Swiss National Bank Has $40.49 Million Stock Holdings in Domino’s Pizza Inc $DPZ

Swiss National Bank trimmed its stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 4.8% in the third quarter, HoldingsChannel reports. The firm owned 93,800 shares of the restaurant operator’s stock after selling 4,700 shares during the quarter. Swiss National Bank’s holdings in Domino’s Pizza were worth $40,494,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on DPZ shares. Piper Sandler restated a “neutral” rating and set a $445.00 price objective on shares of Domino’s Pizza in a report on Monday, November 24th. Stifel Nicolaus dropped their price target on Domino’s Pizza from $510.00 to $485.00 and set a “buy” rating for the company in a report on Wednesday, January 7th. Citigroup boosted their price target on Domino’s Pizza from $420.00 to $440.00 and gave the company a “neutral” rating in a research note on Tuesday, February 24th. Guggenheim decreased their price objective on Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating on the stock in a report on Wednesday, February 25th. Finally, JPMorgan Chase & Co. upgraded Domino’s Pizza from a “neutral” rating to an “overweight” rating and lowered their price objective for the stock from $460.00 to $450.00 in a research report on Tuesday, February 24th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $475.71.

Domino’s Pizza Stock Performance

Shares of DPZ stock traded up $0.68 during trading on Friday, hitting $396.66. The company had a trading volume of 120,820 shares, compared to its average volume of 885,489. The firm has a market capitalization of $13.34 billion, a P/E ratio of 22.55, a price-to-earnings-growth ratio of 1.70 and a beta of 1.16. The stock’s 50-day moving average price is $400.74 and its 200 day moving average price is $416.95. Domino’s Pizza Inc has a one year low of $370.70 and a one year high of $499.08.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings data 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 company had revenue of $1.54 billion for the quarter. Domino’s Pizza had a negative return on equity of 15.28% and a net margin of 12.18%.Domino’s Pizza’s revenue for the quarter 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, research analysts anticipate that Domino’s Pizza Inc will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, March 13th will be given a $1.99 dividend. The ex-dividend date is Friday, March 13th. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.74. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.0%. Domino’s Pizza’s dividend payout ratio (DPR) is 39.61%.

Insider Activity at Domino’s Pizza

In related news, EVP Kelly E. Garcia sold 4,870 shares of the business’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $434.06, for a total value 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 $2,927,300.64. The trade was a 41.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.83% of the company’s stock.

Domino’s Pizza Company 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.