Swiss National Bank Sells 4,700 Shares of Domino's Pizza Inc $DPZ

Key Points

• Swiss National Bank trimmed its stake in Domino's by 4.8%, selling 4,700 shares and ending the quarter with 93,800 shares (about 0.28% of the company) valued at roughly $40.49 million.
• Domino's raised its quarterly dividend to $1.99 (annualized $7.96) from $1.74, a yield of about 2.0%; the record date is March 13 and the payment date is March 30.
• Domino's reported quarterly EPS of $5.35 versus $5.38 expected (a $0.03 miss) with revenue of $1.54 billion (up 6.4% YoY); analysts' consensus rating is a Hold with an average target price of $475.71.

Swiss National Bank cut its position in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 4.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 93,800 shares of the restaurant operator's stock after selling 4,700 shares during the period. Swiss National Bank owned about 0.28% of Domino's Pizza worth $40,494,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. WINTON GROUP Ltd increased its holdings in shares of Domino's Pizza by 159.0% in the third quarter. WINTON GROUP Ltd now owns 3,354 shares of the restaurant operator's stock worth $1,448,000 after acquiring an additional 2,059 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Domino's Pizza by 24.2% in the third quarter. Russell Investments Group Ltd. now owns 77,419 shares of the restaurant operator's stock valued at $33,426,000 after buying an additional 15,079 shares during the period. Schroder Investment Management Group increased its position in shares of Domino's Pizza by 1,206.9% during the third quarter. Schroder Investment Management Group now owns 15,225 shares of the restaurant operator's stock worth $6,614,000 after acquiring an additional 14,060 shares in the last quarter. Private Advisor Group LLC raised its holdings in shares of Domino's Pizza by 18.0% during the third quarter. Private Advisor Group LLC now owns 2,848 shares of the restaurant operator's stock worth $1,229,000 after acquiring an additional 434 shares during the period. Finally, Diversify Advisory Services LLC raised its holdings in shares of Domino's Pizza by 5.1% during the third quarter. Diversify Advisory Services LLC now owns 682 shares of the restaurant operator's stock worth $275,000 after acquiring an additional 33 shares during the period. Institutional investors and hedge funds own 94.63% of the company's stock.

Domino's Pizza Stock Performance

NASDAQ DPZ traded up $0.68 during trading hours on Friday, hitting $396.66. 120,820 shares of the company traded hands, compared to its average volume of 885,489. The business's 50-day moving average is $400.74 and its 200-day moving average is $416.95. The stock has a market capitalization of $13.34 billion, a price-to-earnings ratio of 22.55, a P/E/G ratio of 1.70 and a beta of 1.16. Domino's Pizza Inc has a twelve month low of $370.70 and a twelve month high of $499.08.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its quarterly earnings data on Monday, February 23rd. The restaurant operator reported $5.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.38 by ($0.03). The company had revenue of $1.54 billion for the quarter. Domino's Pizza had a negative return on equity of 15.28% and a net margin of 12.18%.The firm's quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.89 EPS. Analysts predict that Domino's Pizza Inc will post 16.74 EPS for the current year.

Domino's Pizza Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, March 13th will be issued a $1.99 dividend. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, March 13th. This is a positive change from Domino's Pizza's previous quarterly dividend of $1.74. Domino's Pizza's payout ratio is currently 39.61%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on DPZ shares. UBS Group set a $500.00 target price on shares of Domino's Pizza and gave the stock a "buy" rating in a research note on Friday, February 13th. Barclays reduced their price objective on Domino's Pizza from $405.00 to $370.00 and set an "underweight" rating for the company in a research report on Wednesday, January 7th. Stifel Nicolaus dropped their target price on Domino's Pizza from $510.00 to $485.00 and set a "buy" rating on the stock in a research report on Wednesday, January 7th. Hovde Group set a $460.00 target price on Domino's Pizza in a research note on Monday, January 5th. Finally, Evercore reaffirmed an "outperform" rating and set a $510.00 price target on shares of Domino's Pizza in a research report on Tuesday, February 24th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Domino's Pizza currently has an average rating of "Hold" and an average target price of $475.71.

Insider Transactions at Domino's Pizza

In related news, EVP Kelly E. Garcia sold 4,870 shares of Domino's Pizza stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $434.06, for a total transaction of $2,113,872.20. Following the completion of the transaction, the executive vice president owned 6,744 shares in the company, valued at approximately $2,927,300.64. This trade represents a 41.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.83% of the company's stock.

About Domino's Pizza

Domino's Pizza, Inc NASDAQ: DPZ is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino's has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino's Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino's has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.

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