Hsbc Holdings PLC Purchases New Holdings in Domino’s Pizza Inc $DPZ

Hsbc Holdings PLC acquired a new position in Domino’s Pizza Inc (NASDAQ:DPZ) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 70,968 shares of the restaurant operator’s stock, valued at approximately $21,004,000.

Other institutional investors have also added to or reduced their stakes in the company. Andina Capital Management LLC grew its stake in shares of 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 valued at $457,000 after buying an additional 33 shares during the last quarter. Diversify Advisory Services LLC lifted its stake in shares of Domino’s Pizza by 5.1% during the 3rd quarter. Diversify Advisory Services LLC now owns 682 shares of the restaurant operator’s stock worth $275,000 after acquiring an additional 33 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its stake 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 worth $29,000 after acquiring an additional 34 shares during the last quarter. Unified Investment Management boosted its holdings in 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 acquiring an additional 39 shares during the period. Finally, Principal Securities Inc. boosted 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 acquiring an additional 43 shares during the period. Institutional investors own 94.63% of the company’s stock.

Insider Activity

In related 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 completion of the sale, the chief executive officer directly owned 43,829 shares of the company’s stock, valued at $14,499,948.07. This represents 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 company’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 sale, the executive vice president directly owned 9,352 shares of the company’s stock, valued at approximately $3,011,718.08. This trade 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 90 days. 0.89% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

DPZ has been the topic of a number of recent analyst reports. Robert W. Baird reiterated a “neutral” rating and issued a $350.00 target price on shares of Domino’s Pizza in a research note on Monday. TD Cowen boosted their target price on shares of Domino’s Pizza from $295.00 to $310.00 and gave the company a “hold” rating in a research note on Monday, July 20th. Rothschild & Co Redburn cut their price target on shares of Domino’s Pizza from $340.00 to $290.00 in a report on Monday, May 11th. Royal Bank Of Canada raised their price target on shares of Domino’s Pizza from $325.00 to $350.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 21st. Finally, Benchmark reiterated a “buy” rating on shares of Domino’s Pizza in a report on Tuesday, July 21st. Sixteen investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $397.42.

Domino’s Pizza Stock Down 3.6%

DPZ opened at $332.05 on Friday. The stock’s fifty day moving average is $327.85 and its two-hundred day moving average is $345.61. The company has a market capitalization of $10.98 billion, a P/E ratio of 18.83, a PEG ratio of 1.66 and a beta of 0.94. Domino’s Pizza Inc has a 52 week low of $282.00 and a 52 week high of $469.00.

Domino’s Pizza (NASDAQ:DPZ) last issued its earnings results on Monday, July 20th. The restaurant operator reported $4.07 earnings per share 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 during the quarter. During the same period last year, the company earned $3.81 EPS. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. Equities analysts anticipate that Domino’s Pizza Inc will post 18.89 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The company also recently disclosed 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. This represents a $7.96 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Tuesday, September 15th. Domino’s Pizza’s payout ratio is presently 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.