Swedbank AB Sells 1,513 Shares of Domino’s Pizza Inc $DPZ

Swedbank AB lessened its position in Domino’s Pizza Inc (NASDAQ:DPZ) by 38.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,461 shares of the restaurant operator’s stock after selling 1,513 shares during the period. Swedbank AB’s holdings in Domino’s Pizza were worth $1,062,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. RMG Wealth Management LLC acquired a new stake in Domino’s Pizza in the 2nd quarter valued at about $25,000. Signature Resources Capital Management LLC bought a new stake in Domino’s Pizza in the second quarter valued at approximately $29,000. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Domino’s Pizza in the second quarter valued at approximately $31,000. Atlantic Union Bankshares Corp bought a new position in shares of Domino’s Pizza during the 2nd quarter worth approximately $34,000. Finally, CYBER HORNET ETFs LLC acquired a new position in shares of Domino’s Pizza during the 2nd quarter worth approximately $42,000. 94.63% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Kelly E. Garcia sold 4,870 shares of the company’s stock in a transaction dated 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 completion of the sale, the executive vice president owned 6,744 shares of the company’s stock, valued at $2,927,300.64. This represents a 41.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.83% of the stock is owned by corporate insiders.

Domino’s Pizza Trading Up 0.0%

Shares of DPZ stock opened at $425.56 on Friday. The stock has a market cap of $14.38 billion, a P/E ratio of 24.87, a price-to-earnings-growth ratio of 2.25 and a beta of 1.14. Domino’s Pizza Inc has a 1 year low of $392.89 and a 1 year high of $500.55. The stock has a 50 day simple moving average of $416.72 and a 200 day simple moving average of $437.56.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings data on Tuesday, October 14th. The restaurant operator reported $4.08 earnings per share for the quarter, beating the consensus estimate of $3.96 by $0.12. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.19 EPS. Analysts forecast that Domino’s Pizza Inc will post 16.74 EPS for the current year.

Domino’s Pizza Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 15th were paid a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Monday, December 15th. Domino’s Pizza’s payout ratio is 40.68%.

Analyst Ratings Changes

Several brokerages have issued reports on DPZ. Morgan Stanley raised their price target on Domino’s Pizza from $520.00 to $535.00 and gave the company an “overweight” rating in a report on Wednesday, October 8th. Citigroup cut their target price on shares of Domino’s Pizza from $500.00 to $480.00 and set a “neutral” rating for the company in a research note on Tuesday, September 30th. Royal Bank Of Canada decreased their price target on shares of Domino’s Pizza from $500.00 to $450.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 15th. Barclays lowered their price target on shares of Domino’s Pizza from $425.00 to $405.00 and set an “underweight” rating on the stock in a report on Wednesday, October 8th. Finally, Mizuho upgraded Domino’s Pizza to a “strong-buy” rating in a report on Tuesday, October 28th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $490.40.

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.