abrdn plc grew its holdings in shares of Domino’s Pizza, Inc. (NYSE:DPZ – Get Rating) by 1.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,595 shares of the restaurant operator’s stock after purchasing an additional 119 shares during the quarter. abrdn plc’s holdings in Domino’s Pizza were worth $3,324,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of DPZ. New York State Common Retirement Fund grew its stake in Domino’s Pizza by 2.8% in the 4th quarter. New York State Common Retirement Fund now owns 50,778 shares of the restaurant operator’s stock valued at $17,589,000 after buying an additional 1,397 shares during the last quarter. Strs Ohio acquired a new position in Domino’s Pizza in the 4th quarter valued at $12,124,000. Cambridge Investment Research Advisors Inc. grew its stake in Domino’s Pizza by 2.3% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 4,904 shares of the restaurant operator’s stock valued at $1,699,000 after buying an additional 109 shares during the last quarter. Fred Alger Management LLC grew its stake in Domino’s Pizza by 141.7% in the 3rd quarter. Fred Alger Management LLC now owns 198,020 shares of the restaurant operator’s stock valued at $61,426,000 after buying an additional 116,100 shares during the last quarter. Finally, Credit Agricole S A grew its stake in Domino’s Pizza by 31.3% in the 3rd quarter. Credit Agricole S A now owns 1,144 shares of the restaurant operator’s stock valued at $355,000 after buying an additional 273 shares during the last quarter. Institutional investors own 90.32% of the company’s stock.
Insiders Place Their Bets
In other Domino’s Pizza news, EVP Cynthia A. Headen sold 136 shares of the business’s stock in a transaction dated Monday, March 13th. The shares were sold at an average price of $300.00, for a total value of $40,800.00. Following the completion of the transaction, the executive vice president now directly owns 4,867 shares of the company’s stock, valued at $1,460,100. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.76% of the company’s stock.
Domino’s Pizza Stock Down 1.5 %
Domino’s Pizza (NYSE:DPZ – Get Rating) last announced its earnings results on Thursday, April 27th. The restaurant operator reported $2.93 earnings per share for the quarter, topping analysts’ consensus estimates of $2.66 by $0.27. Domino’s Pizza had a net margin of 10.24% and a negative return on equity of 11.07%. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the previous year, the firm posted $2.50 earnings per share. The company’s revenue was up 1.3% on a year-over-year basis. As a group, research analysts expect that Domino’s Pizza, Inc. will post 13.33 earnings per share for the current year.
Domino’s Pizza Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be paid a $1.21 dividend. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date is Wednesday, June 14th. Domino’s Pizza’s dividend payout ratio is presently 37.32%.
Analyst Ratings Changes
A number of research firms recently issued reports on DPZ. StockNews.com began coverage on shares of Domino’s Pizza in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. Oppenheimer decreased their price target on shares of 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. Credit Suisse Group raised their price target on shares of Domino’s Pizza from $335.00 to $355.00 in a research report on Friday, April 28th. 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. Finally, BMO Capital Markets raised their price target on shares of Domino’s Pizza from $380.00 to $395.00 in a research report on Friday, April 28th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $355.27.
Domino’s Pizza Company Profile
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.
Read More
- Get a free copy of the StockNews.com research report on Domino’s Pizza (DPZ)
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