Cibc World Market Inc. Takes $3.88 Million Position in Domino’s Pizza Inc $DPZ

Cibc World Market Inc. bought a new stake in Domino’s Pizza Inc (NASDAQ:DPZ) during the second quarter, Holdings Channel.com reports. The fund bought 13,113 shares of the restaurant operator’s stock, valued at approximately $3,882,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Berkshire Hathaway Inc boosted its stake in Domino’s Pizza by 12.3% in the fourth quarter. Berkshire Hathaway Inc now owns 3,350,000 shares of the restaurant operator’s stock valued at $1,396,347,000 after acquiring an additional 368,055 shares in the last quarter. Soroban Capital Partners LP acquired a new stake in shares of Domino’s Pizza during the first quarter worth about $895,251,000. BlackRock Inc. acquired a new stake in shares of Domino’s Pizza during the second quarter worth about $715,704,000. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Domino’s Pizza by 0.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,008,278 shares of the restaurant operator’s stock valued at $837,091,000 after purchasing an additional 7,497 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of Domino’s Pizza by 3.8% in the 4th quarter. State Street Corp now owns 1,368,924 shares of the restaurant operator’s stock valued at $570,595,000 after purchasing an additional 49,613 shares during the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Kelly E. Garcia sold 12,430 shares of the stock in a transaction on 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 of the company’s stock, valued at $3,011,718.08. This trade represents a 57.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Russell J. Weiner sold 10,850 shares of Domino’s Pizza stock in a transaction on Friday, July 17th. The shares were sold at an average price of $330.83, for a total transaction of $3,589,505.50. Following the completion of the transaction, the chief executive officer owned 43,829 shares in the company, valued at approximately $14,499,948.07. This trade represents a 19.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 24,254 shares of company stock worth $7,888,924. Corporate insiders own 0.89% of the company’s stock.

Analysts Set New Price Targets

DPZ has been the topic of a number of research reports. Robert W. Baird restated a “neutral” rating and set a $350.00 price target on shares of Domino’s Pizza in a research note on Monday. Royal Bank Of Canada boosted their price objective on Domino’s Pizza from $325.00 to $350.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 21st. Weiss Ratings downgraded Domino’s Pizza from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 29th. KeyCorp restated a “sector weight” rating on shares of Domino’s Pizza in a research report on Tuesday, July 21st. Finally, Benchmark reaffirmed a “buy” rating on shares of Domino’s Pizza in a report on Tuesday, July 21st. Sixteen research 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.com, the company presently has an average rating of “Hold” and an average price target of $397.42.

Domino’s Pizza Stock Performance

Shares of DPZ opened at $344.56 on Thursday. Domino’s Pizza Inc has a fifty-two week low of $282.00 and a fifty-two week high of $469.00. The firm has a 50-day simple moving average of $327.46 and a 200-day simple moving average of $346.05. The company has a market capitalization of $11.40 billion, a price-to-earnings ratio of 19.54, a price-to-earnings-growth ratio of 1.69 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 the consensus estimate of $4.17 by ($0.10). The company had revenue of $1.19 billion during the quarter. Domino’s Pizza had a net margin of 11.86% and a negative return on equity of 15.15%. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.81 EPS. Equities research analysts forecast that Domino’s Pizza Inc will post 18.89 EPS for the current year.

Domino’s Pizza Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $1.99 dividend. This represents a $7.96 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 15th. Domino’s Pizza’s dividend payout ratio (DPR) is 45.15%.

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.