KLP Kapitalforvaltning AS Buys 400 Shares of Domino’s Pizza Inc $DPZ

KLP Kapitalforvaltning AS boosted its stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 2.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,390 shares of the restaurant operator’s stock after acquiring an additional 400 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Domino’s Pizza were worth $8,287,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in DPZ. Farther Finance Advisors LLC grew its holdings in Domino’s Pizza by 219.0% during the 1st quarter. Farther Finance Advisors LLC now owns 1,174 shares of the restaurant operator’s stock worth $547,000 after acquiring an additional 806 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in Domino’s Pizza by 5.4% during the 1st quarter. Harbor Capital Advisors Inc. now owns 4,252 shares of the restaurant operator’s stock worth $1,954,000 after acquiring an additional 217 shares during the last quarter. GAMMA Investing LLC grew its holdings in Domino’s Pizza by 17.2% during the 1st quarter. GAMMA Investing LLC now owns 566 shares of the restaurant operator’s stock worth $260,000 after acquiring an additional 83 shares during the last quarter. Avanza Fonder AB grew its holdings in Domino’s Pizza by 39.1% during the 1st quarter. Avanza Fonder AB now owns 3,135 shares of the restaurant operator’s stock worth $1,468,000 after acquiring an additional 882 shares during the last quarter. Finally, Trueblood Wealth Management LLC bought a new stake in Domino’s Pizza during the 1st quarter worth about $218,000. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Price Performance

Shares of NASDAQ:DPZ opened at $405.33 on Friday. The company has a market capitalization of $13.76 billion, a price-to-earnings ratio of 23.54, a P/E/G ratio of 2.26 and a beta of 1.12. The firm’s 50 day simple moving average is $443.60 and its 200 day simple moving average is $459.40. Domino’s Pizza Inc has a fifty-two week low of $397.12 and a fifty-two week high of $500.55.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings results on Monday, July 21st. The restaurant operator reported $3.81 earnings per share for the quarter, missing analysts’ consensus estimates of $3.93 by ($0.12). The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. Domino’s Pizza had a net margin of 12.49% and a negative return on equity of 15.09%. The business’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.03 earnings per share. Equities research analysts expect that Domino’s Pizza Inc will post 16.74 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were given a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Monday, September 15th. Domino’s Pizza’s dividend payout ratio (DPR) is currently 40.42%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Loop Capital upped their target price on shares of Domino’s Pizza from $564.00 to $574.00 and gave the company a “buy” rating in a research report on Tuesday, July 22nd. Barclays cut their target price on shares of Domino’s Pizza from $425.00 to $405.00 and set an “underweight” rating on the stock in a research report on Wednesday. Benchmark upped their target price on shares of Domino’s Pizza from $535.00 to $540.00 and gave the company a “buy” rating in a research report on Tuesday, July 22nd. Melius assumed coverage on shares of Domino’s Pizza in a research report on Monday, July 14th. They set a “hold” rating and a $500.00 target price on the stock. Finally, Sanford C. Bernstein upped their target price on shares of Domino’s Pizza from $460.00 to $490.00 and gave the company a “market perform” rating in a research report on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $491.32.

Insider Buying and Selling at Domino’s Pizza

In other Domino’s Pizza news, Director James A. Goldman sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $451.49, for a total transaction of $451,490.00. Following the sale, the director directly owned 3,384 shares in the company, valued at approximately $1,527,842.16. This trade represents a 22.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.83% of the stock is owned by corporate insiders.

Domino’s Pizza Profile

Domino’s Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. The company operates through three segments: U.S. Stores, International Franchise, and Supply Chain. It offers pizzas under the Domino’s brand name through company-owned and franchised stores.