National Pension Service Sells 4,009 Shares of Domino’s Pizza Inc $DPZ

National Pension Service cut its holdings in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 76.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,202 shares of the restaurant operator’s stock after selling 4,009 shares during the quarter. National Pension Service’s holdings in Domino’s Pizza were worth $356,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DPZ. SHP Wealth Management bought a new stake in shares of Domino’s Pizza in the fourth quarter valued at approximately $25,000. Rakuten Securities Inc. purchased a new stake in shares of Domino’s Pizza during the 2nd quarter valued at approximately $28,000. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in Domino’s Pizza by 97.1% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock worth $29,000 after buying an additional 34 shares during the period. Investors Research Corp boosted its holdings in Domino’s Pizza by 9,900.0% in the 2nd quarter. Investors Research Corp now owns 100 shares of the restaurant operator’s stock worth $30,000 after buying an additional 99 shares during the period. Finally, MBM Wealth Consultants LLC purchased a new position in Domino’s Pizza in the 1st quarter valued at approximately $31,000. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Stock Performance

DPZ opened at $311.60 on Monday. The stock has a 50-day moving average price of $336.15 and a 200-day moving average price of $341.87. Domino’s Pizza Inc has a 12-month low of $282.00 and a 12-month high of $458.27. The stock has a market capitalization of $10.31 billion, a P/E ratio of 17.67, a PEG ratio of 1.44 and a beta of 0.94.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings data on Monday, July 20th. The restaurant operator reported $4.07 earnings per share for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.10). The firm had revenue of $1.19 billion for 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% compared to the same quarter last year. During the same quarter last year, the company posted $3.81 earnings per share. On average, equities research analysts predict that Domino’s Pizza Inc will post 18.88 EPS for the current year.

Domino’s Pizza Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $1.99 dividend. This represents a $7.96 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Tuesday, September 15th. Domino’s Pizza’s dividend payout ratio (DPR) is 45.15%.

Insider Transactions at Domino’s Pizza

In related news, CEO Russell J. Weiner sold 10,850 shares of the 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 directly owned 43,829 shares of the company’s stock, valued at $14,499,948.07. This represents a 19.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Kelly E. Garcia sold 12,430 shares of Domino’s Pizza stock in a transaction that occurred on Wednesday, July 22nd. The shares were 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 in the company, valued at approximately $3,011,718.08. The trade was a 57.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 23,767 shares of company stock worth $7,737,107. 0.89% of the stock is owned by company insiders.

Analyst Ratings Changes

DPZ has been the topic of a number of analyst reports. BTIG Research reissued a “buy” rating and set a $425.00 target price on shares of Domino’s Pizza in a report on Tuesday, July 21st. Sanford C. Bernstein reiterated a “market perform” rating on shares of Domino’s Pizza in a research report on Tuesday, July 21st. Citigroup dropped their price objective on Domino’s Pizza from $365.00 to $335.00 and set a “neutral” rating on the stock in a report on Tuesday, July 7th. KeyCorp reaffirmed a “sector weight” rating on shares of Domino’s Pizza in a report on Tuesday, July 21st. Finally, Loop Capital reiterated a “hold” rating and set a $353.00 price target on shares of Domino’s Pizza in a research report on Monday, August 10th. Sixteen research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $398.06.

About Domino’s Pizza

Domino’s Pizza, Inc is a global restaurant company that operates and franchises stores under the Domino’s brand. Its core business centers on the preparation and delivery of made-to-order pizzas, with carryout and digital ordering also playing important roles in its customer service model.

The company’s menu includes a variety of pizzas, crusts and toppings, along with side dishes, chicken, sandwiches, desserts and beverages. Domino’s also operates a supply chain business that produces and distributes food, equipment and other products to company-owned and franchised stores, supporting consistency across its restaurant network.

Founded in 1960 in Ypsilanti, Michigan, Domino’s was initially known as Dominick’s before adopting its current name in 1965.