Caisse de depot et placement du Quebec Acquires Shares of 54,226 Domino’s Pizza Inc $DPZ

Caisse de depot et placement du Quebec acquired a new stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 54,226 shares of the restaurant operator’s stock, valued at approximately $16,053,000. Caisse de depot et placement du Quebec owned about 0.16% of Domino’s Pizza at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Man Group plc purchased a new position in shares of Domino’s Pizza in the second quarter worth $3,838,000. Jupiter Topco LLC purchased a new position in Domino’s Pizza during the second quarter valued at $1,106,000. Hsbc Holdings PLC bought a new stake in Domino’s Pizza in the 2nd quarter valued at $21,004,000. EFG International AG bought a new stake in Domino’s Pizza in the 2nd quarter valued at $51,000. Finally, PDT Partners LLC purchased a new stake in Domino’s Pizza in the 2nd quarter worth $13,723,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Insider Activity

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 12,430 shares of the business’s stock in a transaction that occurred on Wednesday, July 22nd. The stock was sold at an average price of $322.04, for a total transaction 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. The trade was a 57.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Russell J. Weiner sold 10,850 shares of the business’s stock in a transaction that occurred on Friday, July 17th. The stock was sold at an average price of $330.83, for a total value of $3,589,505.50. Following the sale, the chief executive officer directly owned 43,829 shares in the company, valued at $14,499,948.07. The trade was a 19.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 24,254 shares of company stock valued at $7,888,924. 0.89% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have commented on DPZ. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Domino’s Pizza from $435.00 to $385.00 and set a “buy” rating for the company in a report on Thursday, July 9th. BMO Capital Markets reduced their target price on Domino’s Pizza from $450.00 to $420.00 and set an “outperform” rating on the stock in a report on Tuesday, July 21st. Citigroup decreased their target price on Domino’s Pizza from $365.00 to $335.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 7th. TD Cowen increased their price target on Domino’s Pizza from $295.00 to $310.00 and gave the company a “hold” rating in a research note on Monday, July 20th. Finally, Wells Fargo & Company raised their price target on Domino’s Pizza from $325.00 to $350.00 and gave the company an “equal weight” rating in a report on Tuesday, July 21st. Sixteen research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Domino’s Pizza presently has a consensus rating of “Hold” and a consensus target price of $397.42.

Domino’s Pizza Stock Up 5.4%

DPZ stock opened at $350.00 on Friday. Domino’s Pizza Inc has a 52 week low of $282.00 and a 52 week high of $469.00. The company has a fifty day simple moving average of $328.60 and a two-hundred day simple moving average of $345.64. The firm has a market capitalization of $11.58 billion, a P/E ratio of 19.85, a price-to-earnings-growth ratio of 1.60 and a beta of 0.94.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings data on Monday, July 20th. The restaurant operator reported $4.07 EPS for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.10). Domino’s Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.The business had revenue of $1.19 billion during the quarter. During the same period in the prior year, the firm earned $3.81 earnings per share. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. As a group, analysts anticipate that Domino’s Pizza Inc will post 18.89 EPS for the current year.

Domino’s Pizza Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $1.99 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.3%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 45.15%.

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.