Great Lakes Advisors LLC trimmed its stake in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 15.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,853 shares of the restaurant operator’s stock after selling 1,392 shares during the quarter. Great Lakes Advisors LLC’s holdings in Domino’s Pizza were worth $3,663,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Pershing Square Capital Management L.P. purchased a new stake in shares of Domino’s Pizza in the 1st quarter valued at approximately $748,712,000. Bessemer Group Inc. lifted its holdings in Domino’s Pizza by 43,070.2% during the 2nd quarter. Bessemer Group Inc. now owns 284,923 shares of the restaurant operator’s stock worth $132,915,000 after buying an additional 284,263 shares during the last quarter. First Manhattan Co. boosted its position in shares of Domino’s Pizza by 1,867,093.3% during the 1st quarter. First Manhattan Co. now owns 280,079 shares of the restaurant operator’s stock worth $103,010,000 after acquiring an additional 280,064 shares in the last quarter. UBS Asset Management Americas Inc. increased its holdings in shares of Domino’s Pizza by 120.0% in the 1st quarter. UBS Asset Management Americas Inc. now owns 371,008 shares of the restaurant operator’s stock valued at $136,453,000 after acquiring an additional 202,340 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Domino’s Pizza by 14.5% during the first quarter. Principal Financial Group Inc. now owns 1,178,415 shares of the restaurant operator’s stock worth $433,410,000 after purchasing an additional 149,584 shares during the last quarter. Institutional investors own 94.37% of the company’s stock.
Shares of DPZ opened at $489.84 on Friday. Domino’s Pizza, Inc. has a twelve month low of $319.71 and a twelve month high of $548.72. The firm has a market capitalization of $18.05 billion, a P/E ratio of 39.50, a PEG ratio of 3.14 and a beta of 0.47. The firm’s 50-day moving average is $514.41 and its two-hundred day moving average is $452.68.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 30th. Stockholders of record on Wednesday, September 15th will be given a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Tuesday, September 14th. Domino’s Pizza’s dividend payout ratio is currently 31.31%.
In other news, COO Russell J. Weiner sold 54,130 shares of the business’s stock in a transaction on Wednesday, August 4th. The stock was sold at an average price of $537.71, for a total value of $29,106,242.30. Following the completion of the transaction, the chief operating officer now directly owns 64,583 shares of the company’s stock, valued at $34,726,924.93. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Jessica L. Parrish sold 100 shares of Domino’s Pizza stock in a transaction dated Thursday, July 29th. The stock was sold at an average price of $530.00, for a total value of $53,000.00. Following the sale, the vice president now owns 1,036 shares of the company’s stock, valued at approximately $549,080. The disclosure for this sale can be found here. Insiders have sold a total of 68,710 shares of company stock valued at $36,825,534 in the last ninety days. Corporate insiders own 1.32% of the company’s stock.
Several research analysts have recently issued reports on the stock. BMO Capital Markets upped their target price on shares of Domino’s Pizza from $410.00 to $500.00 and gave the company a “market perform” rating in a report on Friday, July 23rd. Wells Fargo & Company boosted their target price on Domino’s Pizza from $420.00 to $446.00 and gave the company an “equal weight” rating in a report on Wednesday, July 14th. Citigroup downgraded Domino’s Pizza from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 6th. MKM Partners boosted their price objective on Domino’s Pizza from $465.00 to $500.00 and gave the company a “neutral” rating in a research note on Friday, July 23rd. They noted that the move was a valuation call. Finally, Stifel Nicolaus raised their target price on shares of Domino’s Pizza from $435.00 to $485.00 and gave the stock a “hold” rating in a research report on Monday, July 19th. Sixteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $495.39.
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 of primarily of franchise operations. The International Franchise segment comprises a network of franchised stores.
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