Copeland Capital Management LLC Has $26 Million Position in Domino’s Pizza Inc $DPZ

Copeland Capital Management LLC reduced its position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 6.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,378 shares of the restaurant operator’s stock after selling 4,130 shares during the period. Copeland Capital Management LLC’s holdings in Domino’s Pizza were worth $26,001,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of DPZ. Johnson Financial Group Inc. boosted its position in Domino’s Pizza by 200.0% during the third quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 56 shares during the last quarter. MUFG Securities EMEA plc acquired a new position in Domino’s Pizza during the second quarter valued at approximately $46,000. Smartleaf Asset Management LLC boosted its position in Domino’s Pizza by 64.2% during the third quarter. Smartleaf Asset Management LLC now owns 110 shares of the restaurant operator’s stock valued at $48,000 after purchasing an additional 43 shares during the last quarter. Activest Wealth Management boosted its position in Domino’s Pizza by 411.5% during the third quarter. Activest Wealth Management now owns 133 shares of the restaurant operator’s stock valued at $58,000 after purchasing an additional 107 shares during the last quarter. Finally, Atlantic Union Bankshares Corp boosted its position in Domino’s Pizza by 85.5% during the third quarter. Atlantic Union Bankshares Corp now owns 141 shares of the restaurant operator’s stock valued at $61,000 after purchasing an additional 65 shares during the last quarter. 94.63% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DPZ has been the subject of several recent research reports. Citigroup reduced their price target on Domino’s Pizza from $440.00 to $425.00 and set a “neutral” rating for the company in a research report on Tuesday, April 7th. BMO Capital Markets reissued an “outperform” rating on shares of Domino’s Pizza in a research report on Tuesday, February 24th. Argus raised Domino’s Pizza to a “hold” rating in a research report on Monday, March 9th. Stifel Nicolaus reduced their price target on Domino’s Pizza from $510.00 to $485.00 and set a “buy” rating for the company in a research report on Wednesday, January 7th. Finally, BTIG Research reissued a “buy” rating on shares of Domino’s Pizza in a research report on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Domino’s Pizza presently has an average rating of “Hold” and an average price target of $465.74.

Domino’s Pizza Stock Up 1.8%

DPZ opened at $372.39 on Friday. Domino’s Pizza Inc has a 12-month low of $346.31 and a 12-month high of $499.08. The stock has a market cap of $12.52 billion, a price-to-earnings ratio of 21.19, a PEG ratio of 1.60 and a beta of 1.18. The business has a 50 day moving average of $380.92 and a 200-day moving average of $401.44.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings data on Monday, February 23rd. The restaurant operator reported $5.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.38 by ($0.03). Domino’s Pizza had a net margin of 12.18% and a negative return on equity of 15.28%. The business had revenue of $1.54 billion during the quarter. During the same period last year, the firm posted $4.89 earnings per share. The firm’s revenue was up 6.4% on a year-over-year basis. As a group, analysts expect that Domino’s Pizza Inc will post 19.76 earnings per share for the current year.

Domino’s Pizza Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Friday, March 13th were given a $1.99 dividend. The ex-dividend date of this dividend was Friday, March 13th. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.74. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.1%. Domino’s Pizza’s payout ratio is 45.30%.

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.