Achmea Investment Management B.V. Has $7.24 Million Stock Position in Domino’s Pizza Inc $DPZ

Achmea Investment Management B.V. raised its stake in Domino’s Pizza Inc (NASDAQ:DPZ) by 10.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,772 shares of the restaurant operator’s stock after acquiring an additional 1,604 shares during the quarter. Achmea Investment Management B.V.’s holdings in Domino’s Pizza were worth $7,240,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. First Commonwealth Financial Corp PA bought a new position in shares of Domino’s Pizza during the third quarter worth approximately $924,000. Coldstream Capital Management Inc. boosted its stake in Domino’s Pizza by 2.7% in the 3rd quarter. Coldstream Capital Management Inc. now owns 5,050 shares of the restaurant operator’s stock valued at $2,180,000 after purchasing an additional 133 shares during the period. Danske Bank A S bought a new stake in Domino’s Pizza in the 3rd quarter valued at $7,159,000. Jacobs Levy Equity Management Inc. grew its holdings in Domino’s Pizza by 4.9% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 305,122 shares of the restaurant operator’s stock valued at $131,724,000 after buying an additional 14,131 shares in the last quarter. Finally, Morningstar Investment Management LLC acquired a new position in Domino’s Pizza in the 3rd quarter valued at $403,000. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Argus raised shares of Domino’s Pizza to a “hold” rating in a research report on Monday, March 9th. Citigroup raised their price target on shares of Domino’s Pizza from $420.00 to $440.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 24th. Wells Fargo & Company dropped their price objective on shares of Domino’s Pizza from $450.00 to $430.00 and set an “equal weight” rating for the company in a research note on Thursday, January 22nd. Piper Sandler reiterated a “neutral” rating and set a $445.00 target price on shares of Domino’s Pizza in a research report on Monday, November 24th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $425.00 price target on shares of Domino’s Pizza in a report on Tuesday, February 24th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Domino’s Pizza presently has an average rating of “Hold” and a consensus target price of $475.71.

Domino’s Pizza Trading Down 4.9%

Shares of DPZ opened at $376.92 on Thursday. The stock’s 50-day moving average price is $399.10 and its two-hundred day moving average price is $414.94. Domino’s Pizza Inc has a 12 month low of $370.70 and a 12 month high of $499.08. The company has a market capitalization of $12.68 billion, a PE ratio of 21.45, a PEG ratio of 1.71 and a beta of 1.16.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings results on Monday, February 23rd. The restaurant operator reported $5.35 earnings per share for the quarter, missing the consensus estimate of $5.38 by ($0.03). Domino’s Pizza had a net margin of 12.18% and a negative return on equity of 15.28%. The company had revenue of $1.54 billion during the quarter. During the same period last year, the firm posted $4.89 earnings per share. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. Equities research analysts predict that Domino’s Pizza Inc will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, March 13th will be given a $1.99 dividend. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.74. The ex-dividend date is Friday, March 13th. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.1%. Domino’s Pizza’s dividend payout ratio is presently 45.30%.

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.