OMERS ADMINISTRATION Corp Invests $594,000 in Domino’s Pizza Inc $DPZ

OMERS ADMINISTRATION Corp bought a new stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,007 shares of the restaurant operator’s stock, valued at approximately $594,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Andina Capital Management LLC boosted its holdings in Domino’s Pizza by 3.1% in the fourth quarter. Andina Capital Management LLC now owns 1,097 shares of the restaurant operator’s stock valued at $457,000 after acquiring an additional 33 shares in the last quarter. Diversify Advisory Services LLC raised its holdings in Domino’s Pizza by 5.1% in the 3rd quarter. Diversify Advisory Services LLC now owns 682 shares of the restaurant operator’s stock worth $275,000 after purchasing an additional 33 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC raised 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 in the last quarter. Unified Investment Management lifted its position in shares of Domino’s Pizza by 5.5% in the 4th quarter. Unified Investment Management now owns 745 shares of the restaurant operator’s stock worth $311,000 after purchasing an additional 39 shares during the period. Finally, Principal Securities Inc. lifted its position in shares of Domino’s Pizza by 4.2% in the 4th quarter. Principal Securities Inc. now owns 1,078 shares of the restaurant operator’s stock worth $449,000 after purchasing an additional 43 shares during the period. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Stock Performance

Shares of NASDAQ DPZ opened at $332.05 on Friday. The firm’s 50 day moving average price is $327.85 and its 200-day moving average price is $345.61. The company has a market cap of $10.98 billion, a PE ratio of 18.83, a P/E/G ratio of 1.66 and a beta of 0.94. Domino’s Pizza Inc has a 52-week low of $282.00 and a 52-week high of $469.00.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings results 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 firm had revenue of $1.19 billion for the quarter. During the same period in the prior year, the business earned $3.81 earnings per share. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. On average, analysts forecast that Domino’s Pizza Inc will post 18.89 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $1.99 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.4%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 45.15%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DPZ. Evercore reiterated an “outperform” rating on shares of Domino’s Pizza in a research report on Thursday, July 9th. UBS Group reissued a “buy” rating on shares of Domino’s Pizza in a research note on Tuesday, July 21st. Weiss Ratings lowered shares of Domino’s Pizza from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 29th. Oppenheimer cut their price objective on Domino’s Pizza from $465.00 to $415.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 21st. Finally, Rothschild & Co Redburn reduced their target price on Domino’s Pizza from $340.00 to $290.00 in a report on Monday, May 11th. Sixteen equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $397.42.

Insiders Place Their Bets

In related news, CEO Russell J. Weiner sold 10,850 shares of the stock in a transaction on Friday, July 17th. The stock was sold at an average price of $330.83, for a total transaction of $3,589,505.50. Following the sale, the chief executive officer directly owned 43,829 shares of the company’s stock, valued at $14,499,948.07. This trade represents a 19.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Kelly E. Garcia sold 12,430 shares of Domino’s Pizza stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $322.04, for a total value of $4,002,957.20. Following the completion of the sale, the executive vice president owned 9,352 shares of the company’s stock, valued at $3,011,718.08. The trade was a 57.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 24,254 shares of company stock valued at $7,888,924. Corporate 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.