Domino’s Pizza, Inc. (NYSE:DPZ) Shares Acquired by abrdn plc

abrdn plc raised its holdings in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 56.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,575 shares of the restaurant operator’s stock after acquiring an additional 6,735 shares during the period. abrdn plc owned approximately 0.05% of Domino’s Pizza worth $7,657,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Lafayette Investments Inc. increased its holdings in Domino’s Pizza by 41.8% in the 4th quarter. Lafayette Investments Inc. now owns 791 shares of the restaurant operator’s stock worth $326,000 after acquiring an additional 233 shares in the last quarter. Fidelis Capital Partners LLC acquired a new position in Domino’s Pizza in the fourth quarter valued at about $234,000. Federated Hermes Inc. lifted its position in Domino’s Pizza by 138.0% in the fourth quarter. Federated Hermes Inc. now owns 24,596 shares of the restaurant operator’s stock valued at $10,139,000 after buying an additional 14,260 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in Domino’s Pizza by 15.8% during the fourth quarter. Daiwa Securities Group Inc. now owns 9,698 shares of the restaurant operator’s stock worth $3,998,000 after purchasing an additional 1,325 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Domino’s Pizza during the fourth quarter worth about $18,550,000. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Cynthia A. Headen sold 768 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $451.52, for a total value of $346,767.36. Following the completion of the sale, the executive vice president now directly owns 4,103 shares in the company, valued at approximately $1,852,586.56. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Domino’s Pizza news, EVP Cynthia A. Headen sold 768 shares of Domino’s Pizza stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $451.52, for a total transaction of $346,767.36. Following the completion of the transaction, the executive vice president now owns 4,103 shares in the company, valued at approximately $1,852,586.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Cynthia A. Headen sold 108 shares of Domino’s Pizza stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total value of $53,468.64. Following the transaction, the executive vice president now owns 3,910 shares of the company’s stock, valued at approximately $1,935,762.80. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by company insiders.

Domino’s Pizza Stock Performance

Shares of DPZ opened at $499.07 on Friday. Domino’s Pizza, Inc. has a 52 week low of $285.84 and a 52 week high of $508.44. The stock has a market capitalization of $17.38 billion, a price-to-earnings ratio of 34.02, a PEG ratio of 2.55 and a beta of 0.86. The stock has a fifty day moving average of $467.11 and a 200-day moving average of $418.58.

Domino’s Pizza (NYSE:DPZ) last announced its earnings results on Monday, February 26th. The restaurant operator reported $4.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.38 by $0.10. The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.42 billion. Domino’s Pizza had a negative return on equity of 12.56% and a net margin of 11.59%. Domino’s Pizza’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period last year, the company earned $4.43 EPS. As a group, equities analysts forecast that Domino’s Pizza, Inc. will post 15.72 EPS for the current year.

Domino’s Pizza Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $1.51 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.21. This represents a $6.04 annualized dividend and a dividend yield of 1.21%. Domino’s Pizza’s dividend payout ratio (DPR) is currently 41.17%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Morgan Stanley upped their target price on shares of Domino’s Pizza from $485.00 to $515.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. Barclays increased their price target on Domino’s Pizza from $346.00 to $405.00 and gave the stock an “underweight” rating in a report on Tuesday, February 27th. BMO Capital Markets increased their price objective on Domino’s Pizza from $475.00 to $535.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 27th. Argus upgraded Domino’s Pizza from a “hold” rating to a “buy” rating and set a $530.00 price objective for the company in a research report on Tuesday, February 27th. Finally, Evercore ISI increased their price objective on Domino’s Pizza from $510.00 to $560.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $460.90.

Domino’s Pizza Company Profile

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. The company operates through three segments: U.S. Stores, International Franchise, and Supply Chain. It offers pizzas under the Domino's brand name through company-owned and franchised stores.