Man Group plc Buys Shares of 12,963 Domino’s Pizza Inc $DPZ

Man Group plc bought a new position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 12,963 shares of the restaurant operator’s stock, valued at approximately $3,838,000.

A number of other institutional investors have also made changes to their positions in DPZ. Amica Mutual Insurance Co. grew its position in Domino’s Pizza by 59.8% in the 4th quarter. Amica Mutual Insurance Co. now owns 16,576 shares of the restaurant operator’s stock valued at $6,909,000 after acquiring an additional 6,203 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Domino’s Pizza by 10.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 67,117 shares of the restaurant operator’s stock worth $28,544,000 after purchasing an additional 6,223 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Domino’s Pizza by 5.2% in the first quarter. Royal Bank of Canada now owns 448,221 shares of the restaurant operator’s stock valued at $160,817,000 after purchasing an additional 22,320 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Domino’s Pizza by 21,977.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 914,672 shares of the restaurant operator’s stock valued at $381,254,000 after purchasing an additional 910,529 shares during the period. Finally, Fisher Asset Management LLC grew its holdings in shares of Domino’s Pizza by 18.0% in the fourth quarter. Fisher Asset Management LLC now owns 34,632 shares of the restaurant operator’s stock valued at $14,436,000 after purchasing an additional 5,282 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DPZ. BTIG Research reaffirmed a “buy” rating and set a $425.00 target price on shares of Domino’s Pizza in a research note on Tuesday, July 21st. UBS Group restated a “buy” rating on shares of Domino’s Pizza in a research note on Tuesday, July 21st. JPMorgan Chase & Co. cut their price objective on Domino’s Pizza from $430.00 to $380.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 23rd. Morgan Stanley reduced their price objective on Domino’s Pizza from $395.00 to $370.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 15th. Finally, Royal Bank Of Canada lifted their target price on Domino’s Pizza from $325.00 to $350.00 and gave the company a “sector perform” rating in a report on Tuesday, July 21st. Sixteen research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $397.42.

Insider Buying and Selling at Domino’s Pizza

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 12,430 shares of Domino’s Pizza 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 sale, the executive vice president directly owned 9,352 shares of the company’s stock, valued at $3,011,718.08. The trade was a 57.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Russell J. Weiner sold 10,850 shares of the company’s stock in a transaction dated Friday, July 17th. The stock was 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 of the company’s stock, valued at approximately $14,499,948.07. This represents a 19.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 24,254 shares of company stock worth $7,888,924 in the last three months. 0.89% of the stock is currently owned by corporate insiders.

Domino’s Pizza Price Performance

Shares of NASDAQ:DPZ opened at $350.00 on Monday. 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 200 day moving average price is $345.31. 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 1.69 and a beta of 0.94.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings results 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 negative return on equity of 15.15% and a net margin of 11.86%.The firm had revenue of $1.19 billion for the quarter. During the same period in the previous year, the business earned $3.81 EPS. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. On average, equities analysts anticipate that Domino’s Pizza Inc will post 18.89 EPS for the current year.

Domino’s Pizza Announces Dividend

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

Domino’s Pizza Company 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.