USS Investment Management Ltd Has $2.44 Million Stake in Domino's Pizza Inc $DPZ

Key Points

• USS Investment Management Ltd has reduced its stake in Domino's Pizza Inc by 35.0%, now owning 5,309 shares valued at approximately $2.44 million.
• Domino's Pizza reported a Q2 EPS of $3.81, missing analyst estimates, but its revenue increased 4.3% year-over-year to $1.15 billion.
• The company has declared a quarterly dividend of $1.74 per share, with a dividend yield of 1.5%, to be paid on September 30th.

USS Investment Management Ltd decreased its holdings in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 35.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,309 shares of the restaurant operator's stock after selling 2,853 shares during the quarter. USS Investment Management Ltd's holdings in Domino's Pizza were worth $2,438,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Praxis Investment Management Inc. acquired a new position in Domino's Pizza during the first quarter valued at approximately $414,000. Sowell Financial Services LLC acquired a new position in Domino's Pizza during the first quarter valued at approximately $282,000. Merit Financial Group LLC grew its holdings in Domino's Pizza by 88.5% during the first quarter. Merit Financial Group LLC now owns 1,591 shares of the restaurant operator's stock valued at $731,000 after purchasing an additional 747 shares during the period. GAMMA Investing LLC grew its holdings in Domino's Pizza by 53,740.4% during the first quarter. GAMMA Investing LLC now owns 260,049 shares of the restaurant operator's stock valued at $119,480,000 after purchasing an additional 259,566 shares during the period. Finally, Cornerstone Wealth Group LLC grew its holdings in Domino's Pizza by 41.0% during the first quarter. Cornerstone Wealth Group LLC now owns 20,417 shares of the restaurant operator's stock valued at $9,381,000 after purchasing an additional 5,939 shares during the period. Institutional investors and hedge funds own 94.63% of the company's stock.

Domino's Pizza Stock Up 0.5%

Shares of DPZ stock opened at $466.11 on Tuesday. The company's fifty day simple moving average is $459.46 and its 200-day simple moving average is $464.05. The firm has a market cap of $15.82 billion, a PE ratio of 27.07, a P/E/G ratio of 2.54 and a beta of 1.09. Domino's Pizza Inc has a 12 month low of $396.06 and a 12 month high of $500.55.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its quarterly earnings data on Monday, July 21st. The restaurant operator reported $3.81 EPS for the quarter, missing analysts' consensus estimates of $3.93 by ($0.12). The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. Domino's Pizza had a negative return on equity of 15.09% and a net margin of 12.49%.The business's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.03 EPS. On average, equities analysts predict that Domino's Pizza Inc will post 16.74 earnings per share for the current fiscal year.

Domino's Pizza Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, September 15th. Domino's Pizza's payout ratio is currently 40.42%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on DPZ. Redburn Atlantic began coverage on shares of Domino's Pizza in a report on Tuesday, June 10th. They set a "sell" rating and a $340.00 price objective for the company. Wells Fargo & Company boosted their price objective on shares of Domino's Pizza from $465.00 to $490.00 and gave the company an "equal weight" rating in a report on Tuesday, July 22nd. Melius began coverage on shares of Domino's Pizza in a report on Monday, July 14th. They set a "hold" rating and a $500.00 price objective for the company. Guggenheim lifted their price target on shares of Domino's Pizza from $485.00 to $490.00 and gave the company a "neutral" rating in a research note on Wednesday, August 27th. Finally, UBS Group reaffirmed a "buy" rating and issued a $540.00 price target on shares of Domino's Pizza in a research note on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $490.78.

Insider Activity at Domino's Pizza

In other news, Director James A. Goldman sold 1,000 shares of the business's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $451.49, for a total value of $451,490.00. Following the sale, the director owned 3,384 shares of the company's stock, valued at $1,527,842.16. The trade was a 22.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.83% of the stock is currently owned by corporate insiders.

Domino's Pizza Company Profile

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. The company operates through three segments: U.S. Stores, International Franchise, and Supply Chain. It offers pizzas under the Domino's brand name through company-owned and franchised stores.

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