Ferguson Wellman Capital Management Inc. Boosts Stock Position in Domino’s Pizza Inc $DPZ

Ferguson Wellman Capital Management Inc. boosted its position in Domino’s Pizza Inc (NASDAQ:DPZ) by 3,315.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 82,205 shares of the restaurant operator’s stock after purchasing an additional 79,798 shares during the quarter. Ferguson Wellman Capital Management Inc. owned approximately 0.25% of Domino’s Pizza worth $24,336,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. SHP Wealth Management purchased a new position in shares of Domino’s Pizza in the 4th quarter worth approximately $25,000. Annis Gardner Whiting Capital Advisors LLC lifted its position in Domino’s Pizza by 97.1% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 34 shares during the last quarter. Johnson Financial Group Inc. lifted its position in Domino’s Pizza by 200.0% during the third quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 56 shares during the last quarter. MBM Wealth Consultants LLC acquired a new stake in Domino’s Pizza in the first quarter valued at approximately $31,000. Finally, Rakuten Securities Inc. acquired a new stake in Domino’s Pizza in the second quarter valued at approximately $28,000. 94.63% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Domino’s Pizza news, CEO Russell J. Weiner sold 10,850 shares of Domino’s Pizza stock in a transaction dated 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 completion of the sale, the chief executive officer owned 43,829 shares of the company’s stock, valued at approximately $14,499,948.07. The trade was a 19.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Kelly E. Garcia sold 12,430 shares of the business’s stock in a transaction dated 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 sale, the executive vice president owned 9,352 shares in the company, valued at approximately $3,011,718.08. The trade was a 57.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 24,254 shares of company stock valued at $7,888,924 in the last 90 days. 0.89% of the stock is currently owned by company insiders.

Domino’s Pizza Trading Up 5.4%

NASDAQ:DPZ 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 company 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. The company’s 50 day moving average is $328.60 and its two-hundred day moving average is $345.64.

Domino’s Pizza (NASDAQ:DPZ) last posted 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 company had revenue of $1.19 billion during the quarter. During the same period in the prior year, the company posted $3.81 earnings per share. The company’s revenue was up 4.3% on a year-over-year basis. As a group, analysts expect that Domino’s Pizza Inc will post 18.89 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

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

Wall Street Analyst Weigh In

DPZ has been the topic of a number of recent analyst reports. UBS Group reaffirmed a “buy” rating on shares of Domino’s Pizza in a research report on Tuesday, July 21st. Royal Bank Of Canada raised their price objective on Domino’s Pizza from $325.00 to $350.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 21st. Evercore restated an “outperform” rating on shares of Domino’s Pizza in a research note on Thursday, July 9th. JPMorgan Chase & Co. reduced their target price on Domino’s Pizza from $430.00 to $380.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 23rd. Finally, Loop Capital reiterated a “hold” rating and issued a $353.00 price target on shares of Domino’s Pizza in a research note on Monday, August 10th. Sixteen equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $397.42.

Domino’s Pizza 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.