Domino’s Pizza Inc $DPZ Shares Purchased by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. increased its holdings in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 3,315.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,205 shares of the restaurant operator’s stock after purchasing an additional 79,798 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Domino’s Pizza were worth $24,336,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in DPZ. Soroban Capital Partners LP acquired a new stake in Domino’s Pizza during the 1st quarter worth about $895,251,000. BlackRock Inc. acquired a new position in shares of Domino’s Pizza in the 2nd quarter valued at about $715,704,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Domino’s Pizza by 21,977.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 914,672 shares of the restaurant operator’s stock valued at $381,254,000 after buying an additional 910,529 shares during the period. Norges Bank purchased a new stake in shares of Domino’s Pizza in the fourth quarter worth about $285,116,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Domino’s Pizza by 247.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 527,246 shares of the restaurant operator’s stock worth $189,171,000 after buying an additional 375,709 shares during the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Domino’s Pizza

In other news, CEO Russell J. Weiner sold 10,850 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer owned 43,829 shares in the company, valued at $14,499,948.07. This trade represents a 19.84% decrease in their position. The sale 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 the stock in a transaction that occurred on Wednesday, July 22nd. The shares were sold at an average price of $322.04, for a total value of $4,002,957.20. Following the transaction, the executive vice president owned 9,352 shares in the company, valued at $3,011,718.08. This trade represents a 57.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 24,254 shares of company stock valued at $7,888,924. Corporate insiders own 0.89% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on DPZ. Benchmark reaffirmed a “buy” rating on shares of Domino’s Pizza in a report on Tuesday, July 21st. Evercore reissued an “outperform” rating on shares of Domino’s Pizza in a report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft lowered their price objective on Domino’s Pizza from $435.00 to $385.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Oppenheimer cut their target price on shares of Domino’s Pizza from $465.00 to $415.00 and set an “outperform” rating for the company in a report on Tuesday, July 21st. Finally, JPMorgan Chase & Co. decreased their target price on shares of Domino’s Pizza from $430.00 to $380.00 and set an “overweight” rating for the company in a research note on Tuesday, June 23rd. Sixteen analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $397.42.

Domino’s Pizza Stock Up 5.4%

Shares of Domino’s Pizza stock opened at $350.00 on Friday. Domino’s Pizza Inc has a twelve month low of $282.00 and a twelve month high of $469.00. The business has a 50-day moving average price of $328.60 and a 200 day moving average price of $345.64. The firm has a market cap of $11.58 billion, a PE ratio of 19.85, a P/E/G ratio of 1.60 and a beta of 0.94.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings results on Monday, July 20th. The restaurant operator reported $4.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.10). Domino’s Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.The business had revenue of $1.19 billion for the quarter. During the same quarter in the prior year, the company earned $3.81 EPS. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. On average, sell-side analysts expect that Domino’s Pizza Inc will post 18.89 EPS for the current year.

Domino’s Pizza Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $1.99 per share. This represents a $7.96 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 15th. Domino’s Pizza’s dividend payout ratio is presently 45.15%.

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.