The Manufacturers Life Insurance Company Acquires Shares of 21,573 Domino’s Pizza Inc $DPZ

The Manufacturers Life Insurance Company bought a new position in Domino’s Pizza Inc (NASDAQ:DPZ) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 21,573 shares of the restaurant operator’s stock, valued at approximately $6,386,000.

Several other institutional investors have also made changes to their positions in the company. Jump Financial LLC acquired a new stake in shares of Domino’s Pizza during the second quarter valued at approximately $3,183,000. Investment Management Corp of Ontario boosted its stake in Domino’s Pizza by 68.3% in the 2nd quarter. Investment Management Corp of Ontario now owns 1,594 shares of the restaurant operator’s stock worth $718,000 after purchasing an additional 647 shares during the period. Sei Investments Co. grew its position in Domino’s Pizza by 21.7% during the 2nd quarter. Sei Investments Co. now owns 80,964 shares of the restaurant operator’s stock worth $36,480,000 after purchasing an additional 14,452 shares in the last quarter. Glenview Trust co grew its position in Domino’s Pizza by 36.9% during the 2nd quarter. Glenview Trust co now owns 1,135 shares of the restaurant operator’s stock worth $511,000 after purchasing an additional 306 shares in the last quarter. Finally, HUB Investment Partners LLC raised its stake in Domino’s Pizza by 17.3% during the 2nd quarter. HUB Investment Partners LLC now owns 1,322 shares of the restaurant operator’s stock valued at $596,000 after purchasing an additional 195 shares during the period. 94.63% of the stock is owned by hedge funds and other institutional investors.

Domino’s Pizza Price Performance

Shares of DPZ stock 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 stock’s 50-day moving average is $328.60 and its two-hundred day moving average is $345.31. The firm has a market cap of $11.58 billion, a P/E ratio of 19.85, a PEG 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 earnings per share for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.10). The firm had revenue of $1.19 billion for the quarter. Domino’s Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.Domino’s Pizza’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the business earned $3.81 earnings per share. As a group, research analysts expect that Domino’s Pizza Inc will post 18.89 EPS for the current year.

Domino’s Pizza Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DPZ. BMO Capital Markets reduced their target price on Domino’s Pizza from $450.00 to $420.00 and set an “outperform” rating for the company in a report on Tuesday, July 21st. KeyCorp reissued a “sector weight” rating on shares of Domino’s Pizza in a research report on Tuesday, July 21st. Rothschild & Co Redburn reduced their price objective on Domino’s Pizza from $340.00 to $290.00 in a research note on Monday, May 11th. UBS Group restated a “buy” rating on shares of Domino’s Pizza in a research report on Tuesday, July 21st. Finally, Oppenheimer lowered their target price on Domino’s Pizza from $465.00 to $415.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 21st. Sixteen investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Domino’s Pizza presently has an average rating of “Hold” and a consensus target price of $397.42.

Insider Buying and Selling

In other Domino’s Pizza news, CEO Russell J. Weiner sold 10,850 shares of Domino’s Pizza stock in a transaction that occurred on 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 completion of the sale, the chief executive officer directly owned 43,829 shares in the company, valued at $14,499,948.07. The trade was a 19.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kelly E. Garcia sold 12,430 shares of the business’s stock in a transaction that occurred on 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. This represents a 57.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 24,254 shares of company stock valued at $7,888,924 over the last quarter. Corporate insiders own 0.89% of the company’s stock.

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.