Westpac Banking Corp increased its holdings in shares of Domino’s Pizza, Inc. (NYSE:DPZ – Free Report) by 48.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,798 shares of the restaurant operator’s stock after buying an additional 1,237 shares during the period. Westpac Banking Corp’s holdings in Domino’s Pizza were worth $1,253,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the business. Marks Group Wealth Management Inc boosted its position in Domino’s Pizza by 4.5% during the 1st quarter. Marks Group Wealth Management Inc now owns 3,134 shares of the restaurant operator’s stock worth $1,034,000 after buying an additional 135 shares during the period. Jump Financial LLC boosted its position in Domino’s Pizza by 1,209.0% during the 1st quarter. Jump Financial LLC now owns 11,545 shares of the restaurant operator’s stock worth $3,808,000 after buying an additional 10,663 shares during the period. Van ECK Associates Corp acquired a new stake in Domino’s Pizza during the 1st quarter worth approximately $102,420,000. AGF Management Ltd. boosted its position in Domino’s Pizza by 1,269.4% during the 1st quarter. AGF Management Ltd. now owns 159,749 shares of the restaurant operator’s stock worth $52,696,000 after buying an additional 148,083 shares during the period. Finally, Monumental Financial Group Inc. boosted its position in Domino’s Pizza by 10.5% during the 1st quarter. Monumental Financial Group Inc. now owns 3,180 shares of the restaurant operator’s stock worth $1,049,000 after buying an additional 303 shares during the period. 90.58% of the stock is currently owned by institutional investors and hedge funds.
Domino’s Pizza Price Performance
DPZ opened at $398.30 on Thursday. The company has a market capitalization of $13.98 billion, a price-to-earnings ratio of 30.11, a P/E/G ratio of 2.24 and a beta of 0.86. The firm’s fifty day moving average price is $341.38 and its two-hundred day moving average price is $331.93. Domino’s Pizza, Inc. has a 1 year low of $285.84 and a 1 year high of $417.23.
Domino’s Pizza Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $1.21 dividend. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Thursday, September 14th. Domino’s Pizza’s dividend payout ratio (DPR) is currently 36.58%.
Analyst Ratings Changes
A number of research analysts have recently issued reports on DPZ shares. Barclays boosted their price target on shares of Domino’s Pizza from $270.00 to $320.00 and gave the stock an “underweight” rating in a research report on Monday, July 24th. Wedbush boosted their price target on shares of Domino’s Pizza from $430.00 to $445.00 and gave the stock an “outperform” rating in a research report on Monday, July 24th. Stephens restated an “equal weight” rating and issued a $365.00 price target on shares of Domino’s Pizza in a research report on Monday, July 24th. Robert W. Baird boosted their price target on shares of Domino’s Pizza from $360.00 to $390.00 in a research report on Tuesday, July 25th. Finally, Citigroup boosted their price target on shares of Domino’s Pizza from $405.00 to $431.00 and gave the stock a “neutral” rating in a research report on Monday, July 24th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $389.17.
Check Out Our Latest Stock Analysis on Domino’s Pizza
Insider Buying and Selling
In related news, EVP Cynthia A. Headen sold 382 shares of the business’s stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $400.00, for a total value of $152,800.00. Following the transaction, the executive vice president now directly owns 4,333 shares of the company’s stock, valued at approximately $1,733,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.76% of the stock is owned by insiders.
Domino’s Pizza Profile
Domino's Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. The company operates through three segments: U.S. Stores, International Franchise, and Supply Chain. It offers pizzas under the Domino's brand name through company-owned and franchised stores.
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