Domino’s Pizza Inc $DPZ Holdings Lowered by Ferguson Wellman Capital Management Inc.

by · The Markets Daily

Ferguson Wellman Capital Management Inc. lowered its position in Domino’s Pizza Inc (NASDAQ:DPZ – Free Report) by 8.4% during the third quarter, HoldingsChannel.com reports. The fund owned 75,259 shares of the restaurant operator’s stock after selling 6,946 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Domino’s Pizza were worth $22,548,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Royal Bank of Canada raised its holdings in shares of Domino’s Pizza by 5.2% in the first quarter. Royal Bank of Canada now owns 448,221 shares of the restaurant operator’s stock worth $160,817,000 after acquiring an additional 22,320 shares during the last quarter. Andra AP fonden boosted its stake in shares of Domino’s Pizza by 904.5% during the second quarter. Andra AP fonden now owns 15,790 shares of the restaurant operator’s stock valued at $4,674,000 after acquiring an additional 14,218 shares during the last quarter. Sei Investments Co. increased its position in Domino’s Pizza by 28.7% during the 1st quarter. Sei Investments Co. now owns 105,424 shares of the restaurant operator’s stock worth $37,827,000 after purchasing an additional 23,498 shares in the last quarter. Pictet Asset Management Holding SA increased its position in Domino’s Pizza by 85.0% during the 1st quarter. Pictet Asset Management Holding SA now owns 27,942 shares of the restaurant operator’s stock worth $10,023,000 after purchasing an additional 12,839 shares in the last quarter. Finally, SWS Partners acquired a new position in Domino’s Pizza in the 2nd quarter valued at about $1,427,000. 94.63% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Domino’s Pizza

In other Domino’s Pizza news, EVP Kelly Garcia sold 12,430 shares of the company’s stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $322.04, for a total transaction of $4,002,957.20. Following the completion of the sale, the executive vice president directly owned 9,352 shares in the company, valued at $3,011,718.08. This represents a 57.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Russell Weiner sold 10,850 shares of the company’s stock in a transaction dated Friday, July 17th. The stock was sold at an average price of $330.83, for a total value of $3,589,505.50. Following the sale, the chief executive officer owned 43,829 shares of the company’s stock, valued at $14,499,948.07. This represents a 19.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 23,767 shares of company stock valued at $7,737,107. 0.89% of the stock is owned by company insiders.

Domino’s Pizza Stock Performance

Domino’s Pizza stock traded down $0.01 during trading on Monday, reaching $297.60. The company had a trading volume of 234,055 shares, compared to its average volume of 908,271. Domino’s Pizza Inc has a 12-month low of $282.00 and a 12-month high of $442.35. The stock’s 50 day moving average price is $331.21 and its two-hundred day moving average price is $330.89. The firm has a market capitalization of $9.84 billion, a price-to-earnings ratio of 16.88, a PEG ratio of 1.37 and a beta of 0.94.

Domino’s Pizza (NASDAQ:DPZ – Get Free Report) last posted its quarterly earnings results on Monday, July 20th. The restaurant operator reported $4.07 earnings per share 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 company had revenue of $1.19 billion for the quarter. During the same quarter in the prior year, the company posted $3.81 earnings per share. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, research analysts expect that Domino’s Pizza Inc will post 18.95 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were issued a $1.99 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $7.96 dividend on an annualized basis and a yield of 2.7%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 45.15%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Loop Capital reiterated a “hold” rating and set a $353.00 price target on shares of Domino’s Pizza in a report on Monday, August 10th. Royal Bank Of Canada decreased their target price on shares of Domino’s Pizza from $350.00 to $325.00 and set a “sector perform” rating on the stock in a research report on Monday. BTIG Research reaffirmed a “buy” rating and issued a $425.00 target price on shares of Domino’s Pizza in a research note on Tuesday, July 21st. Sanford C. Bernstein reiterated a “market perform” rating on shares of Domino’s Pizza in a report on Tuesday, July 21st. Finally, Wells Fargo & Company increased their price target on Domino’s Pizza from $325.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 21st. Sixteen investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Domino’s Pizza currently has an average rating of “Hold” and a consensus price target of $392.58.

View Our Latest Stock Report on Domino’s Pizza

Domino’s Pizza Profile

(Free Report)

Domino’s Pizza, Inc is a global quick-service restaurant company specializing in pizza delivery and carryout. Its menu includes a variety of pizzas, sides, desserts and beverages, with orders placed through digital platforms, phone ordering and participating stores.

Founded in 1960 in Ypsilanti, Michigan, Domino’s began as a small pizza business and adopted its current name in 1965. The company has expanded through a primarily franchise-based model, supported by company-owned stores and an integrated supply chain that provides food and other products to many participating locations.

Domino’s serves customers in the United States and international markets across North America, Europe, Asia-Pacific, the Middle East, Africa and other regions.

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