Capital Research Global Investors Sells 12,500 Shares of Domino’s Pizza Inc (DPZ)
Capital Research Global Investors lessened its holdings in Domino’s Pizza Inc (NYSE:DPZ) by 1.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,056,800 shares of the restaurant operator’s stock after selling 12,500 shares during the quarter. Capital Research Global Investors owned 2.19% of Domino’s Pizza worth $223,545,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in DPZ. BlackRock Inc. boosted its position in shares of Domino’s Pizza by 2,338.4% in the first quarter. BlackRock Inc. now owns 5,344,824 shares of the restaurant operator’s stock valued at $985,052,000 after acquiring an additional 5,125,632 shares during the period. Renaissance Technologies LLC raised its stake in Domino’s Pizza by 43.7% in the second quarter. Renaissance Technologies LLC now owns 3,060,900 shares of the restaurant operator’s stock valued at $647,472,000 after purchasing an additional 930,200 shares in the last quarter. William Blair Investment Management LLC acquired a new position in Domino’s Pizza in the second quarter valued at about $113,818,000. Old Mutual Global Investors UK Ltd. raised its stake in Domino’s Pizza by 680.8% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 532,689 shares of the restaurant operator’s stock valued at $112,679,000 after purchasing an additional 464,468 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Domino’s Pizza by 8.5% in the second quarter. Vanguard Group Inc. now owns 4,164,927 shares of the restaurant operator’s stock valued at $881,007,000 after purchasing an additional 327,585 shares in the last quarter. 94.22% of the stock is owned by institutional investors.
DPZ has been the subject of a number of analyst reports. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $210.00 price target (up previously from $204.00) on shares of Domino’s Pizza in a research note on Monday. BidaskClub downgraded Domino’s Pizza from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Instinet reaffirmed a “neutral” rating and issued a $198.00 price target (up previously from $196.00) on shares of Domino’s Pizza in a research note on Saturday, July 22nd. Zacks Investment Research downgraded Domino’s Pizza from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. Finally, Credit Suisse Group started coverage on Domino’s Pizza in a research note on Wednesday. They set a “neutral” rating and a $200.00 target price for the company. Thirteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $199.46.
Domino’s Pizza Inc (NYSE DPZ) traded up 0.59% during trading on Thursday, hitting $202.82. The company’s stock had a trading volume of 83,044 shares. Domino’s Pizza Inc has a 12 month low of $149.67 and a 12 month high of $221.58. The firm has a 50 day moving average of $189.99 and a 200 day moving average of $195.32. The firm has a market cap of $9.79 billion, a P/E ratio of 40.31 and a beta of 0.36.
Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings results on Tuesday, July 25th. The restaurant operator reported $1.32 EPS for the quarter, topping the Zacks’ consensus estimate of $1.23 by $0.09. The business had revenue of $628.61 million for the quarter, compared to analysts’ expectations of $609.87 million. Domino’s Pizza had a negative return on equity of 13.28% and a net margin of 9.40%. The business’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.98 EPS. Equities research analysts predict that Domino’s Pizza Inc will post $5.69 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were given a $0.46 dividend. The ex-dividend date was Thursday, September 14th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.91%. Domino’s Pizza’s dividend payout ratio is currently 36.65%.
Domino’s Pizza announced that its Board of Directors has authorized a share buyback program on Wednesday, August 2nd that allows the company to repurchase $1.25 billion in outstanding shares. This repurchase authorization allows the restaurant operator to repurchase up to 13.5% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board believes its shares are undervalued.
About Domino’s Pizza
Domino’s Pizza, Inc is a pizza restaurant chain company. As of January 1, 2017, the Company operated in over 13,800 locations in over 85 markets around the world. The Company operates through three segments: domestic stores, international franchise and supply chain. Its basic menu features pizza products in various sizes and crust types.
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