US Bancorp DE Sells 2,489 Shares of Domino's Pizza Inc $DPZ

Key Points

• US Bancorp DE reduced its stake in Domino's by 37.3%, selling 2,489 shares and leaving 4,185 shares valued at about $1.81 million; institutional investors now own roughly 94.63% of the company.
• EVP Kelly E. Garcia sold 4,870 shares at an average price of $434.06, a 41.93% cut to her position; company insiders collectively own about 0.83% of Domino's stock.
• Domino's raised its quarterly dividend to $1.99 (annualized $7.96, 2.0% yield; ex-dividend Mar 13) and reported Q results with EPS $5.35 (missing by $0.03) on $1.54 billion revenue, while analysts' consensus is a "Hold" with an average target of $475.71.

US Bancorp DE cut its holdings in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 37.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,185 shares of the restaurant operator's stock after selling 2,489 shares during the quarter. US Bancorp DE's holdings in Domino's Pizza were worth $1,807,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in DPZ. Arkadios Wealth Advisors lifted its position in shares of Domino's Pizza by 5.1% in the 2nd quarter. Arkadios Wealth Advisors now owns 1,024 shares of the restaurant operator's stock worth $461,000 after purchasing an additional 50 shares during the period. Assetmark Inc. grew its stake in shares of Domino's Pizza by 432.0% in the 2nd quarter. Assetmark Inc. now owns 133 shares of the restaurant operator's stock worth $60,000 after acquiring an additional 108 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Domino's Pizza by 25.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 330,443 shares of the restaurant operator's stock worth $148,898,000 after buying an additional 67,023 shares in the last quarter. First Horizon Advisors Inc. increased its position in shares of Domino's Pizza by 34.6% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,201 shares of the restaurant operator's stock valued at $541,000 after purchasing an additional 309 shares during the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new position in Domino's Pizza in the second quarter valued at about $34,000. Institutional investors and hedge funds own 94.63% of the company's stock.

Insiders Place Their Bets

In other Domino's Pizza news, EVP Kelly E. Garcia sold 4,870 shares of Domino's Pizza stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $434.06, for a total transaction of $2,113,872.20. Following the completion of the sale, the executive vice president directly owned 6,744 shares in the company, valued at approximately $2,927,300.64. The trade was a 41.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.83% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. William Blair set a $540.00 price target on Domino's Pizza in a research note on Monday, February 23rd. UBS Group set a $500.00 target price on shares of Domino's Pizza and gave the stock a "buy" rating in a research report on Friday, February 13th. Piper Sandler reiterated a "neutral" rating and issued a $445.00 target price on shares of Domino's Pizza in a research note on Monday, November 24th. Stifel Nicolaus dropped their price target on shares of Domino's Pizza from $510.00 to $485.00 and set a "buy" rating on the stock in a research note on Wednesday, January 7th. Finally, Guggenheim reduced their price objective on shares of Domino's Pizza from $450.00 to $440.00 and set a "neutral" rating for the company in a research note on Wednesday, February 25th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $475.71.

Domino's Pizza Trading Down 0.4%

NASDAQ DPZ opened at $406.62 on Thursday. The firm's fifty day simple moving average is $403.03 and its two-hundred day simple moving average is $418.61. The firm has a market capitalization of $13.67 billion, a P/E ratio of 23.14, a P/E/G ratio of 1.76 and a beta of 1.16. Domino's Pizza Inc has a 12-month low of $370.70 and a 12-month high of $499.08.

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

Domino's Pizza Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, March 13th will be issued a $1.99 dividend. This is a boost from Domino's Pizza's previous quarterly dividend of $1.74. The ex-dividend date is Friday, March 13th. This represents a $7.96 annualized dividend and a yield of 2.0%. Domino's Pizza's dividend payout ratio is currently 39.61%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.