Hsbc Holdings PLC Lowers Holdings in Domino’s Pizza Inc $DPZ

Hsbc Holdings PLC trimmed its position in Domino’s Pizza Inc (NASDAQ:DPZ) by 3.3% in the 4th quarter, Holdings Channel reports. The firm owned 59,448 shares of the restaurant operator’s stock after selling 2,059 shares during the quarter. Hsbc Holdings PLC’s holdings in Domino’s Pizza were worth $24,793,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Rockefeller Capital Management L.P. boosted its stake in Domino’s Pizza by 8.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 17,684 shares of the restaurant operator’s stock valued at $7,371,000 after buying an additional 1,330 shares during the period. Meadowbrook Advisors Group LLC bought a new position in Domino’s Pizza in the 4th quarter worth about $1,387,000. PeakShares LLC bought a new position in Domino’s Pizza in the 4th quarter worth about $226,000. SHP Wealth Management purchased a new stake in shares of Domino’s Pizza in the 4th quarter valued at about $25,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in shares of Domino’s Pizza by 506.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the restaurant operator’s stock valued at $296,000 after acquiring an additional 592 shares in the last quarter. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Domino’s Pizza

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

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Piper Sandler cut their price objective on Domino’s Pizza from $421.00 to $359.00 and set a “neutral” rating for the company in a report on Monday, April 27th. Wells Fargo & Company lowered their target price on shares of Domino’s Pizza from $400.00 to $350.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 28th. Sanford C. Bernstein dropped their target price on shares of Domino’s Pizza from $470.00 to $390.00 and set a “market perform” rating for the company in a research report on Tuesday, April 28th. Argus raised shares of Domino’s Pizza to a “hold” rating in a research note on Monday, March 9th. Finally, Jefferies Financial Group cut their price target on shares of Domino’s Pizza from $400.00 to $350.00 and set a “hold” rating for the company in a research note on Tuesday, April 28th. 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $410.39.

Domino’s Pizza Stock Down 1.8%

Shares of DPZ stock opened at $305.91 on Tuesday. The business has a 50-day moving average price of $313.51 and a two-hundred day moving average price of $365.80. Domino’s Pizza Inc has a 12-month low of $282.00 and a 12-month high of $496.00. The firm has a market cap of $10.17 billion, a P/E ratio of 17.61, a price-to-earnings-growth ratio of 1.45 and a beta of 0.97.

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 the consensus estimate of $4.29 by ($0.16). The firm had revenue of $1.15 billion for the quarter. Domino’s Pizza had a net margin of 11.89% and a negative return on equity of 15.04%. The company’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.33 EPS. As a group, research analysts expect that Domino’s Pizza Inc will post 18.99 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a $1.99 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $7.96 annualized dividend and a yield of 2.6%. Domino’s Pizza’s dividend payout ratio is currently 45.83%.

Domino’s Pizza Company 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.