Deutsche Bank AG Invests $58.77 Million in Domino’s Pizza Inc $DPZ

Deutsche Bank AG purchased a new stake in Domino’s Pizza Inc (NASDAQ:DPZ) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 198,523 shares of the restaurant operator’s stock, valued at approximately $58,771,000. Deutsche Bank AG owned 0.60% of Domino’s Pizza at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Soroban Capital Partners LP acquired a new stake in shares of Domino’s Pizza during the first quarter worth $895,251,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of 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 valued at $381,254,000 after acquiring an additional 910,529 shares during the period. Norges Bank acquired a new position in shares of Domino’s Pizza in the fourth quarter valued at about $285,116,000. Arrowstreet Capital Limited Partnership grew its stake in shares of 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 valued at $189,171,000 after acquiring an additional 375,709 shares in the last quarter. Finally, Berkshire Hathaway Inc increased its position in Domino’s Pizza by 12.3% during the fourth quarter. Berkshire Hathaway Inc now owns 3,350,000 shares of the restaurant operator’s stock worth $1,396,347,000 after acquiring an additional 368,055 shares during the period. 94.63% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Domino’s Pizza

In related news, EVP Kelly E. Garcia sold 12,430 shares of the firm’s stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $322.04, for a total value of $4,002,957.20. Following the sale, the executive vice president directly owned 9,352 shares of the company’s stock, valued at $3,011,718.08. This trade represents a 57.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Russell J. Weiner sold 10,850 shares of Domino’s Pizza stock in a transaction dated 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 owned 43,829 shares in the company, valued at approximately $14,499,948.07. This represents a 19.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 24,254 shares of company stock valued at $7,888,924 over the last 90 days. Corporate insiders own 0.89% of the company’s stock.

Domino’s Pizza Stock Down 0.6%

Shares of Domino’s Pizza stock opened at $334.37 on Friday. Domino’s Pizza Inc has a 12-month low of $282.00 and a 12-month high of $469.00. The company has a market capitalization of $11.06 billion, a price-to-earnings ratio of 18.97, a PEG ratio of 1.62 and a beta of 0.94. The firm’s 50-day moving average price is $325.26 and its two-hundred day moving average price is $347.60.

Domino’s Pizza (NASDAQ:DPZ) last issued its 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 during the quarter. Domino’s Pizza had a net margin of 11.86% and a negative return on equity of 15.15%. The company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the firm earned $3.81 EPS. On average, sell-side analysts expect that Domino’s Pizza Inc will post 18.88 earnings per share 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. Shareholders of record on Tuesday, September 15th will be paid a dividend of $1.99 per share. The ex-dividend date is Tuesday, September 15th. This represents a $7.96 annualized dividend and a yield of 2.4%. Domino’s Pizza’s dividend payout ratio is presently 45.15%.

Analyst Ratings Changes

Several analysts have weighed in on DPZ shares. Northcoast Research dropped their price objective on shares of Domino’s Pizza from $525.00 to $445.00 and set a “buy” rating for the company in a research note on Tuesday, April 28th. Barclays lowered their target price on shares of Domino’s Pizza from $370.00 to $315.00 and set an “underweight” rating on the stock in a report on Monday, April 27th. Robert W. Baird dropped their price target on shares of Domino’s Pizza from $400.00 to $350.00 and set an “outperform” rating for the company in a research report on Tuesday, June 23rd. BMO Capital Markets cut their price target on Domino’s Pizza from $450.00 to $420.00 and set an “outperform” rating for the company in a research note on Tuesday, July 21st. Finally, Benchmark reissued a “buy” rating on shares of Domino’s Pizza in a research report on Tuesday, July 21st. Seventeen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Domino’s Pizza has a consensus rating of “Moderate Buy” and an average price target of $397.42.

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.