Domino’s Pizza Inc (DPZ) Stake Reduced by Canada Pension Plan Investment Board
Canada Pension Plan Investment Board reduced its position in Domino’s Pizza Inc (NYSE:DPZ) by 18.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,300 shares of the restaurant operator’s stock after selling 7,300 shares during the period. Canada Pension Plan Investment Board owned approximately 0.06% of Domino’s Pizza worth $6,621,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of DPZ. IHT Wealth Management LLC raised its position in shares of Domino’s Pizza by 19.5% in the first quarter. IHT Wealth Management LLC now owns 569 shares of the restaurant operator’s stock worth $105,000 after buying an additional 93 shares during the period. TrimTabs Asset Management LLC raised its position in shares of Domino’s Pizza by 88.4% in the first quarter. TrimTabs Asset Management LLC now owns 682 shares of the restaurant operator’s stock worth $126,000 after buying an additional 320 shares during the period. Whittier Trust Co. of Nevada Inc. raised its position in shares of Domino’s Pizza by 115.4% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 687 shares of the restaurant operator’s stock worth $145,000 after buying an additional 368 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of Domino’s Pizza during the second quarter worth about $160,000. Finally, MCF Advisors LLC raised its position in shares of Domino’s Pizza by 0.5% in the first quarter. MCF Advisors LLC now owns 879 shares of the restaurant operator’s stock worth $162,000 after buying an additional 4 shares during the period. 99.37% of the stock is owned by institutional investors and hedge funds.
Domino’s Pizza Inc (NYSE:DPZ) opened at 188.66 on Monday. The firm’s 50-day moving average price is $199.93 and its 200-day moving average price is $193.99. Domino’s Pizza Inc has a 52 week low of $145.00 and a 52 week high of $221.58. The company has a market capitalization of $9.10 billion, a price-to-earnings ratio of 37.49 and a beta of 0.35.
Domino’s Pizza (NYSE:DPZ) last released its earnings results on Tuesday, July 25th. The restaurant operator reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.09. Domino’s Pizza had a net margin of 9.40% and a negative return on equity of 13.28%. The firm had revenue of $628.61 million during the quarter, compared to analyst estimates of $609.87 million. During the same quarter in the previous year, the business earned $0.98 EPS. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. On average, equities analysts expect that Domino’s Pizza Inc will post $5.71 earnings per share for the current year.
Domino’s Pizza declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, August 2nd that permits the company to repurchase $1.25 billion in shares. This repurchase authorization permits the restaurant operator to buy up to 13.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend is Thursday, September 14th. Domino’s Pizza’s dividend payout ratio (DPR) is 36.65%.
ILLEGAL ACTIVITY WARNING: This story was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this story on another publication, it was copied illegally and reposted in violation of United States and international copyright and trademark legislation. The legal version of this story can be accessed at https://www.thecerbatgem.com/2017/08/21/dominos-pizza-inc-dpz-stake-reduced-by-canada-pension-plan-investment-board.html.
A number of equities analysts recently issued reports on the company. Wells Fargo & Company assumed coverage on Domino’s Pizza in a report on Tuesday, May 23rd. They issued a “market perform” rating and a $210.00 price objective for the company. BidaskClub lowered Domino’s Pizza from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Stephens raised Domino’s Pizza from an “equal weight” rating to an “overweight” rating and decreased their price objective for the stock from $210.00 to $185.00 in a report on Wednesday, July 26th. Maxim Group increased their price objective on Domino’s Pizza from $186.00 to $200.00 and gave the stock a “hold” rating in a report on Thursday, June 1st. Finally, Bank of America Corporation increased their price objective on Domino’s Pizza from $210.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, June 13th. Eleven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $195.38.
Domino’s Pizza Company Profile
Domino’s Pizza, Inc is a pizza restaurant chain company. As of January 1, 2017, the Company operated in over 13,800 locations in over 85 markets around the world. The Company operates through three segments: domestic stores, international franchise and supply chain. Its basic menu features pizza products in various sizes and crust types.
Want to see what other hedge funds are holding DPZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Domino’s Pizza Inc (NYSE:DPZ).
Receive News & Stock Ratings for Domino's Pizza Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Domino's Pizza Inc and related stocks with our FREE daily email newsletter.