Andra AP fonden Purchases 24,700 Shares of Domino’s Pizza Inc $DPZ

Andra AP fonden boosted its position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 75.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 57,500 shares of the restaurant operator’s stock after purchasing an additional 24,700 shares during the period. Andra AP fonden owned about 0.17% of Domino’s Pizza worth $24,823,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its holdings in shares of Domino’s Pizza by 1.8% in the 3rd quarter. Principal Financial Group Inc. now owns 1,762,568 shares of the restaurant operator’s stock worth $760,939,000 after acquiring an additional 30,647 shares in the last quarter. Mediolanum International Funds Ltd grew its position in Domino’s Pizza by 209.6% during the 3rd quarter. Mediolanum International Funds Ltd now owns 4,155 shares of the restaurant operator’s stock worth $1,805,000 after acquiring an additional 2,813 shares during the last quarter. Machina Capital S.A.S. acquired a new stake in Domino’s Pizza during the 3rd quarter valued at $1,557,000. Berkshire Hathaway Inc raised its position in Domino’s Pizza by 0.5% in the 2nd quarter. Berkshire Hathaway Inc now owns 2,633,868 shares of the restaurant operator’s stock valued at $1,186,821,000 after purchasing an additional 13,255 shares during the last quarter. Finally, Railway Pension Investments Ltd raised its position in Domino’s Pizza by 304.2% in the 3rd quarter. Railway Pension Investments Ltd now owns 9,700 shares of the restaurant operator’s stock valued at $4,188,000 after purchasing an additional 7,300 shares during the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Domino’s Pizza Trading Down 1.2%

Shares of DPZ opened at $399.29 on Friday. The stock has a market cap of $13.43 billion, a P/E ratio of 22.73, a price-to-earnings-growth ratio of 1.79 and a beta of 1.15. Domino’s Pizza Inc has a 1 year low of $370.70 and a 1 year high of $500.55. The stock’s 50-day moving average price is $404.95 and its two-hundred day moving average price is $419.98.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings results on Monday, February 23rd. The restaurant operator reported $5.35 EPS for the quarter, missing analysts’ consensus estimates 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 in the previous year, the business posted $4.89 earnings per share. Domino’s Pizza’s revenue was up 6.4% compared to the same quarter last year. As a group, equities analysts forecast that Domino’s Pizza Inc will post 16.74 EPS for the current year.

Domino’s Pizza Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, March 13th will be issued a $1.99 dividend. This represents a $7.96 annualized dividend and a yield of 2.0%. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.74. The ex-dividend date is Friday, March 13th. Domino’s Pizza’s dividend payout ratio (DPR) is 39.61%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DPZ. BMO Capital Markets restated an “outperform” rating on shares of Domino’s Pizza in a report on Tuesday. Piper Sandler reiterated a “neutral” rating and set a $445.00 price target on shares of Domino’s Pizza in a research report on Monday, November 24th. TD Cowen restated a “hold” rating and issued a $460.00 price objective on shares of Domino’s Pizza in a research report on Monday. Hovde Group set a $460.00 target price on shares of Domino’s Pizza in a research note on Monday, January 5th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Domino’s Pizza in a research report on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $475.71.

Insiders Place Their Bets

In other news, EVP Kelly E. Garcia sold 4,870 shares of Domino’s Pizza stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $434.06, for a total transaction of $2,113,872.20. Following 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.83% of the company’s stock.

Domino’s Pizza 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.