Pensionfund Sabic Buys Shares of 2,400 Domino’s Pizza Inc $DPZ

Pensionfund Sabic purchased a new stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 2,400 shares of the restaurant operator’s stock, valued at approximately $1,000,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of DPZ. Johnson Financial Group Inc. increased its holdings in Domino’s Pizza by 200.0% during the 3rd quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 56 shares during the period. CYBER HORNET ETFs LLC purchased a new stake in Domino’s Pizza in the 2nd quarter worth approximately $42,000. MUFG Securities EMEA plc bought a new position in Domino’s Pizza in the 2nd quarter valued at $46,000. Smartleaf Asset Management LLC grew its position in shares of Domino’s Pizza by 64.2% during the 3rd quarter. Smartleaf Asset Management LLC now owns 110 shares of the restaurant operator’s stock valued at $48,000 after purchasing an additional 43 shares in the last quarter. Finally, Activest Wealth Management grew its position in shares of Domino’s Pizza by 411.5% during the 3rd quarter. Activest Wealth Management now owns 133 shares of the restaurant operator’s stock valued at $58,000 after purchasing an additional 107 shares in the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Citigroup increased their price objective on Domino’s Pizza from $420.00 to $440.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 24th. Royal Bank Of Canada restated a “sector perform” rating and set a $425.00 target price on shares of Domino’s Pizza in a research report on Tuesday, February 24th. TD Cowen restated a “hold” rating and issued a $460.00 target price on shares of Domino’s Pizza in a research note on Monday, February 23rd. William Blair set a $540.00 price target on Domino’s Pizza in a report on Monday, February 23rd. Finally, Barclays dropped their price target on Domino’s Pizza from $405.00 to $370.00 and set an “underweight” rating for the company in a research report on Wednesday, January 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Domino’s Pizza currently has an average rating of “Hold” and a consensus price target of $475.71.

Domino’s Pizza Stock Performance

NASDAQ DPZ opened at $362.53 on Thursday. Domino’s Pizza Inc has a 52-week low of $359.06 and a 52-week high of $499.08. The company has a fifty day moving average of $394.95 and a 200-day moving average of $411.58. The company has a market capitalization of $12.19 billion, a P/E ratio of 20.63, a P/E/G ratio of 1.55 and a beta of 1.16.

Domino’s Pizza (NASDAQ:DPZ) last released its earnings results on Monday, February 23rd. The restaurant operator reported $5.35 EPS for the quarter, missing analysts’ consensus estimates of $5.38 by ($0.03). Domino’s Pizza had a net margin of 12.18% and a negative return on equity of 15.28%. The firm had revenue of $1.54 billion during the quarter. During the same quarter in the previous year, the company posted $4.89 earnings per share. The firm’s revenue was up 6.4% compared to the same quarter last year. As a group, analysts forecast that Domino’s Pizza Inc will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, March 13th will be given a dividend of $1.99 per share. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.74. The ex-dividend date is Friday, March 13th. This represents a $7.96 annualized dividend and a dividend yield of 2.2%. Domino’s Pizza’s dividend payout ratio is currently 45.30%.

About Domino’s Pizza

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.