Domino’s Pizza Inc $DPZ Stock Position Lifted by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Domino’s Pizza Inc (NASDAQ:DPZFree Report) by 10.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 67,117 shares of the restaurant operator’s stock after acquiring an additional 6,223 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Domino’s Pizza were worth $28,544,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of DPZ. Johnson Financial Group Inc. grew its holdings 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 acquiring an additional 56 shares during the period. MUFG Securities EMEA plc acquired a new stake in Domino’s Pizza during the 2nd quarter worth about $46,000. Smartleaf Asset Management LLC boosted its position in Domino’s Pizza by 64.2% during the 3rd quarter. Smartleaf Asset Management LLC now owns 110 shares of the restaurant operator’s stock worth $48,000 after acquiring an additional 43 shares during the period. Activest Wealth Management boosted its position in Domino’s Pizza by 411.5% during the 3rd quarter. Activest Wealth Management now owns 133 shares of the restaurant operator’s stock worth $58,000 after acquiring an additional 107 shares during the period. Finally, Atlantic Union Bankshares Corp raised its stake in shares of Domino’s Pizza by 85.5% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 141 shares of the restaurant operator’s stock worth $61,000 after purchasing an additional 65 shares in the last quarter. 94.63% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Kelly E. Garcia sold 488 shares of the company’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $332.31, for a total value of $162,167.28. Following the completion of the sale, the executive vice president owned 9,352 shares in the company, valued at approximately $3,107,763.12. This represents a 4.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.89% of the company’s stock.

Domino’s Pizza Stock Performance

Domino’s Pizza stock opened at $323.48 on Friday. The firm has a market cap of $10.76 billion, a P/E ratio of 18.62, a P/E/G ratio of 1.49 and a beta of 1.02. Domino’s Pizza Inc has a 52 week low of $321.27 and a 52 week high of $499.08. The business’s fifty day moving average is $373.16 and its two-hundred day moving average is $396.96.

Domino’s Pizza (NASDAQ:DPZGet Free Report) last released its earnings results on Monday, April 27th. The restaurant operator reported $4.13 earnings per share for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.16). The firm had revenue of $1.15 billion for the quarter. Domino’s Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.The firm’s revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.33 EPS. On average, equities research analysts predict that Domino’s Pizza Inc will post 19.22 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $1.99 dividend. This represents a $7.96 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Monday, June 15th. Domino’s Pizza’s dividend payout ratio is currently 45.83%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on DPZ shares. Robert W. Baird cut their price target on Domino’s Pizza from $495.00 to $400.00 and set an “outperform” rating for the company in a research note on Monday, April 27th. Guggenheim dropped their price target on Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 25th. HSBC dropped their price target on Domino’s Pizza from $601.00 to $544.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. Citigroup decreased their price objective on Domino’s Pizza from $425.00 to $365.00 and set a “neutral” rating on the stock in a report on Tuesday, April 28th. Finally, Argus raised Domino’s Pizza to a “hold” rating in a report on Monday, March 9th. Seventeen investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $421.35.

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Domino’s Pizza News Summary

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Domino’s Pizza Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Domino's Pizza (NASDAQ:DPZ)

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