Voya Investment Management LLC Decreases Holdings in Domino's Pizza Inc $DPZ

Key Points

• Voya Investment Management LLC has decreased its holdings in Domino's Pizza by 5.8%, owning approximately 89,637 shares worth $41.18 million after selling 5,519 shares in the first quarter.
• Domino's Pizza recently reported $3.81 EPS for the quarter, missing estimates by ($0.12), with revenues of $1.15 billion reflecting a 4.3% year-over-year increase.
• The company declared a quarterly dividend of $1.74 per share, with a dividend yield of 1.5%, to be paid on September 30th.

Voya Investment Management LLC cut its holdings in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 5.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 89,637 shares of the restaurant operator's stock after selling 5,519 shares during the quarter. Voya Investment Management LLC owned approximately 0.26% of Domino's Pizza worth $41,184,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Advisors Capital Management LLC increased its position in shares of Domino's Pizza by 3.5% during the 1st quarter. Advisors Capital Management LLC now owns 1,249 shares of the restaurant operator's stock valued at $574,000 after purchasing an additional 42 shares during the last quarter. SWS Partners increased its position in shares of Domino's Pizza by 2.0% during the 1st quarter. SWS Partners now owns 4,327 shares of the restaurant operator's stock valued at $1,988,000 after purchasing an additional 84 shares during the last quarter. Geneos Wealth Management Inc. increased its position in shares of Domino's Pizza by 68.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 251 shares of the restaurant operator's stock valued at $115,000 after purchasing an additional 102 shares during the last quarter. Integrity Alliance LLC. purchased a new stake in shares of Domino's Pizza during the 1st quarter valued at $719,000. Finally, Glenview Trust co purchased a new stake in shares of Domino's Pizza during the 1st quarter valued at $381,000. 94.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DPZ. Guggenheim increased their price target on Domino's Pizza from $485.00 to $490.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 27th. UBS Group reiterated a "buy" rating and set a $540.00 price target on shares of Domino's Pizza in a research note on Tuesday, July 22nd. Benchmark increased their price target on Domino's Pizza from $535.00 to $540.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Wells Fargo & Company increased their price target on Domino's Pizza from $465.00 to $490.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 22nd. Finally, Redburn Atlantic began coverage on Domino's Pizza in a research note on Tuesday, June 10th. They set a "sell" rating and a $340.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $490.78.

Domino's Pizza Stock Down 1.0%

Shares of NASDAQ DPZ opened at $452.05 on Friday. Domino's Pizza Inc has a 52 week low of $397.12 and a 52 week high of $500.55. The business has a 50-day simple moving average of $459.35 and a two-hundred day simple moving average of $463.70. The company has a market cap of $15.35 billion, a P/E ratio of 26.25, a P/E/G ratio of 2.50 and a beta of 1.09.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its earnings results on Monday, July 21st. The restaurant operator reported $3.81 EPS for the quarter, missing the consensus estimate of $3.93 by ($0.12). Domino's Pizza had a negative return on equity of 15.09% and a net margin of 12.49%.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. Equities research analysts anticipate that Domino's Pizza Inc will post 16.74 EPS for the current year.

Domino's Pizza Dividend Announcement

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

Insider Activity

In other news, Director James A. Goldman sold 1,000 shares of Domino's Pizza stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $451.49, for a total transaction of $451,490.00. Following the completion of the sale, the director owned 3,384 shares in the company, valued at approximately $1,527,842.16. This trade represents a 22.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.83% of the company's stock.

About Domino's Pizza

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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