UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 9,062 Shares of Domino's Pizza Inc $DPZ

Key Points

• UBS Asset Management increased its Domino’s Pizza stake by 5.9% in the second quarter, acquiring 9,062 shares and bringing its holdings to 163,862 shares worth approximately $48.5 million. Institutional investors collectively own 94.63% of DPZ.
• Domino’s insiders sold 24,254 shares worth about $7.9 million over the past 90 days, including significant sales by the CEO and an executive vice president.
• The company reported quarterly revenue of $1.19 billion, up 4.3% year over year, but earnings per share of $4.07 missed estimates. Domino’s declared a quarterly dividend of $1.99, while analysts maintain a consensus “Hold” rating with an average price target of $397.74.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 5.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 163,862 shares of the restaurant operator's stock after acquiring an additional 9,062 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.50% of Domino's Pizza worth $48,510,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Amica Mutual Insurance Co. lifted its position in shares of Domino's Pizza by 59.8% during the fourth quarter. Amica Mutual Insurance Co. now owns 16,576 shares of the restaurant operator's stock valued at $6,909,000 after purchasing an additional 6,203 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Domino's Pizza by 10.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 67,117 shares of the restaurant operator's stock worth $28,544,000 after purchasing an additional 6,223 shares in the last quarter. Royal Bank of Canada increased its stake in Domino's Pizza by 5.2% in the 1st quarter. Royal Bank of Canada now owns 448,221 shares of the restaurant operator's stock valued at $160,817,000 after buying an additional 22,320 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Domino's Pizza by 21,977.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 914,672 shares of the restaurant operator's stock valued at $381,254,000 after buying an additional 910,529 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its position in shares of Domino's Pizza by 18.0% during the 4th quarter. Fisher Asset Management LLC now owns 34,632 shares of the restaurant operator's stock worth $14,436,000 after buying an additional 5,282 shares in the last quarter. Institutional investors and hedge funds own 94.63% of the company's stock.

Insider Transactions at Domino's Pizza

In related news, EVP Kelly E. Garcia sold 12,430 shares of the stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $322.04, for a total value of $4,002,957.20. Following the transaction, the executive vice president owned 9,352 shares of the company's stock, valued at $3,011,718.08. This represents a 57.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Russell J. Weiner sold 10,850 shares of the firm's stock in a transaction dated Friday, July 17th. The shares were sold at an average price of $330.83, for a total value of $3,589,505.50. Following the transaction, the chief executive officer directly owned 43,829 shares in the company, valued at approximately $14,499,948.07. This represents a 19.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 24,254 shares of company stock worth $7,888,924 over the last 90 days. Corporate insiders own 0.89% of the company's stock.

Domino's Pizza Stock Performance

NASDAQ:DPZ opened at $346.68 on Thursday. The business's fifty day moving average is $331.87 and its 200 day moving average is $344.42. The firm has a market cap of $11.47 billion, a price-to-earnings ratio of 19.66, a PEG ratio of 1.57 and a beta of 0.94. Domino's Pizza Inc has a 52-week low of $282.00 and a 52-week high of $468.87.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its earnings results on Monday, July 20th. The restaurant operator reported $4.07 EPS for the quarter, missing the consensus estimate of $4.17 by ($0.10). Domino's Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.The company had revenue of $1.19 billion during the quarter. During the same period in the prior year, the company posted $3.81 EPS. The firm's revenue for the quarter was up 4.3% compared to the same quarter last year. Equities analysts predict that Domino's Pizza Inc will post 18.89 EPS for the current fiscal year.

Domino's Pizza Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $1.99 dividend. This represents a $7.96 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Tuesday, September 15th. Domino's Pizza's dividend payout ratio is currently 45.15%.

Wall Street Analysts Forecast Growth

DPZ has been the topic of several research analyst reports. Robert W. Baird reissued a "neutral" rating and issued a $350.00 price objective on shares of Domino's Pizza in a research report on Monday, August 24th. JPMorgan Chase & Co. decreased their target price on Domino's Pizza from $430.00 to $380.00 and set an "overweight" rating for the company in a research report on Tuesday, June 23rd. Loop Capital reissued a "hold" rating and issued a $353.00 price target on shares of Domino's Pizza in a report on Monday, August 10th. BMO Capital Markets reduced their price target on shares of Domino's Pizza from $450.00 to $420.00 and set an "outperform" rating for the company in a research report on Tuesday, July 21st. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Domino's Pizza in a report on Wednesday, August 26th. Sixteen analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Domino's Pizza has a consensus rating of "Hold" and an average price target of $397.74.

Domino's Pizza Company Profile

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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