Geode Capital Management LLC Lowers Stock Position in Domino’s Pizza Inc $DPZ

Geode Capital Management LLC trimmed its holdings in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 0.2% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 1,055,621 shares of the restaurant operator’s stock after selling 1,886 shares during the quarter. Geode Capital Management LLC’s holdings in Domino’s Pizza were worth $478,165,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. RMG Wealth Management LLC bought a new stake in Domino’s Pizza during the 2nd quarter valued at $25,000. Zions Bancorporation National Association UT bought a new position in shares of Domino’s Pizza in the 1st quarter worth $27,000. Signature Resources Capital Management LLC purchased a new stake in shares of Domino’s Pizza during the 2nd quarter worth $29,000. Mid American Wealth Advisory Group Inc. bought a new stake in Domino’s Pizza during the second quarter valued at about $31,000. Finally, Atlantic Union Bankshares Corp purchased a new position in Domino’s Pizza in the second quarter valued at about $34,000. Institutional investors own 94.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Benchmark raised their price target on shares of Domino’s Pizza from $535.00 to $540.00 and gave the company a “buy” rating in a report on Tuesday, July 22nd. UBS Group restated a “buy” rating and issued a $540.00 target price on shares of Domino’s Pizza in a research note on Tuesday, July 22nd. Bank of America raised their price objective on Domino’s Pizza from $514.00 to $536.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Mizuho raised Domino’s Pizza to a “strong-buy” rating in a research report on Tuesday, October 28th. Finally, Jefferies Financial Group lowered their price target on Domino’s Pizza from $490.00 to $455.00 and set a “hold” rating for the company in a report on Monday, October 13th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $490.32.

Domino’s Pizza Price Performance

Shares of DPZ stock opened at $410.16 on Friday. Domino’s Pizza Inc has a 1 year low of $392.89 and a 1 year high of $500.55. The firm has a market capitalization of $13.86 billion, a price-to-earnings ratio of 23.97, a price-to-earnings-growth ratio of 2.15 and a beta of 1.09. The business has a fifty day moving average of $421.99 and a 200 day moving average of $449.56.

Domino’s Pizza (NASDAQ:DPZ) last issued its earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the firm earned $4.19 earnings per share. Domino’s Pizza’s revenue for the quarter was up 6.2% on a year-over-year basis. As a group, equities research analysts expect that Domino’s Pizza Inc will post 16.74 earnings per share for the current year.

Domino’s Pizza Announces Dividend

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

Insider Transactions at Domino’s Pizza

In other Domino’s Pizza news, Director James A. Goldman sold 1,000 shares of the company’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $451.49, for a total value of $451,490.00. Following the sale, the director directly owned 3,384 shares of the company’s stock, valued at approximately $1,527,842.16. This represents a 22.81% decrease in their ownership of the stock. The transaction 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 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.