Allianz Asset Management GmbH Has $696,000 Position in Domino’s Pizza Inc $DPZ

Allianz Asset Management GmbH cut its position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 53.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,545 shares of the restaurant operator’s stock after selling 1,753 shares during the quarter. Allianz Asset Management GmbH’s holdings in Domino’s Pizza were worth $696,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. acquired a new stake in shares of Domino’s Pizza in the first quarter valued at approximately $110,348,000. Invesco Ltd. grew its position in shares of Domino’s Pizza by 32.9% in the 1st quarter. Invesco Ltd. now owns 809,658 shares of the restaurant operator’s stock valued at $371,997,000 after buying an additional 200,622 shares during the last quarter. Bristol Gate Capital Partners Inc. acquired a new position in shares of Domino’s Pizza in the 1st quarter valued at about $92,085,000. Nuveen LLC acquired a new position in shares of Domino’s Pizza in the 1st quarter valued at about $45,344,000. Finally, Truist Financial Corp raised its stake in Domino’s Pizza by 3,692.1% during the 2nd quarter. Truist Financial Corp now owns 73,642 shares of the restaurant operator’s stock worth $33,183,000 after buying an additional 71,700 shares during the period. 94.63% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director James A. Goldman sold 1,000 shares of the stock in a transaction that occurred 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 transaction, the director directly owned 3,384 shares in the company, valued at approximately $1,527,842.16. This trade represents a 22.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.83% of the company’s stock.

Domino’s Pizza Stock Down 0.5%

Shares of DPZ stock opened at $412.70 on Tuesday. The company’s fifty day simple moving average is $436.00 and its two-hundred day simple moving average is $456.37. The stock has a market cap of $13.95 billion, a P/E ratio of 24.12, a PEG ratio of 2.20 and a beta of 1.12. Domino’s Pizza Inc has a 52 week low of $397.12 and a 52 week high of $500.55.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 EPS for the quarter, beating the consensus estimate of $3.96 by $0.12. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. Domino’s Pizza had a net margin of 12.16% and a negative return on equity of 14.91%. The firm’s revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.19 EPS. On average, analysts anticipate that Domino’s Pizza Inc will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Monday, December 15th will be paid a dividend of $1.74 per share. The ex-dividend date is Monday, December 15th. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.7%. Domino’s Pizza’s dividend payout ratio (DPR) is currently 40.68%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on DPZ shares. Morgan Stanley upped their target price on Domino’s Pizza from $520.00 to $535.00 and gave the company an “overweight” rating in a report on Wednesday, October 8th. Jefferies Financial Group lowered their price target on Domino’s Pizza from $490.00 to $455.00 and set a “hold” rating on the stock in a research report on Monday, October 13th. Mizuho set a $500.00 price objective on Domino’s Pizza in a research note on Monday. Piper Sandler lowered their price objective on shares of Domino’s Pizza from $477.00 to $443.00 and set a “neutral” rating for the company in a report on Friday, October 10th. Finally, TD Cowen restated a “buy” rating and issued a $510.00 price objective on shares of Domino’s Pizza in a report on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Domino’s Pizza presently has a consensus rating of “Hold” and an average price target of $490.32.

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.