Legal & General Group Plc Invests $40.95 Million in Domino’s Pizza Inc $DPZ

Legal & General Group Plc acquired a new stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) in the second quarter, HoldingsChannel.com reports. The firm acquired 138,344 shares of the restaurant operator’s stock, valued at approximately $40,955,000.

Several other large investors have also bought and sold shares of DPZ. SHP Wealth Management purchased a new stake in shares of Domino’s Pizza during the fourth quarter valued at approximately $25,000. Annis Gardner Whiting Capital Advisors LLC increased its position in shares of 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 in the last quarter. Johnson Financial Group Inc. lifted its position in Domino’s Pizza by 200.0% in the 3rd 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 in the last quarter. MBM Wealth Consultants LLC purchased a new stake in Domino’s Pizza during the 1st quarter valued at $31,000. Finally, Rakuten Securities Inc. purchased a new stake in Domino’s Pizza during the 2nd quarter valued at $28,000. 94.63% of the stock is owned by hedge funds and other institutional investors.

Domino’s Pizza Trading Up 5.4%

DPZ opened at $350.00 on Friday. The firm’s 50 day simple moving average is $328.60 and its two-hundred day simple moving average is $345.64. The company has a market capitalization of $11.58 billion, a PE ratio of 19.85, a PEG ratio of 1.60 and a beta of 0.94. Domino’s Pizza Inc has a 1-year low of $282.00 and a 1-year high of $469.00.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings data 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). The business had revenue of $1.19 billion for the quarter. Domino’s Pizza had a net margin of 11.86% and a negative return on equity of 15.15%. Domino’s Pizza’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period last year, the firm posted $3.81 earnings per share. Equities analysts forecast that Domino’s Pizza Inc will post 18.89 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

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

Insider Activity

In other Domino’s Pizza news, EVP Kelly E. 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 value of $4,002,957.20. Following the completion of the sale, the executive vice president 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 filing with the SEC, which is available through this hyperlink. Also, CEO Russell J. Weiner sold 10,850 shares of the firm’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 completion of the transaction, the chief executive officer directly owned 43,829 shares in the company, valued at $14,499,948.07. This trade represents a 19.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 24,254 shares of company stock valued at $7,888,924 in the last three months. 0.89% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on DPZ shares. BTIG Research restated a “buy” rating and issued a $425.00 price target on shares of Domino’s Pizza in a research note on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Domino’s Pizza from $435.00 to $385.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Royal Bank Of Canada lifted their price target on shares of Domino’s Pizza from $325.00 to $350.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 21st. UBS Group reissued a “buy” rating on shares of Domino’s Pizza in a report on Tuesday, July 21st. Finally, KeyCorp restated a “sector weight” rating on shares of Domino’s Pizza in a report on Tuesday, July 21st. Sixteen equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $397.42.

About Domino’s Pizza

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.