Korea Investment CORP Decreases Stock Holdings in Domino’s Pizza Inc $DPZ

Korea Investment CORP trimmed its position in shares of Domino’s Pizza Inc (NASDAQ:DPZFree Report) by 53.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,453 shares of the restaurant operator’s stock after selling 17,672 shares during the period. Korea Investment CORP’s holdings in Domino’s Pizza were worth $6,671,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of DPZ. CYBER HORNET ETFs LLC bought a new stake in shares of Domino’s Pizza in the second quarter worth about $42,000. Westpac Banking Corp raised its position in Domino’s Pizza by 31.2% during the 2nd quarter. Westpac Banking Corp now owns 101 shares of the restaurant operator’s stock valued at $46,000 after purchasing an additional 24 shares during the last quarter. MUFG Securities EMEA plc purchased a new stake in Domino’s Pizza in the 2nd quarter worth approximately $46,000. Smartleaf Asset Management LLC grew its position in shares of Domino’s Pizza by 64.2% in the 3rd quarter. Smartleaf Asset Management LLC now owns 110 shares of the restaurant operator’s stock worth $48,000 after buying an additional 43 shares during the last quarter. Finally, Activest Wealth Management increased its stake in shares of Domino’s Pizza by 411.5% during the third quarter. Activest Wealth Management now owns 133 shares of the restaurant operator’s stock valued at $58,000 after buying an additional 107 shares during the period. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 4,870 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $434.06, for a total transaction of $2,113,872.20. Following the completion of the transaction, the executive vice president owned 6,744 shares of the company’s stock, valued at approximately $2,927,300.64. This trade represents a 41.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.83% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Benchmark restated a “buy” rating on shares of Domino’s Pizza in a report on Monday, February 23rd. Barclays reduced their price objective on shares of Domino’s Pizza from $405.00 to $370.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 7th. Guggenheim decreased their price objective on shares of Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating for the company in a report on Wednesday, February 25th. Piper Sandler reaffirmed a “neutral” rating and set a $445.00 target price on shares of Domino’s Pizza in a research note on Monday, November 24th. Finally, Hovde Group set a $460.00 price target on shares of Domino’s Pizza in a research report on Monday, January 5th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $475.71.

Check Out Our Latest Stock Report on Domino’s Pizza

Key Headlines Impacting Domino’s Pizza

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Domino’s Pizza Trading Up 0.7%

DPZ opened at $395.98 on Friday. The company has a market cap of $13.32 billion, a price-to-earnings ratio of 22.54, a price-to-earnings-growth ratio of 1.70 and a beta of 1.16. The stock has a fifty day simple moving average of $400.74 and a two-hundred day simple moving average of $416.95. Domino’s Pizza Inc has a 12-month low of $370.70 and a 12-month high of $499.08.

Domino’s Pizza (NASDAQ:DPZGet Free Report) last announced its earnings results on Monday, February 23rd. The restaurant operator reported $5.35 EPS for the quarter, missing analysts’ consensus estimates of $5.38 by ($0.03). The business had revenue of $1.54 billion for the quarter. Domino’s Pizza had a net margin of 12.18% and a negative return on equity of 15.28%. The company’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.89 EPS. On average, analysts predict that Domino’s Pizza Inc will post 16.74 EPS for the current year.

Domino’s Pizza Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, March 13th will be paid a dividend of $1.99 per share. The ex-dividend date of this dividend is Friday, March 13th. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.74. This represents a $7.96 annualized dividend and a yield of 2.0%. Domino’s Pizza’s payout ratio is presently 39.61%.

About Domino’s Pizza

(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.

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

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