Domino’s Pizza Inc $DPZ Stock Position Raised by Federated Hermes Inc.

Federated Hermes Inc. increased its position in Domino’s Pizza Inc (NASDAQ:DPZ) by 35.4% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 93,173 shares of the restaurant operator’s stock after purchasing an additional 24,363 shares during the period. Federated Hermes Inc. owned about 0.27% of Domino’s Pizza worth $41,984,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. RMG Wealth Management LLC acquired a new stake in shares of Domino’s Pizza in the second quarter worth $25,000. Zions Bancorporation National Association UT acquired a new stake in Domino’s Pizza during the 1st quarter worth about $27,000. Signature Resources Capital Management LLC purchased a new position in Domino’s Pizza during the 2nd quarter valued at about $29,000. Mid American Wealth Advisory Group Inc. purchased a new position in Domino’s Pizza during the 2nd quarter valued at about $31,000. Finally, Atlantic Union Bankshares Corp acquired a new position in shares of Domino’s Pizza in the 2nd quarter valued at about $34,000. 94.63% of the stock is owned by institutional investors and hedge funds.

Domino’s Pizza Stock Performance

Shares of NASDAQ DPZ opened at $418.47 on Tuesday. The firm has a market cap of $14.14 billion, a price-to-earnings ratio of 24.46, a P/E/G ratio of 2.20 and a beta of 1.14. The business’s 50-day simple moving average is $413.69 and its 200-day simple moving average is $441.42. Domino’s Pizza Inc has a 52 week low of $392.89 and a 52 week high of $500.55.

Domino’s Pizza (NASDAQ:DPZ) last posted its earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 earnings per share for the quarter, topping the consensus estimate of $3.96 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 negative return on equity of 14.91% and a net margin of 12.16%.The company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the previous year, the company earned $4.19 EPS. As a group, equities research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Monday, December 15th will be paid 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 is Monday, December 15th. Domino’s Pizza’s payout ratio is presently 40.68%.

Analysts Set New Price Targets

Several analysts recently commented on DPZ shares. Jefferies Financial Group decreased their price target on shares of Domino’s Pizza from $490.00 to $455.00 and set a “hold” rating for the company in a report on Monday, October 13th. Sanford C. Bernstein reissued a “market perform” rating and set a $490.00 target price on shares of Domino’s Pizza in a research note on Tuesday, December 2nd. BTIG Research restated a “buy” rating and set a $530.00 price target on shares of Domino’s Pizza in a report on Friday, November 14th. Weiss Ratings lowered Domino’s Pizza from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 24th. Finally, Barclays reduced their price objective on Domino’s Pizza from $425.00 to $405.00 and set an “underweight” rating for the company in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $490.40.

About Domino’s Pizza

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.