Domino’s Pizza Inc $DPZ Shares Sold by Diversified Trust Co

Diversified Trust Co lowered its position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 12.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 975 shares of the restaurant operator’s stock after selling 141 shares during the period. Diversified Trust Co’s holdings in Domino’s Pizza were worth $439,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Praxis Investment Management Inc. acquired a new stake in shares of Domino’s Pizza during the 1st quarter worth approximately $414,000. Sowell Financial Services LLC purchased a new position in shares of Domino’s Pizza during the 1st quarter worth approximately $282,000. Merit Financial Group LLC boosted its position in shares of Domino’s Pizza by 88.5% during the 1st quarter. Merit Financial Group LLC now owns 1,591 shares of the restaurant operator’s stock worth $731,000 after purchasing an additional 747 shares during the period. GAMMA Investing LLC boosted its position in shares of Domino’s Pizza by 53,740.4% during the 1st quarter. GAMMA Investing LLC now owns 260,049 shares of the restaurant operator’s stock worth $119,480,000 after purchasing an additional 259,566 shares during the period. Finally, Cornerstone Wealth Group LLC boosted its position in shares of Domino’s Pizza by 41.0% during the 1st quarter. Cornerstone Wealth Group LLC now owns 20,417 shares of the restaurant operator’s stock worth $9,381,000 after purchasing an additional 5,939 shares during the period. Institutional investors and hedge funds own 94.63% of the company’s stock.

Insider Buying and Selling

In related news, Director James A. Goldman sold 1,000 shares of Domino’s Pizza stock in a transaction on Monday, August 18th. The shares were sold at an average price of $451.49, for a total transaction of $451,490.00. Following the sale, the director directly owned 3,384 shares in the company, valued at $1,527,842.16. This trade represents a 22.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.83% of the stock is owned by corporate insiders.

Domino’s Pizza Trading Down 0.3%

Domino’s Pizza stock opened at $423.89 on Wednesday. The company has a fifty day simple moving average of $455.14 and a 200-day simple moving average of $461.42. Domino’s Pizza Inc has a 12-month low of $397.12 and a 12-month high of $500.55. The stock has a market cap of $14.39 billion, a P/E ratio of 24.62, a price-to-earnings-growth ratio of 2.33 and a beta of 1.09.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings results on Monday, July 21st. The restaurant operator reported $3.81 EPS for the quarter, missing the consensus estimate of $3.93 by ($0.12). Domino’s Pizza had a negative return on equity of 15.09% and a net margin of 12.49%.The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the business earned $4.03 earnings per share. Domino’s Pizza’s revenue was up 4.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Domino’s Pizza Inc will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a dividend of $1.74 per share. This represents a $6.96 annualized dividend and a yield of 1.6%. The ex-dividend date is Monday, September 15th. Domino’s Pizza’s dividend payout ratio (DPR) is currently 40.42%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Sanford C. Bernstein increased their price objective on shares of Domino’s Pizza from $460.00 to $490.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 22nd. Barclays increased their price objective on shares of Domino’s Pizza from $420.00 to $425.00 and gave the stock an “underweight” rating in a research report on Monday, July 21st. Loop Capital increased their price objective on shares of Domino’s Pizza from $564.00 to $574.00 and gave the stock a “buy” rating in a research report on Tuesday, July 22nd. Royal Bank Of Canada cut shares of Domino’s Pizza from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $550.00 to $500.00 in a research report on Tuesday, July 29th. Finally, UBS Group reaffirmed a “buy” rating and set a $540.00 price objective on shares of Domino’s Pizza in a research report on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $490.78.

Domino’s Pizza 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.