Verdence Capital Advisors LLC Sells 755 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

Posted by on Apr 2nd, 2023

Verdence Capital Advisors LLC reduced its position in shares of Domino’s Pizza, Inc. (NYSE:DPZ – Get Rating) by 45.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 896 shares of the restaurant operator’s stock after selling 755 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Domino’s Pizza were worth $310,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DPZ. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Domino’s Pizza by 6.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,869 shares of the restaurant operator’s stock valued at $1,982,000 after acquiring an additional 302 shares during the last quarter. Cibc World Market Inc. boosted its position in shares of Domino’s Pizza by 15.3% during the 1st quarter. Cibc World Market Inc. now owns 6,303 shares of the restaurant operator’s stock valued at $2,565,000 after acquiring an additional 838 shares during the last quarter. Sei Investments Co. boosted its position in shares of Domino’s Pizza by 2.3% during the 1st quarter. Sei Investments Co. now owns 15,131 shares of the restaurant operator’s stock valued at $6,034,000 after acquiring an additional 339 shares during the last quarter. Aviva PLC lifted its position in Domino’s Pizza by 35.3% in the first quarter. Aviva PLC now owns 17,279 shares of the restaurant operator’s stock worth $7,033,000 after buying an additional 4,505 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its position in Domino’s Pizza by 1,387.6% in the first quarter. Canada Pension Plan Investment Board now owns 1,800 shares of the restaurant operator’s stock worth $733,000 after buying an additional 1,679 shares during the last quarter. 90.32% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Cynthia A. Headen sold 136 shares of Domino’s Pizza stock in a transaction dated Monday, March 13th. The stock was sold at an average price of $300.00, for a total transaction of $40,800.00. Following the completion of the sale, the executive vice president now owns 4,867 shares of the company’s stock, valued at $1,460,100. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Gordon Haskett downgraded Domino’s Pizza from a “buy” rating to a “hold” rating and lowered their price target for the stock from $344.00 to $315.00 in a research report on Friday, March 3rd. Stephens restated an “equal weight” rating and issued a $300.00 price target on shares of Domino’s Pizza in a research report on Thursday, March 23rd. Robert W. Baird downgraded Domino’s Pizza from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $400.00 to $320.00 in a research report on Friday, February 24th. Wells Fargo & Company started coverage on Domino’s Pizza in a research report on Monday, January 23rd. They issued an “equal weight” rating and a $360.00 price target for the company. Finally, Northcoast Research reiterated a “neutral” rating on shares of Domino’s Pizza in a research report on Tuesday, February 28th. Two analysts have rated the stock with a sell rating, eighteen have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $361.58.

Domino’s Pizza Price Performance

DPZ opened at $329.87 on Friday. The business’s 50-day moving average is $330.85 and its two-hundred day moving average is $340.73. Domino’s Pizza, Inc. has a 1 year low of $291.00 and a 1 year high of $426.44. The firm has a market capitalization of $11.68 billion, a PE ratio of 26.31, a price-to-earnings-growth ratio of 2.06 and a beta of 0.76.

Domino’s Pizza (NYSE:DPZ – Get Rating) last issued its quarterly earnings results on Thursday, February 23rd. The restaurant operator reported $4.43 earnings per share 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 business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the previous year, the firm earned $4.25 earnings per share. The company’s revenue was up 3.6% on a year-over-year basis. As a group, sell-side analysts expect that Domino’s Pizza, Inc. will post 12.91 EPS for the current year.

Domino’s Pizza Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 30th. Stockholders of record on Wednesday, March 15th were paid a dividend of $1.21 per share. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Tuesday, March 14th. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.47%. Domino’s Pizza’s payout ratio is presently 38.60%.

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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