Van ECK Associates Corp Increases Stock Holdings in Domino’s Pizza Inc $DPZ

Van ECK Associates Corp grew its stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 937,192.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 478,019 shares of the restaurant operator’s stock after purchasing an additional 477,968 shares during the period. Van ECK Associates Corp owned approximately 1.45% of Domino’s Pizza worth $141,513,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Soroban Capital Partners LP purchased a new position in Domino’s Pizza in the 1st quarter valued at about $895,251,000. BlackRock Inc. acquired a new stake in Domino’s Pizza during the second quarter worth approximately $715,704,000. Northwestern Mutual Wealth Management Co. grew its stake in Domino’s Pizza by 21,977.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 914,672 shares of the restaurant operator’s stock worth $381,254,000 after acquiring an additional 910,529 shares during the period. Norges Bank acquired a new stake in shares of Domino’s Pizza during the fourth quarter worth $285,116,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Domino’s Pizza by 247.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 527,246 shares of the restaurant operator’s stock worth $189,171,000 after purchasing an additional 375,709 shares during the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Analysts Set New Price Targets

DPZ has been the subject of several analyst reports. Rothschild & Co Redburn dropped their target price on Domino’s Pizza from $340.00 to $290.00 in a research note on Monday, May 11th. TD Cowen raised their price target on Domino’s Pizza from $295.00 to $310.00 and gave the stock a “hold” rating in a research note on Monday, July 20th. KeyCorp restated a “sector weight” rating on shares of Domino’s Pizza in a report on Tuesday, July 21st. JPMorgan Chase & Co. dropped their price objective on shares of Domino’s Pizza from $430.00 to $380.00 and set an “overweight” rating for the company in a research note on Tuesday, June 23rd. Finally, BMO Capital Markets decreased their target price on shares of Domino’s Pizza from $450.00 to $420.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 21st. Sixteen equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $397.42.

Insiders Place Their Bets

In other 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 transaction of $3,589,505.50. Following the transaction, the chief executive officer owned 43,829 shares of the company’s stock, valued at approximately $14,499,948.07. This trade represents a 19.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kelly E. Garcia sold 12,430 shares of the business’s stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 9,352 shares of the company’s stock, valued at approximately $3,011,718.08. This represents a 57.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 24,254 shares of company stock worth $7,888,924 over the last quarter. 0.89% of the stock is currently owned by insiders.

Domino’s Pizza Stock Up 5.4%

Shares of DPZ stock opened at $350.00 on Friday. Domino’s Pizza Inc has a fifty-two week low of $282.00 and a fifty-two week high of $469.00. The firm’s 50 day moving average price is $328.60 and its two-hundred day moving average price is $345.64. The stock has a market cap of $11.58 billion, a price-to-earnings 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 earnings results 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 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 company posted $3.81 earnings per share. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, equities analysts forecast that Domino’s Pizza Inc will post 18.89 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The business 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 annualized dividend and a yield of 2.3%. Domino’s Pizza’s dividend payout ratio is currently 45.15%.

Domino’s Pizza Profile

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.