Domino’s Pizza Inc $DPZ Stock Holdings Increased by Van ECK Associates Corp

Van ECK Associates Corp grew its holdings in shares of Domino’s Pizza Inc (NASDAQ:DPZFree Report) by 937,192.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 478,019 shares of the restaurant operator’s stock after purchasing an additional 477,968 shares during the period. Van ECK Associates Corp’s holdings in Domino’s Pizza were worth $141,513,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. SHP Wealth Management acquired a new stake in Domino’s Pizza during the 4th quarter valued at $25,000. Rakuten Securities Inc. purchased a new position in Domino’s Pizza during the 2nd quarter valued at about $28,000. Annis Gardner Whiting Capital Advisors LLC grew its stake in Domino’s Pizza by 97.1% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 34 shares in the last quarter. Investors Research Corp increased its holdings in shares of Domino’s Pizza by 9,900.0% in the 2nd quarter. Investors Research Corp now owns 100 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 99 shares during the period. Finally, MBM Wealth Consultants LLC purchased a new stake in shares of Domino’s Pizza in the first quarter worth approximately $31,000. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on DPZ shares. KeyCorp reiterated a “sector weight” rating on shares of Domino’s Pizza in a research note on Tuesday, July 21st. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Domino’s Pizza in a research note on Tuesday, July 21st. Evercore reiterated an “outperform” rating on shares of Domino’s Pizza in a report on Thursday, July 9th. JPMorgan Chase & Co. lowered their price target on Domino’s Pizza from $430.00 to $380.00 and set an “overweight” rating for the company in a research note on Tuesday, June 23rd. Finally, Rothschild & Co Redburn dropped their price objective on Domino’s Pizza from $340.00 to $290.00 in a report on Monday, May 11th. Sixteen equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $397.42.

View Our Latest Analysis on Domino’s Pizza

Domino’s Pizza Trading Up 5.4%

Shares of NASDAQ:DPZ opened at $350.00 on Friday. The stock has a market capitalization of $11.58 billion, a PE ratio of 19.85, a P/E/G ratio of 1.60 and a beta of 0.94. Domino’s Pizza Inc has a 1 year low of $282.00 and a 1 year high of $469.00. The firm has a fifty day moving average price of $328.60 and a 200 day moving average price of $345.64.

Domino’s Pizza (NASDAQ:DPZGet Free Report) last posted its earnings results on Monday, July 20th. The restaurant operator reported $4.07 earnings per share for the quarter, missing the consensus estimate of $4.17 by ($0.10). Domino’s Pizza had a net margin of 11.86% and a negative return on equity of 15.15%. The company had revenue of $1.19 billion for the quarter. During the same quarter in the prior year, the business posted $3.81 EPS. Domino’s Pizza’s quarterly revenue was up 4.3% on a year-over-year basis. On average, sell-side analysts forecast that Domino’s Pizza Inc will post 18.89 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $1.99 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $7.96 dividend on an annualized basis and a yield of 2.3%. Domino’s Pizza’s dividend payout ratio is presently 45.15%.

Insider Transactions at Domino’s Pizza

In other news, CEO Russell J. Weiner sold 10,850 shares of the firm’s stock in a transaction on Friday, July 17th. The shares were sold at an average price of $330.83, for a total value of $3,589,505.50. Following the sale, the chief executive officer owned 43,829 shares in the company, valued at approximately $14,499,948.07. This trade represents a 19.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Kelly E. Garcia sold 12,430 shares of the business’s stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $322.04, for a total transaction of $4,002,957.20. Following the transaction, the executive vice president directly owned 9,352 shares in the company, valued at $3,011,718.08. This trade represents a 57.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 24,254 shares of company stock worth $7,888,924 over the last quarter. 0.89% of the stock is currently owned by corporate insiders.

Domino’s Pizza Company Profile

(Free Report)

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 hand‐crafted 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.

See Also

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Institutional Ownership by Quarter for Domino's Pizza (NASDAQ:DPZ)

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