Vanguard Group Inc. Has $1.21 Billion Holdings in Domino’s Pizza, Inc. (NYSE:DPZ)

Posted by on Mar 13th, 2023

Vanguard Group Inc. raised its holdings in shares of Domino’s Pizza, Inc. (NYSE:DPZ – Get Rating) by 0.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,902,745 shares of the restaurant operator’s stock after buying an additional 25,200 shares during the quarter. Vanguard Group Inc. owned about 11.03% of Domino’s Pizza worth $1,210,631,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of DPZ. Twin Lakes Capital Management LLC bought a new stake in shares of Domino’s Pizza during the third quarter valued at approximately $31,000. Private Trust Co. NA bought a new stake in shares of Domino’s Pizza during the second quarter valued at approximately $35,000. First Horizon Advisors Inc. increased its position in shares of Domino’s Pizza by 41.7% during the third quarter. First Horizon Advisors Inc. now owns 136 shares of the restaurant operator’s stock valued at $41,000 after purchasing an additional 40 shares during the period. Wipfli Financial Advisors LLC bought a new stake in shares of Domino’s Pizza during the third quarter valued at approximately $50,000. Finally, Hazlett Burt & Watson Inc. bought a new stake in shares of Domino’s Pizza during the third quarter valued at approximately $62,000. 90.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Domino’s Pizza

In other Domino’s Pizza news, Director Patricia E. Lopez sold 244 shares of the stock in a transaction dated Friday, December 23rd. The stock was sold at an average price of $351.93, for a total value of $85,870.92. Following the transaction, the director now owns 1,519 shares of the company’s stock, valued at $534,581.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on DPZ shares. Stephens lowered their price objective on Domino’s Pizza from $335.00 to $300.00 and set an “equal weight” rating on the stock in a research report on Friday, February 24th. Robert W. Baird cut Domino’s Pizza from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $400.00 to $320.00 in a research report on Friday, February 24th. BMO Capital Markets lowered their price target on Domino’s Pizza from $430.00 to $380.00 and set an “outperform” rating on the stock in a research report on Friday, February 24th. Oppenheimer lowered their price target on Domino’s Pizza from $405.00 to $375.00 and set an “outperform” rating on the stock in a research report on Friday, February 24th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Domino’s Pizza from $351.00 to $334.00 and set a “hold” rating on the stock in a research report on Monday, February 27th. Two equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Domino’s Pizza presently has an average rating of “Hold” and an average price target of $361.12.

Domino’s Pizza Stock Down 2.9 %

Shares of DPZ opened at $300.16 on Monday. Domino’s Pizza, Inc. has a 12-month low of $291.00 and a 12-month high of $426.44. The stock’s fifty day simple moving average is $338.50 and its 200-day simple moving average is $346.29. The firm has a market capitalization of $10.63 billion, a PE ratio of 23.94, a price-to-earnings-growth ratio of 1.88 and a beta of 0.76.

Domino’s Pizza (NYSE:DPZ – Get Rating) last released its earnings results on Thursday, February 23rd. The restaurant operator reported $4.43 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the prior year, the firm posted $4.25 earnings per share. The company’s quarterly revenue was up 3.6% on a year-over-year basis. Analysts anticipate that Domino’s Pizza, Inc. will post 12.97 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. Shareholders of record on Wednesday, March 15th will be paid a $1.21 dividend. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.10. The ex-dividend date is Tuesday, March 14th. This represents a $4.84 annualized dividend and a yield of 1.61%. Domino’s Pizza’s dividend payout ratio is presently 35.09%.

Domino’s Pizza Company 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.

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

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