Danske Bank A S Invests $4.34 Million in Domino’s Pizza Inc $DPZ

Danske Bank A S purchased a new stake in Domino’s Pizza Inc (NASDAQ:DPZ) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 14,664 shares of the restaurant operator’s stock, valued at approximately $4,341,000.

A number of other institutional investors also recently modified their holdings of the business. Soroban Capital Partners LP purchased a new stake in shares of Domino’s Pizza during the 1st quarter valued at $895,251,000. BlackRock Inc. bought a new stake in shares of Domino’s Pizza during the second quarter valued at approximately $715,704,000. Northwestern Mutual Wealth Management Co. grew its stake in Domino’s Pizza by 21,977.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 914,672 shares of the restaurant operator’s stock worth $381,254,000 after purchasing an additional 910,529 shares during the period. Norges Bank purchased a new stake in Domino’s Pizza in the fourth quarter worth $285,116,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Domino’s Pizza by 247.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 527,246 shares of the restaurant operator’s stock worth $189,171,000 after purchasing an additional 375,709 shares in the last quarter. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Domino’s Pizza Trading Up 2.2%

NASDAQ:DPZ opened at $341.85 on Friday. The firm has a market cap of $11.31 billion, a P/E ratio of 19.39, a price-to-earnings-growth ratio of 1.61 and a beta of 0.94. The stock has a 50 day moving average of $325.62 and a two-hundred day moving average of $347.56. Domino’s Pizza Inc has a 12 month low of $282.00 and a 12 month high of $469.00.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings results on Monday, July 20th. The restaurant operator reported $4.07 EPS for the quarter, missing the consensus estimate of $4.17 by ($0.10). The firm had revenue of $1.19 billion for the quarter. Domino’s Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period last year, the firm earned $3.81 EPS. On average, research analysts forecast that Domino’s Pizza Inc will post 18.88 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $1.99 per share. The ex-dividend date is Tuesday, September 15th. This represents a $7.96 dividend on an annualized basis and a yield of 2.3%. Domino’s Pizza’s payout ratio is presently 45.15%.

Insider Activity

In other news, CEO Russell J. Weiner sold 10,850 shares of the company’s stock in a transaction that occurred on Friday, July 17th. The stock was sold at an average price of $330.83, for a total value of $3,589,505.50. Following the completion of the sale, the chief executive officer directly owned 43,829 shares in the company, valued at $14,499,948.07. This represents a 19.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Kelly E. Garcia sold 12,430 shares of the stock in a transaction that occurred on Wednesday, July 22nd. The shares were sold at an average price of $322.04, for a total value of $4,002,957.20. Following the completion of the sale, the executive vice president directly owned 9,352 shares of the company’s stock, valued at approximately $3,011,718.08. This represents a 57.07% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 24,254 shares of company stock valued at $7,888,924. 0.89% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have commented on DPZ shares. KeyCorp reiterated a “sector weight” rating on shares of Domino’s Pizza in a research note on Tuesday, July 21st. UBS Group reiterated a “buy” rating on shares of Domino’s Pizza in a research report on Tuesday, July 21st. DA Davidson reduced their price objective on shares of Domino’s Pizza from $436.00 to $423.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Mizuho dropped their price objective on Domino’s Pizza from $470.00 to $420.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 28th. Finally, Morgan Stanley reduced their price objective on shares of Domino’s Pizza from $395.00 to $370.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 15th. Seventeen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $397.42.

Domino’s Pizza Profile

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.