Swedbank AB trimmed its stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ – Free Report) by 70.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 733 shares of the restaurant operator’s stock after selling 1,728 shares during the quarter. Swedbank AB’s holdings in Domino’s Pizza were worth $263,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also made changes to their positions in the stock. Jump Financial LLC bought a new stake in Domino’s Pizza in the second quarter valued at $3,183,000. Investment Management Corp of Ontario increased its holdings in shares of Domino’s Pizza by 68.3% in the 2nd quarter. Investment Management Corp of Ontario now owns 1,594 shares of the restaurant operator’s stock worth $718,000 after acquiring an additional 647 shares during the period. Sei Investments Co. increased its holdings in shares of Domino’s Pizza by 21.7% in the 2nd quarter. Sei Investments Co. now owns 80,964 shares of the restaurant operator’s stock worth $36,480,000 after acquiring an additional 14,452 shares during the period. Glenview Trust co lifted its position in Domino’s Pizza by 36.9% in the 2nd quarter. Glenview Trust co now owns 1,135 shares of the restaurant operator’s stock valued at $511,000 after purchasing an additional 306 shares during the last quarter. Finally, HUB Investment Partners LLC lifted its position in Domino’s Pizza by 17.3% in the 2nd quarter. HUB Investment Partners LLC now owns 1,322 shares of the restaurant operator’s stock valued at $596,000 after purchasing an additional 195 shares during the last quarter. Institutional investors own 94.63% of the company’s stock.
Domino’s Pizza Trading Down 0.5%
DPZ traded down $1.42 on Friday, reaching $299.46. The company had a trading volume of 624,376 shares, compared to its average volume of 920,736. The company has a market capitalization of $9.96 billion, a P/E ratio of 17.24, a PEG ratio of 1.40 and a beta of 0.97. The company has a fifty day moving average of $310.32 and a 200-day moving average of $362.64. Domino’s Pizza Inc has a one year low of $282.00 and a one year high of $496.00.
Domino’s Pizza Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a dividend of $1.99 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $7.96 annualized dividend and a yield of 2.7%. Domino’s Pizza’s payout ratio is presently 45.83%.
Wall Street Analysts Forecast Growth
DPZ has been the subject of several recent analyst reports. Weiss Ratings cut shares of Domino’s Pizza from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 29th. The Goldman Sachs Group cut their price target on Domino’s Pizza from $480.00 to $430.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. Gordon Haskett reduced their price objective on Domino’s Pizza from $440.00 to $380.00 and set a “buy” rating for the company in a research report on Tuesday, April 28th. JPMorgan Chase & Co. decreased their price objective on Domino’s Pizza from $430.00 to $380.00 and set an “overweight” rating for the company in a report on Tuesday, June 23rd. Finally, Citigroup lowered their target price on Domino’s Pizza from $365.00 to $335.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 7th. Seventeen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $405.39.
Check Out Our Latest Report on Domino’s Pizza
Insider Buying and Selling
In other Domino’s Pizza news, EVP Kelly E. Garcia sold 487 shares of the company’s stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $297.01, for a total value of $144,643.87. Following the completion of the sale, the executive vice president directly owned 9,352 shares in the company, valued at $2,777,637.52. This represents a 4.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 1,950 shares of company stock worth $611,451 over the last quarter. 0.89% of the stock is owned by insiders.
Domino’s Pizza Company Profile
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 handâcrafted 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.
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