Kennon Green & Company LLC Purchases Shares of 2,770 Domino’s Pizza Inc $DPZ

Kennon Green & Company LLC purchased a new stake in Domino’s Pizza Inc (NASDAQ:DPZ) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 2,770 shares of the restaurant operator’s stock, valued at approximately $1,155,000. Domino’s Pizza comprises 0.9% of Kennon Green & Company LLC’s portfolio, making the stock its 26th largest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Berkshire Hathaway Inc increased its position in Domino’s Pizza by 13.2% in the 3rd quarter. Berkshire Hathaway Inc now owns 2,981,945 shares of the restaurant operator’s stock valued at $1,287,335,000 after acquiring an additional 348,077 shares during the period. Geode Capital Management LLC increased its position in Domino’s Pizza by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 1,026,391 shares of the restaurant operator’s stock valued at $432,033,000 after acquiring an additional 19,019 shares during the period. Invesco Ltd. increased its position in Domino’s Pizza by 9.3% in the 3rd quarter. Invesco Ltd. now owns 919,830 shares of the restaurant operator’s stock valued at $397,100,000 after acquiring an additional 78,594 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in Domino’s Pizza by 21,977.5% in the 4th 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. Finally, Marshfield Associates increased its position in Domino’s Pizza by 4.0% in the 3rd quarter. Marshfield Associates now owns 744,515 shares of the restaurant operator’s stock valued at $321,415,000 after acquiring an additional 28,765 shares during the period. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Domino’s Pizza Stock Performance

NASDAQ:DPZ opened at $306.77 on Thursday. The firm’s fifty day moving average is $341.11 and its 200-day moving average is $383.80. Domino’s Pizza Inc has a 52 week low of $297.48 and a 52 week high of $496.00. The firm has a market cap of $10.20 billion, a P/E ratio of 17.66, a P/E/G ratio of 1.42 and a beta of 0.97.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings data on Monday, April 27th. The restaurant operator reported $4.13 EPS for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.16). Domino’s Pizza had a net margin of 11.89% and a negative return on equity of 15.04%. The firm had revenue of $1.15 billion during the quarter. During the same quarter in the prior year, the company posted $4.33 earnings per share. The business’s revenue was up 3.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Domino’s Pizza Inc will post 19.14 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $1.99 per share. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Monday, June 15th. Domino’s Pizza’s payout ratio is presently 45.83%.

Insider Activity

In related news, EVP Kelly E. Garcia sold 488 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $313.16, for a total transaction of $152,822.08. Following the transaction, the executive vice president owned 9,352 shares in the company, valued at $2,928,672.32. The trade was a 4.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.89% of the stock is owned by insiders.

Analyst Ratings Changes

DPZ has been the subject of several recent research reports. Piper Sandler decreased their price target on shares of Domino’s Pizza from $421.00 to $359.00 and set a “neutral” rating for the company in a research report on Monday, April 27th. DA Davidson decreased their price target on shares of Domino’s Pizza from $436.00 to $423.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Sanford C. Bernstein decreased their price target on shares of Domino’s Pizza from $470.00 to $390.00 and set a “market perform” rating for the company in a research report on Tuesday, April 28th. JPMorgan Chase & Co. decreased their price target on shares of Domino’s Pizza from $450.00 to $440.00 and set an “overweight” rating for the company in a research report on Friday, April 24th. Finally, William Blair set a $540.00 price objective on shares of Domino’s Pizza in a research note on Monday, February 23rd. Seventeen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $418.13.

Domino’s Pizza Company 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.