Copeland Capital Management LLC Lowers Position in Domino’s Pizza Inc $DPZ

Copeland Capital Management LLC lessened its holdings in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 4.5% in the third quarter, HoldingsChannel.com reports. The fund owned 66,508 shares of the restaurant operator’s stock after selling 3,101 shares during the period. Copeland Capital Management LLC’s holdings in Domino’s Pizza were worth $28,712,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Citigroup dropped their price objective on shares of Domino’s Pizza from $500.00 to $480.00 and set a “neutral” rating for the company in a report on Tuesday, September 30th. Mizuho upgraded Domino’s Pizza to a “strong-buy” rating in a report on Tuesday, October 28th. Weiss Ratings reissued a “hold (c)” rating on shares of Domino’s Pizza in a report on Monday, December 22nd. Piper Sandler reaffirmed a “neutral” rating and issued a $445.00 target price on shares of Domino’s Pizza in a research note on Monday, November 24th. Finally, Morgan Stanley increased their price target on shares of Domino’s Pizza from $520.00 to $535.00 and gave the company an “overweight” rating in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $490.40.

Domino’s Pizza Price Performance

DPZ opened at $421.25 on Tuesday. The stock’s 50 day simple moving average is $416.69 and its 200 day simple moving average is $437.28. The firm has a market cap of $14.23 billion, a price-to-earnings ratio of 24.62, a PEG 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.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings data on Tuesday, October 14th. The restaurant operator reported $4.08 earnings per share for the quarter, beating analysts’ consensus estimates of $3.96 by $0.12. Domino’s Pizza had a negative return on equity of 14.91% and a net margin of 12.16%.The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the firm posted $4.19 earnings per share. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Domino’s Pizza Inc will post 16.74 EPS for the current year.

Domino’s Pizza Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 15th were issued a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Monday, December 15th. Domino’s Pizza’s dividend payout ratio (DPR) is 40.68%.

Insider Activity

In other 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 transaction, the executive vice president directly owned 6,744 shares of the company’s stock, valued at approximately $2,927,300.64. This represents a 41.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.83% of the company’s stock.

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.