Copeland Capital Management LLC Cuts Stock Position in Domino’s Pizza Inc $DPZ

Copeland Capital Management LLC lessened its holdings in Domino’s Pizza Inc (NASDAQ:DPZ) by 4.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,508 shares of the restaurant operator’s stock after selling 3,101 shares during the quarter. Copeland Capital Management LLC owned 0.20% of Domino’s Pizza worth $28,712,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in DPZ. RMG Wealth Management LLC bought a new position in Domino’s Pizza during the second quarter valued at about $25,000. Signature Resources Capital Management LLC bought a new stake in Domino’s Pizza in the second quarter worth about $29,000. Mid American Wealth Advisory Group Inc. purchased a new position in Domino’s Pizza in the second quarter valued at about $31,000. Atlantic Union Bankshares Corp purchased a new position in Domino’s Pizza in the second quarter valued at about $34,000. Finally, CYBER HORNET ETFs LLC bought a new position in shares of Domino’s Pizza during the 2nd quarter valued at approximately $42,000. 94.63% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 4,870 shares of the firm’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $434.06, for a total value of $2,113,872.20. Following the completion of the transaction, the executive vice president directly owned 6,744 shares of the company’s stock, valued at $2,927,300.64. This trade represents a 41.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.83% of the stock is currently owned by insiders.

Domino’s Pizza Stock Performance

Shares of DPZ opened at $421.25 on Tuesday. Domino’s Pizza Inc has a 52-week low of $392.89 and a 52-week high of $500.55. The stock’s 50-day simple moving average is $416.69 and its 200 day simple moving average is $437.28. The stock has a market capitalization of $14.23 billion, a price-to-earnings ratio of 24.62, a price-to-earnings-growth ratio of 2.25 and a beta of 1.14.

Domino’s Pizza (NASDAQ:DPZ) last posted its earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 earnings per share for the quarter, beating analysts’ consensus estimates of $3.96 by $0.12. Domino’s Pizza had a negative return on equity of 14.91% and a net margin of 12.16%.The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the previous year, the firm earned $4.19 EPS. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. On average, research 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 company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 15th were paid a $1.74 dividend. The ex-dividend date was Monday, December 15th. This represents a $6.96 annualized dividend and a yield of 1.7%. Domino’s Pizza’s dividend payout ratio is currently 40.68%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on DPZ shares. Mizuho raised shares of Domino’s Pizza to a “strong-buy” rating in a report on Tuesday, October 28th. BTIG Research restated a “buy” rating and issued a $530.00 target price on shares of Domino’s Pizza in a research note on Friday, November 14th. Citigroup cut their price target on Domino’s Pizza from $500.00 to $480.00 and set a “neutral” rating for the company in a research note on Tuesday, September 30th. Jefferies Financial Group decreased their price objective on Domino’s Pizza from $490.00 to $455.00 and set a “hold” rating for the company in a report on Monday, October 13th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Domino’s Pizza in a report on Monday, December 22nd. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $490.40.

Domino’s Pizza Company 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.