Northwestern Mutual Wealth Management Co. Takes Position in Domino’s Pizza Inc $DPZ

Northwestern Mutual Wealth Management Co. purchased a new stake in Domino’s Pizza Inc (NASDAQ:DPZ) in the second quarter, HoldingsChannel reports. The fund purchased 4,035 shares of the restaurant operator’s stock, valued at approximately $1,195,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DPZ. Andina Capital Management LLC increased its stake in Domino’s Pizza by 3.1% during the fourth quarter. Andina Capital Management LLC now owns 1,097 shares of the restaurant operator’s stock worth $457,000 after acquiring an additional 33 shares during the last quarter. Diversify Advisory Services LLC lifted its stake in shares of Domino’s Pizza by 5.1% in the 3rd quarter. Diversify Advisory Services LLC now owns 682 shares of the restaurant operator’s stock valued at $275,000 after purchasing an additional 33 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its position in shares of Domino’s Pizza by 97.1% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 34 shares during the last quarter. Unified Investment Management increased its position in shares of Domino’s Pizza by 5.5% during the 4th quarter. Unified Investment Management now owns 745 shares of the restaurant operator’s stock valued at $311,000 after purchasing an additional 39 shares during the last quarter. Finally, Principal Securities Inc. raised its holdings in Domino’s Pizza by 4.2% during the 4th quarter. Principal Securities Inc. now owns 1,078 shares of the restaurant operator’s stock valued at $449,000 after buying an additional 43 shares during the period. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Stock Up 0.3%

DPZ opened at $349.91 on Wednesday. The business has a fifty day moving average of $326.86 and a 200 day moving average of $346.39. Domino’s Pizza Inc has a 52-week low of $282.00 and a 52-week high of $469.00. The stock has a market cap of $11.58 billion, a P/E ratio of 19.85, a PEG ratio of 1.68 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 EPS for the quarter, missing the consensus estimate of $4.17 by ($0.10). Domino’s Pizza had a net margin of 11.86% and a negative return on equity of 15.15%. The business had revenue of $1.19 billion during the quarter. During the same quarter in the previous year, the business earned $3.81 earnings per share. The firm’s revenue was up 4.3% compared to the same quarter last year. Equities analysts anticipate that Domino’s Pizza Inc will post 18.88 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $1.99 per share. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 15th. Domino’s Pizza’s payout ratio is currently 45.15%.

Insider Transactions at Domino’s Pizza

In other news, CEO Russell J. Weiner sold 10,850 shares of the company’s 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 transaction, the chief executive officer directly owned 43,829 shares in the company, valued at approximately $14,499,948.07. This represents a 19.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Kelly E. Garcia sold 12,430 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 9,352 shares in the company, valued at $3,011,718.08. This represents a 57.07% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 24,254 shares of company stock worth $7,888,924. Company insiders own 0.89% of the company’s stock.

Analyst Upgrades and Downgrades

DPZ has been the subject of a number of analyst reports. HSBC lowered their price target on Domino’s Pizza from $601.00 to $544.00 and set a “buy” rating for the company in a research report on Tuesday, April 28th. UBS Group reissued a “buy” rating on shares of Domino’s Pizza in a research note on Tuesday, July 21st. Rothschild & Co Redburn lowered their target price on shares of Domino’s Pizza from $340.00 to $290.00 in a report on Monday, May 11th. DA Davidson lowered their target price on shares of Domino’s Pizza from $436.00 to $423.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Finally, Northcoast Research dropped their price target on shares of Domino’s Pizza from $525.00 to $445.00 and set a “buy” rating for the company in a research note on Tuesday, April 28th. Sixteen analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $397.42.

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.