Domino’s Pizza, Inc. (NYSE:DPZ) Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB reduced its stake in Domino’s Pizza, Inc. (NYSE:DPZFree Report) by 0.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,051 shares of the restaurant operator’s stock after selling 40 shares during the quarter. Nordea Investment Management AB’s holdings in Domino’s Pizza were worth $2,496,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in DPZ. Coatue Management LLC purchased a new position in Domino’s Pizza in the 4th quarter valued at about $322,859,000. Norges Bank acquired a new stake in Domino’s Pizza during the fourth quarter worth approximately $208,604,000. International Assets Investment Management LLC grew its stake in Domino’s Pizza by 39,287.9% in the 4th quarter. International Assets Investment Management LLC now owns 499,438 shares of the restaurant operator’s stock worth $205,883,000 after acquiring an additional 498,170 shares during the period. TD Asset Management Inc grew its stake in Domino’s Pizza by 66.8% in the 4th quarter. TD Asset Management Inc now owns 497,111 shares of the restaurant operator’s stock worth $204,924,000 after acquiring an additional 199,060 shares during the period. Finally, Artisan Partners Limited Partnership raised its holdings in Domino’s Pizza by 81.2% in the 4th quarter. Artisan Partners Limited Partnership now owns 289,831 shares of the restaurant operator’s stock valued at $119,477,000 after acquiring an additional 129,844 shares during the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Domino’s Pizza Trading Down 0.0 %

Domino’s Pizza stock opened at $477.81 on Thursday. Domino’s Pizza, Inc. has a 52 week low of $330.05 and a 52 week high of $542.75. The stock has a market cap of $16.67 billion, a P/E ratio of 31.19, a price-to-earnings-growth ratio of 2.47 and a beta of 0.87. The stock has a 50 day moving average of $513.93 and a 200-day moving average of $471.11.

Domino’s Pizza (NYSE:DPZGet Free Report) last posted its quarterly earnings results on Monday, April 29th. The restaurant operator reported $3.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.46 by $0.12. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Domino’s Pizza had a net margin of 11.90% and a negative return on equity of 13.19%. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the company posted $2.93 earnings per share. As a group, equities analysts predict that Domino’s Pizza, Inc. will post 16 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a dividend of $1.51 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $6.04 annualized dividend and a dividend yield of 1.26%. Domino’s Pizza’s payout ratio is 39.43%.

Insider Buying and Selling

In other Domino’s Pizza news, CEO Russell J. Weiner sold 11,780 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $526.37, for a total transaction of $6,200,638.60. Following the transaction, the chief executive officer now owns 32,001 shares of the company’s stock, valued at approximately $16,844,366.37. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Russell J. Weiner sold 11,780 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $526.37, for a total transaction of $6,200,638.60. Following the sale, the chief executive officer now directly owns 32,001 shares of the company’s stock, valued at approximately $16,844,366.37. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Cynthia A. Headen sold 745 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $530.30, for a total value of $395,073.50. Following the transaction, the executive vice president now owns 3,910 shares in the company, valued at $2,073,473. The disclosure for this sale can be found here. Insiders own 0.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on DPZ shares. Loop Capital restated a “hold” rating and set a $507.00 price objective on shares of Domino’s Pizza in a report on Wednesday. Stifel Nicolaus lifted their price target on Domino’s Pizza from $500.00 to $550.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Domino’s Pizza from $555.00 to $580.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Citigroup boosted their target price on shares of Domino’s Pizza from $505.00 to $530.00 and gave the company a “neutral” rating in a report on Tuesday, April 30th. Finally, The Goldman Sachs Group initiated coverage on shares of Domino’s Pizza in a research note on Thursday, June 13th. They set a “buy” rating and a $612.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $531.66.

Check Out Our Latest Report on DPZ

About Domino’s Pizza

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Domino's Pizza (NYSE:DPZ)

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