State Board of Administration of Florida Retirement System lessened its holdings in Domino’s Pizza, Inc. (NYSE:DPZ) by 1.9% during the third quarter, Holdings Channel reports. The institutional investor owned 60,497 shares of the restaurant operator’s stock after selling 1,180 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Domino’s Pizza were worth $17,835,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Redpoint Investment Management Pty Ltd boosted its stake in shares of Domino’s Pizza by 2.8% in the 2nd quarter. Redpoint Investment Management Pty Ltd now owns 9,910 shares of the restaurant operator’s stock worth $2,796,000 after buying an additional 272 shares during the last quarter. Roosevelt Investment Group Inc. purchased a new position in Domino’s Pizza in the second quarter valued at approximately $215,000. Morgan Stanley lifted its stake in Domino’s Pizza by 36.3% in the second quarter. Morgan Stanley now owns 290,070 shares of the restaurant operator’s stock valued at $81,849,000 after purchasing an additional 77,244 shares during the last quarter. Sawtooth Solutions LLC purchased a new position in Domino’s Pizza in the second quarter valued at approximately $227,000. Finally, TCW Group Inc. lifted its stake in Domino’s Pizza by 73.9% in the third quarter. TCW Group Inc. now owns 117,047 shares of the restaurant operator’s stock valued at $34,505,000 after purchasing an additional 49,724 shares during the last quarter. Hedge funds and other institutional investors own 94.18% of the company’s stock.
Several research firms recently commented on DPZ. Barclays upped their price objective on Domino’s Pizza from $241.00 to $262.00 and gave the company an “equal weight” rating in a research note on Friday, July 20th. Guggenheim reiterated a “buy” rating and issued a $303.00 price objective on shares of Domino’s Pizza in a research note on Friday, July 20th. Stephens upped their price objective on Domino’s Pizza from $300.00 to $310.00 and gave the company an “overweight” rating in a research note on Friday, July 20th. Zacks Investment Research downgraded Domino’s Pizza from a “hold” rating to a “sell” rating in a research note on Tuesday, September 18th. Finally, JPMorgan Chase & Co. upped their price objective on Domino’s Pizza from $260.00 to $270.00 and gave the company a “$271.75” rating in a research note on Monday, July 23rd. Nine investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Domino’s Pizza presently has a consensus rating of “Buy” and a consensus target price of $274.30.
In other Domino’s Pizza news, COO Russell J. Weiner sold 4,404 shares of the stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $293.88, for a total transaction of $1,294,247.52. Following the sale, the chief operating officer now owns 13,738 shares in the company, valued at $4,037,323.44. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider J Patrick Doyle sold 25,600 shares of the stock in a transaction on Thursday, August 30th. The stock was sold at an average price of $301.15, for a total value of $7,709,440.00. Following the sale, the insider now owns 49,670 shares in the company, valued at approximately $14,958,120.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,004 shares of company stock worth $11,956,888. Company insiders own 3.97% of the company’s stock.
NYSE:DPZ opened at $274.35 on Friday. The firm has a market cap of $11.29 billion, a price-to-earnings ratio of 35.12, a P/E/G ratio of 1.88 and a beta of 0.41. Domino’s Pizza, Inc. has a 1 year low of $168.56 and a 1 year high of $305.34.
Domino’s Pizza (NYSE:DPZ) last posted its earnings results on Tuesday, October 16th. The restaurant operator reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.20. The firm had revenue of $786.00 million for the quarter, compared to the consensus estimate of $789.10 million. Domino’s Pizza had a negative return on equity of 11.92% and a net margin of 10.60%. The business’s quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.27 earnings per share. As a group, sell-side analysts forecast that Domino’s Pizza, Inc. will post 8.42 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $2.20 annualized dividend and a dividend yield of 0.80%. Domino’s Pizza’s dividend payout ratio is currently 41.20%.
WARNING: This story was originally posted by Stock Observer and is the property of of Stock Observer. If you are reading this story on another site, it was stolen and republished in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://www.thestockobserver.com/2018/11/10/state-board-of-administration-of-florida-retirement-system-sells-1180-shares-of-dominos-pizza-inc-dpz.html.
Domino’s Pizza Company Profile
Domino's Pizza, Inc, through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates through three segments: Domestic Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's Pizza brand name through company-owned and franchised Domino's Pizza stores.
Featured Story: Short Selling
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. (NYSE:DPZ).
Receive News & Ratings for Domino's Pizza Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Domino's Pizza and related companies with MarketBeat.com's FREE daily email newsletter.