Hsbc Holdings PLC Decreases Stock Holdings in Domino’s Pizza Inc $DPZ

Hsbc Holdings PLC cut its holdings in Domino’s Pizza Inc (NASDAQ:DPZ) by 3.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,448 shares of the restaurant operator’s stock after selling 2,059 shares during the period. Hsbc Holdings PLC owned about 0.18% of Domino’s Pizza worth $24,793,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Huntleigh Advisors Inc. lifted its position in shares of Domino’s Pizza by 5.0% during the 4th quarter. Huntleigh Advisors Inc. now owns 530 shares of the restaurant operator’s stock worth $221,000 after buying an additional 25 shares during the last quarter. Parallel Advisors LLC raised its stake in Domino’s Pizza by 2.9% during the 3rd quarter. Parallel Advisors LLC now owns 965 shares of the restaurant operator’s stock worth $417,000 after acquiring an additional 27 shares in the last quarter. Colonial Trust Co SC raised its stake in Domino’s Pizza by 5.3% during the 3rd quarter. Colonial Trust Co SC now owns 561 shares of the restaurant operator’s stock worth $242,000 after acquiring an additional 28 shares in the last quarter. OneDigital Investment Advisors LLC lifted its position in Domino’s Pizza by 3.9% in the third quarter. OneDigital Investment Advisors LLC now owns 808 shares of the restaurant operator’s stock valued at $349,000 after acquiring an additional 30 shares during the last quarter. Finally, Enhancing Capital LLC lifted its position in Domino’s Pizza by 1.9% in the third quarter. Enhancing Capital LLC now owns 1,768 shares of the restaurant operator’s stock valued at $763,000 after acquiring an additional 33 shares during the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Domino’s Pizza

In related news, EVP Kelly E. Garcia sold 487 shares of Domino’s Pizza stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $311.74, for a total value of $151,817.38. Following the sale, the executive vice president directly owned 9,352 shares in the company, valued at $2,915,392.48. The trade was a 4.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders sold 1,463 shares of company stock valued at $466,807. 0.89% of the stock is owned by company insiders.

Domino’s Pizza Stock Up 1.6%

Shares of Domino’s Pizza stock opened at $287.62 on Thursday. The firm has a market cap of $9.57 billion, a price-to-earnings ratio of 16.56, a price-to-earnings-growth ratio of 1.32 and a beta of 0.97. Domino’s Pizza Inc has a 52-week low of $282.00 and a 52-week high of $496.00. The company’s 50-day simple moving average is $324.47 and its 200-day simple moving average is $372.85.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings data on Monday, April 27th. The restaurant operator reported $4.13 EPS for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.16). Domino’s Pizza had a net margin of 11.89% and a negative return on equity of 15.04%. The firm had revenue of $1.15 billion during the quarter. During the same period in the prior year, the firm posted $4.33 EPS. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. Equities research analysts anticipate that Domino’s Pizza Inc will post 19.07 EPS for the current year.

Domino’s Pizza Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $1.99 dividend. This represents a $7.96 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, June 15th. Domino’s Pizza’s dividend payout ratio (DPR) is currently 45.83%.

Key Domino’s Pizza News

Here are the key news stories impacting Domino’s Pizza this week:

• Positive Sentiment: Several analysts continue to rate Domino’s as a Buy/Outperform and still see upside to their revised price targets, suggesting Wall Street has not turned broadly bearish on the stock. Analyst target updates
• Positive Sentiment: The company promoted longtime insider Joe Jordan to CEO, which could help stabilize operations and refocus the business on reaccelerating growth. Domino’s CEO transition coverage
• Neutral Sentiment: Domino’s was highlighted as a possible value and income idea after falling to new 52-week lows, with writers pointing to its 2.7% dividend yield and lower valuation as potential support for long-term investors. Dividend stock article
• Neutral Sentiment: Fresh coverage focused on Domino’s weaker share price and a re-check of valuation, reinforcing the market’s concern that the stock may be pricing in slower growth. Valuation article
• Negative Sentiment: Investor sentiment weakened after CEO Russell Weiner announced his retirement, adding to concerns about slower same-store sales and a reduced full-year outlook. CEO retirement article
• Negative Sentiment: Multiple firms cut price targets, including JPMorgan, BTIG, TD Cowen, and Baird, reflecting lower expectations for near-term performance. JPMorgan target cut

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on DPZ shares. JPMorgan Chase & Co. decreased their target price on Domino’s Pizza from $430.00 to $380.00 and set an “overweight” rating for the company in a research report on Tuesday. Benchmark cut their price target on Domino’s Pizza from $465.00 to $430.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. Robert W. Baird reduced their price objective on Domino’s Pizza from $400.00 to $350.00 and set an “outperform” rating for the company in a research note on Tuesday. Loop Capital decreased their price objective on Domino’s Pizza from $574.00 to $500.00 and set a “buy” rating for the company in a report on Tuesday, April 28th. Finally, UBS Group restated a “buy” rating on shares of Domino’s Pizza in a research report on Tuesday. Seventeen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $412.97.

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.