Axa S.A. Sells 5,559 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

Posted by Defense World Staff on Feb 27th, 2023

Axa S.A. decreased its holdings in shares of Domino’s Pizza, Inc. (NYSE:DPZ – Get Rating) by 49.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,770 shares of the restaurant operator’s stock after selling 5,559 shares during the period. Axa S.A.’s holdings in Domino’s Pizza were worth $1,790,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of DPZ. FMR LLC raised its position in Domino’s Pizza by 15.2% during the 2nd quarter. FMR LLC now owns 2,414,976 shares of the restaurant operator’s stock valued at $941,140,000 after purchasing an additional 319,545 shares during the last quarter. Voya Investment Management LLC raised its position in Domino’s Pizza by 572.7% during the 2nd quarter. Voya Investment Management LLC now owns 271,808 shares of the restaurant operator’s stock valued at $105,926,000 after purchasing an additional 231,402 shares during the last quarter. Candlestick Capital Management LP bought a new position in Domino’s Pizza during the 2nd quarter valued at approximately $64,273,000. JPMorgan Chase & Co. raised its position in shares of Domino’s Pizza by 110.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 185,850 shares of the restaurant operator’s stock worth $72,428,000 after acquiring an additional 97,631 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Domino’s Pizza by 8.9% in the 1st quarter. Renaissance Technologies LLC now owns 1,040,825 shares of the restaurant operator’s stock worth $423,626,000 after acquiring an additional 84,947 shares in the last quarter. Institutional investors own 90.32% of the company’s stock.

Domino’s Pizza Stock Performance

Shares of Domino’s Pizza stock opened at $297.47 on Monday. Domino’s Pizza, Inc. has a one year low of $297.00 and a one year high of $448.99. The stock’s fifty day moving average is $347.94 and its 200 day moving average is $353.42. The stock has a market cap of $10.53 billion, a P/E ratio of 23.72, a P/E/G ratio of 1.68 and a beta of 0.71.

Domino’s Pizza (NYSE:DPZ – Get Rating) last announced its earnings results on Thursday, February 23rd. The restaurant operator reported $4.43 EPS for the quarter, topping analysts’ consensus estimates of $3.92 by $0.51. Domino’s Pizza had a negative return on equity of 10.71% and a net margin of 9.97%. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same period last year, the firm earned $4.25 EPS. Domino’s Pizza’s revenue for the quarter was up 3.6% compared to the same quarter last year. Analysts predict that Domino’s Pizza, Inc. will post 13.97 EPS for the current year.

Domino’s Pizza Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 30th. Investors of record on Wednesday, March 15th will be issued a $1.21 dividend. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.10. This represents a $4.84 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend is Tuesday, March 14th. Domino’s Pizza’s dividend payout ratio (DPR) is currently 38.60%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DPZ. JPMorgan Chase & Co. decreased their target price on Domino’s Pizza from $330.00 to $315.00 and set a “neutral” rating for the company in a research report on Friday. Cowen reduced their price objective on Domino’s Pizza from $362.00 to $320.00 and set a “market perform” rating for the company in a research report on Friday. Wells Fargo & Company assumed coverage on Domino’s Pizza in a research report on Monday, January 23rd. They set an “equal weight” rating and a $360.00 price objective for the company. Stephens reduced their price objective on Domino’s Pizza from $335.00 to $300.00 and set an “equal weight” rating for the company in a research report on Friday. Finally, Morgan Stanley reduced their price objective on Domino’s Pizza from $430.00 to $405.00 and set an “overweight” rating for the company in a research report on Friday. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $370.92.

Insider Buying and Selling

In other Domino’s Pizza news, Director Patricia E. Lopez sold 244 shares of the firm’s stock in a transaction dated Friday, December 23rd. The stock was sold at an average price of $351.93, for a total transaction of $85,870.92. Following the sale, the director now directly owns 1,519 shares of the company’s stock, valued at $534,581.67. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.12% of the stock is owned by insiders.

Domino’s Pizza Profile

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Domino’s Pizza, Inc engages in the management of a network of company-owned and franchise-owned pizza stores. It operates through the following segments: U.S. Stores, International Franchise, and Supply Chain. The U.S. Stores segment consists primarily of franchise operations. The International Franchise segment comprises a network of franchised stores.