Forsta AP Fonden Reduces Holdings in Domino’s Pizza Inc $DPZ

Forsta AP Fonden lowered its stake in Domino’s Pizza Inc (NASDAQ:DPZ) by 19.6% during the second quarter, Holdings Channel.com reports. The institutional investor owned 7,800 shares of the restaurant operator’s stock after selling 1,900 shares during the period. Forsta AP Fonden’s holdings in Domino’s Pizza were worth $3,515,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. HighPoint Advisor Group LLC increased its position in Domino’s Pizza by 3.2% during the first quarter. HighPoint Advisor Group LLC now owns 672 shares of the restaurant operator’s stock worth $332,000 after buying an additional 21 shares in the last quarter. AGP Franklin LLC boosted its stake in shares of Domino’s Pizza by 0.4% during the first quarter. AGP Franklin LLC now owns 5,128 shares of the restaurant operator’s stock valued at $2,403,000 after acquiring an additional 21 shares during the last quarter. Nissay Asset Management Corp Japan ADV boosted its stake in shares of Domino’s Pizza by 0.5% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 4,162 shares of the restaurant operator’s stock valued at $1,912,000 after acquiring an additional 21 shares during the last quarter. Compound Planning Inc. increased its position in Domino’s Pizza by 4.1% during the 1st quarter. Compound Planning Inc. now owns 562 shares of the restaurant operator’s stock worth $258,000 after purchasing an additional 22 shares in the last quarter. Finally, CX Institutional raised its stake in Domino’s Pizza by 6.7% in the 2nd quarter. CX Institutional now owns 382 shares of the restaurant operator’s stock valued at $172,000 after purchasing an additional 24 shares during the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Insider Buying and Selling at Domino’s Pizza

In other news, Director James A. Goldman sold 1,000 shares of the business’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $451.49, for a total transaction of $451,490.00. Following the completion of the sale, the director owned 3,384 shares in the company, valued at approximately $1,527,842.16. The trade was a 22.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.83% of the stock is owned by corporate insiders.

Domino’s Pizza Stock Up 0.4%

Shares of NASDAQ DPZ opened at $410.16 on Friday. Domino’s Pizza Inc has a 52-week low of $392.89 and a 52-week high of $500.55. The firm has a fifty day moving average of $421.99 and a 200-day moving average of $449.56. The stock has a market capitalization of $13.86 billion, a PE ratio of 23.97, a P/E/G ratio of 2.15 and a beta of 1.09.

Domino’s Pizza (NASDAQ:DPZ) last issued its earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 earnings per share for the quarter, topping the consensus estimate of $3.96 by $0.12. Domino’s Pizza had a negative return on equity of 14.91% and a net margin of 12.16%.The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the company posted $4.19 EPS. The business’s quarterly revenue was up 6.2% on a year-over-year basis. Equities research analysts expect that Domino’s Pizza Inc will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Monday, December 15th will be issued a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Monday, December 15th. Domino’s Pizza’s dividend payout ratio (DPR) is 40.68%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Royal Bank Of Canada reduced their target price on shares of Domino’s Pizza from $500.00 to $450.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 15th. Loop Capital boosted their price objective on shares of Domino’s Pizza from $564.00 to $574.00 and gave the company a “buy” rating in a research report on Tuesday, July 22nd. Barclays reduced their price objective on shares of Domino’s Pizza from $425.00 to $405.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 8th. Jefferies Financial Group lowered their target price on shares of Domino’s Pizza from $490.00 to $455.00 and set a “hold” rating for the company in a research note on Monday, October 13th. Finally, Mizuho upgraded Domino’s Pizza to a “strong-buy” rating in a report on Tuesday, October 28th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Domino’s Pizza currently has a consensus rating of “Moderate Buy” and a consensus price target of $490.32.

Domino’s Pizza Company Profile

Domino’s Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. The company operates through three segments: U.S. Stores, International Franchise, and Supply Chain. It offers pizzas under the Domino’s brand name through company-owned and franchised stores.