IFP Advisors Inc Has $127,000 Position in Domino’s Pizza Inc $DPZ

IFP Advisors Inc cut its holdings in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 86.9% in the 4th quarter, HoldingsChannel reports. The fund owned 304 shares of the restaurant operator’s stock after selling 2,019 shares during the period. IFP Advisors Inc’s holdings in Domino’s Pizza were worth $127,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of DPZ. Berkshire Hathaway Inc lifted its stake in Domino’s Pizza by 13.2% during the 3rd quarter. Berkshire Hathaway Inc now owns 2,981,945 shares of the restaurant operator’s stock valued at $1,287,335,000 after acquiring an additional 348,077 shares in the last quarter. Marshfield Associates lifted its stake in Domino’s Pizza by 4.0% during the 3rd quarter. Marshfield Associates now owns 744,515 shares of the restaurant operator’s stock valued at $321,415,000 after acquiring an additional 28,765 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Domino’s Pizza by 1.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,762,568 shares of the restaurant operator’s stock valued at $760,939,000 after acquiring an additional 30,647 shares in the last quarter. Mediolanum International Funds Ltd lifted its stake in Domino’s Pizza by 209.6% during the 3rd quarter. Mediolanum International Funds Ltd now owns 4,155 shares of the restaurant operator’s stock valued at $1,805,000 after acquiring an additional 2,813 shares in the last quarter. Finally, Machina Capital S.A.S. bought a new position in Domino’s Pizza during the 3rd quarter valued at $1,557,000. 94.63% of the stock is owned by hedge funds and other institutional investors.

Domino’s Pizza Price Performance

Shares of DPZ stock opened at $310.56 on Friday. The company’s fifty day simple moving average is $344.86 and its two-hundred day simple moving average is $386.02. Domino’s Pizza Inc has a 1 year low of $297.48 and a 1 year high of $496.00. The stock has a market capitalization of $10.33 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 1.44 and a beta of 1.02.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings data on Monday, April 27th. The restaurant operator reported $4.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.16). The company 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 business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the business earned $4.33 earnings per share. Equities research analysts anticipate that Domino’s Pizza Inc will post 19.14 EPS 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 dividend of $1.99 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $7.96 dividend on an annualized basis and a yield of 2.6%. Domino’s Pizza’s dividend payout ratio is 45.83%.

Insider Transactions at Domino’s Pizza

In other news, EVP Kelly E. Garcia sold 488 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $313.16, for a total value of $152,822.08. Following the completion of the transaction, the executive vice president directly owned 9,352 shares in the company, valued at approximately $2,928,672.32. This trade represents a 4.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.89% of the company’s stock.

Wall Street Analyst Weigh In

DPZ has been the topic of several analyst reports. Piper Sandler cut their price target on shares of Domino’s Pizza from $421.00 to $359.00 and set a “neutral” rating on the stock in a report on Monday, April 27th. Argus raised Domino’s Pizza to a “hold” rating in a report on Monday, March 9th. Sanford C. Bernstein reduced their target price on Domino’s Pizza from $470.00 to $390.00 and set a “market perform” rating for the company in a report on Tuesday, April 28th. Wells Fargo & Company reduced their target price on Domino’s Pizza from $400.00 to $350.00 and set an “equal weight” rating for the company in a report on Tuesday, April 28th. Finally, Loop Capital reduced their target price 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. Seventeen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Domino’s Pizza has a consensus rating of “Hold” and a consensus price target of $418.13.

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.