The Manufacturers Life Insurance Company Takes Position in Domino’s Pizza Inc $DPZ

The Manufacturers Life Insurance Company purchased a new position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 21,573 shares of the restaurant operator’s stock, valued at approximately $6,386,000. The Manufacturers Life Insurance Company owned about 0.07% of Domino’s Pizza as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Jump Financial LLC acquired a new position in Domino’s Pizza during the 2nd quarter valued at about $3,183,000. Investment Management Corp of Ontario increased its stake in shares of Domino’s Pizza by 68.3% in the second quarter. Investment Management Corp of Ontario now owns 1,594 shares of the restaurant operator’s stock valued at $718,000 after purchasing an additional 647 shares during the period. Sei Investments Co. raised its holdings in shares of Domino’s Pizza by 21.7% during the second quarter. Sei Investments Co. now owns 80,964 shares of the restaurant operator’s stock valued at $36,480,000 after buying an additional 14,452 shares during the last quarter. Glenview Trust co raised its holdings in shares of Domino’s Pizza by 36.9% during the second quarter. Glenview Trust co now owns 1,135 shares of the restaurant operator’s stock valued at $511,000 after buying an additional 306 shares during the last quarter. Finally, HUB Investment Partners LLC boosted its position in shares of Domino’s Pizza by 17.3% during the second quarter. HUB Investment Partners LLC now owns 1,322 shares of the restaurant operator’s stock worth $596,000 after buying an additional 195 shares during the period. 94.63% of the stock is currently owned by institutional investors.

Insider Activity at Domino’s Pizza

In related news, EVP Kelly E. Garcia sold 12,430 shares of the firm’s stock in a transaction that occurred on Wednesday, July 22nd. The shares were sold at an average price of $322.04, for a total transaction of $4,002,957.20. Following the completion of the sale, the executive vice president directly owned 9,352 shares in the company, valued at approximately $3,011,718.08. This trade represents a 57.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Russell J. Weiner sold 10,850 shares of the company’s stock in a transaction on Friday, July 17th. The shares were sold at an average price of $330.83, for a total value of $3,589,505.50. Following the completion of the transaction, 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 position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 24,254 shares of company stock valued at $7,888,924. Company insiders own 0.89% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Domino’s Pizza in a research report on Wednesday. Benchmark reissued a “buy” rating on shares of Domino’s Pizza in a report on Tuesday, July 21st. Citigroup cut their price objective on shares of Domino’s Pizza from $365.00 to $335.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 7th. Oppenheimer reduced their price objective on shares of Domino’s Pizza from $465.00 to $415.00 and set an “outperform” rating for the company in a report on Tuesday, July 21st. Finally, Loop Capital reiterated a “hold” rating and issued a $353.00 target price on shares of Domino’s Pizza in a research report on Monday, August 10th. Sixteen equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $397.42.

Domino’s Pizza Price Performance

NASDAQ:DPZ opened at $350.00 on Monday. The business’s 50-day moving average price is $328.60 and its 200 day moving average price is $345.31. Domino’s Pizza Inc has a 52-week low of $282.00 and a 52-week high of $469.00. The firm has a market cap of $11.58 billion, a P/E ratio of 19.85, a PEG ratio of 1.69 and a beta of 0.94.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings results on Monday, July 20th. The restaurant operator reported $4.07 earnings per share for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.10). Domino’s Pizza had a net margin of 11.86% and a negative return on equity of 15.15%. The business had revenue of $1.19 billion during the quarter. During the same period last year, the firm earned $3.81 earnings per share. The company’s revenue was up 4.3% compared to the same quarter last year. Sell-side analysts expect that Domino’s Pizza Inc will post 18.89 EPS for the current year.

Domino’s Pizza Dividend Announcement

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

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.