California Public Employees Retirement System Decreases Holdings in Domino’s Pizza, Inc. (DPZ)
California Public Employees Retirement System lowered its stake in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 1.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 132,454 shares of the restaurant operator’s stock after selling 1,517 shares during the period. California Public Employees Retirement System owned about 0.32% of Domino’s Pizza worth $37,375,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Qube Research & Technologies Ltd acquired a new stake in shares of Domino’s Pizza during the 2nd quarter valued at $119,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Domino’s Pizza during the 2nd quarter valued at $166,000. Winslow Evans & Crocker Inc. acquired a new stake in shares of Domino’s Pizza during the 2nd quarter valued at $172,000. HRT Financial LLC acquired a new stake in shares of Domino’s Pizza during the 2nd quarter valued at $212,000. Finally, Roosevelt Investment Group Inc. bought a new position in shares of Domino’s Pizza during the 2nd quarter valued at $215,000. 92.95% of the stock is owned by institutional investors.
Shares of DPZ opened at $288.99 on Tuesday. The firm has a market capitalization of $11.98 billion, a P/E ratio of 54.12, a PEG ratio of 1.80 and a beta of 0.25. Domino’s Pizza, Inc. has a one year low of $166.74 and a one year high of $305.34. The company has a current ratio of 1.81, a quick ratio of 1.70 and a debt-to-equity ratio of -1.17.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be issued a $0.55 dividend. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $2.20 annualized dividend and a yield of 0.76%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 41.20%.
A number of research analysts have recently weighed in on DPZ shares. Citigroup raised their price target on shares of Domino’s Pizza from $281.00 to $298.00 and gave the company a “neutral” rating in a report on Wednesday, August 8th. JPMorgan Chase & Co. raised their price target on shares of Domino’s Pizza from $260.00 to $270.00 and gave the company a “$271.75” rating in a report on Monday, July 23rd. Guggenheim restated a “buy” rating and set a $303.00 price target on shares of Domino’s Pizza in a report on Friday, July 20th. Stephens raised their price target on shares of Domino’s Pizza from $300.00 to $310.00 and gave the company an “overweight” rating in a report on Friday, July 20th. Finally, Zacks Investment Research downgraded shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a report on Wednesday, July 4th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $268.48.
In other Domino’s Pizza news, COO Russell J. Weiner sold 4,404 shares of the firm’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $293.88, for a total value of $1,294,247.52. Following the sale, the chief operating officer now directly owns 13,738 shares in the company, valued at approximately $4,037,323.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider J Patrick Doyle sold 10,000 shares of the firm’s stock in a transaction on Friday, August 24th. The stock was sold at an average price of $295.32, for a total transaction of $2,953,200.00. Following the completion of the sale, the insider now owns 34,670 shares in the company, valued at $10,238,744.40. The disclosure for this sale can be found here. Insiders sold a total of 40,004 shares of company stock worth $11,956,888 in the last quarter. Insiders own 3.97% of the company’s stock.
Domino’s Pizza Profile
Domino's Pizza, Inc, through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates through three segments: Domestic Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's Pizza brand name through company-owned and franchised Domino's Pizza stores.
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