Vaughan Nelson Investment Management L.P. Has $32.03 Million Stock Holdings in Domino's Pizza Inc $DPZ

Key Points

• Vaughan Nelson Investment Management L.P. sold 13,545 shares of Domino's Pizza, reducing their holdings by 16% to approximately 71,075 shares valued at $32.03 million.
• Despite the decrease in its position, institutional investors own a significant 94.63% of Domino's Pizza stock, highlighting strong institutional interest.
• Domino's recently announced a quarterly dividend of $1.74, equating to an annualized dividend of $6.96 and a yield of 1.6%.

Vaughan Nelson Investment Management L.P. decreased its position in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 16.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,075 shares of the restaurant operator's stock after selling 13,545 shares during the quarter. Vaughan Nelson Investment Management L.P. owned approximately 0.21% of Domino's Pizza worth $32,026,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of DPZ. Charles Schwab Investment Management Inc. acquired a new stake in shares of Domino's Pizza during the 1st quarter valued at $110,348,000. Invesco Ltd. raised its position in Domino's Pizza by 32.9% during the 1st quarter. Invesco Ltd. now owns 809,658 shares of the restaurant operator's stock worth $371,997,000 after purchasing an additional 200,622 shares during the last quarter. Bristol Gate Capital Partners Inc. bought a new position in Domino's Pizza during the 1st quarter worth $92,085,000. Nuveen LLC bought a new position in Domino's Pizza during the 1st quarter worth $45,344,000. Finally, Truist Financial Corp raised its position in Domino's Pizza by 3,692.1% during the 2nd quarter. Truist Financial Corp now owns 73,642 shares of the restaurant operator's stock worth $33,183,000 after purchasing an additional 71,700 shares during the last quarter. Institutional investors and hedge funds own 94.63% of the company's stock.

Insider Buying and Selling at Domino's Pizza

In other news, Director James A. Goldman sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $451.49, for a total value of $451,490.00. Following the transaction, the director owned 3,384 shares in the company, valued at $1,527,842.16. This trade represents a 22.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.83% of the stock is owned by corporate insiders.

Domino's Pizza Stock Performance

DPZ stock opened at $426.71 on Friday. The business has a 50-day simple moving average of $448.20 and a two-hundred day simple moving average of $460.79. The company has a market capitalization of $14.49 billion, a P/E ratio of 24.78, a price-to-earnings-growth ratio of 2.36 and a beta of 1.12. Domino's Pizza Inc has a 52-week low of $397.12 and a 52-week high of $500.55.

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

Domino's Pizza Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Monday, September 15th. Domino's Pizza's dividend payout ratio (DPR) is currently 40.42%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DPZ. Royal Bank Of Canada lowered Domino's Pizza from an "outperform" rating to a "sector perform" rating and lowered their target price for the stock from $550.00 to $500.00 in a research report on Tuesday, July 29th. Wells Fargo & Company raised their target price on Domino's Pizza from $465.00 to $490.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 22nd. Guggenheim raised their target price on Domino's Pizza from $485.00 to $490.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 27th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Domino's Pizza in a research report on Saturday, September 27th. Finally, Citigroup lowered their target price on Domino's Pizza from $500.00 to $480.00 and set a "neutral" rating for the company in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $490.04.

Domino's Pizza 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.

Want to see what other hedge funds are holding DPZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Domino's Pizza Inc (NASDAQ:DPZ - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.