Bank of New York Mellon Corp Sells 96,415 Shares of Domino’s Pizza Inc $DPZ

Bank of New York Mellon Corp lowered its stake in Domino’s Pizza Inc (NASDAQ:DPZ) by 29.0% in the first quarter, Holdings Channel.com reports. The institutional investor owned 236,291 shares of the restaurant operator’s stock after selling 96,415 shares during the quarter. Bank of New York Mellon Corp’s holdings in Domino’s Pizza were worth $84,779,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in DPZ. SHP Wealth Management acquired a new position in shares of Domino’s Pizza during the 4th quarter valued at about $25,000. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in Domino’s Pizza by 97.1% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 34 shares during the last quarter. MBM Wealth Consultants LLC acquired a new stake in Domino’s Pizza in the 1st quarter worth approximately $31,000. Johnson Financial Group Inc. boosted its position in Domino’s Pizza by 200.0% during the third quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 56 shares during the period. Finally, Arax Advisory Partners bought a new stake in Domino’s Pizza during the fourth quarter worth approximately $42,000. Institutional investors own 94.63% of the company’s stock.

More Domino’s Pizza News

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

• Positive Sentiment: Domino’s beat revenue estimates in Q2, with sales up 4.3% year over year, and management highlighted stronger order volume across delivery and carryout. Domino’s revenue beats estimates as supply-chain business offsets weak demand
• Positive Sentiment: Analysts responded with several price-target updates, including Wells Fargo raising its target to $350 and BTIG reaffirming a Buy rating with a $425 target, suggesting some confidence in the longer-term setup. These Analysts Revise Their Forecasts On Domino’s After Q2 Results
• Positive Sentiment: Free cash flow and cash flow margins were described as strong, which is helping the stock appeal to value-oriented investors after the post-earnings reaction. Domino’s Pizza Delivers Strong FCF and FCF Margins – Is DPZ Stock Too Cheap?

Domino’s Pizza Stock Down 0.8%

Shares of DPZ stock opened at $326.34 on Wednesday. Domino’s Pizza Inc has a 12 month low of $282.00 and a 12 month high of $486.68. The firm has a market cap of $10.85 billion, a PE ratio of 18.51, a price-to-earnings-growth ratio of 1.62 and a beta of 0.97. The stock has a 50 day moving average of $309.57 and a 200-day moving average of $357.03.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings data on Monday, July 20th. The restaurant operator reported $4.07 earnings per share for the quarter, missing the consensus estimate of $4.17 by ($0.10). Domino’s Pizza had a net margin of 11.86% and a negative return on equity of 15.15%. The business had revenue of $1.19 billion during the quarter. During the same period last year, the company earned $3.81 earnings per share. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, equities analysts predict that Domino’s Pizza Inc will post 18.89 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $1.99 per share. The ex-dividend date is Tuesday, September 15th. This represents a $7.96 annualized dividend and a dividend yield of 2.4%. Domino’s Pizza’s payout ratio is presently 45.15%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on DPZ shares. Citigroup dropped their price target on shares of Domino’s Pizza from $365.00 to $335.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 7th. Rothschild & Co Redburn decreased their price objective on shares of Domino’s Pizza from $340.00 to $290.00 in a report on Monday, May 11th. Evercore reiterated an “outperform” rating on shares of Domino’s Pizza in a research note on Thursday, July 9th. Morgan Stanley dropped their target price on shares of Domino’s Pizza from $395.00 to $370.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 15th. Finally, Sanford C. Bernstein reissued a “market perform” rating on shares of Domino’s Pizza in a research report on Tuesday. Eighteen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Domino’s Pizza has an average rating of “Moderate Buy” and a consensus target price of $402.16.

Insider Activity

In other news, EVP Kelly E. Garcia sold 488 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $313.16, for a total transaction of $152,822.08. Following the completion of the transaction, the executive vice president owned 9,352 shares of the company’s stock, valued at approximately $2,928,672.32. This represents a 4.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders have sold 1,950 shares of company stock worth $611,451. Insiders own 0.89% of the company’s stock.

About Domino’s Pizza

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.