Copeland Capital Management LLC Reduces Holdings in Domino’s Pizza Inc $DPZ

Copeland Capital Management LLC decreased its position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 3.8% during the first quarter, HoldingsChannel reports. The fund owned 59,977 shares of the restaurant operator’s stock after selling 2,401 shares during the quarter. Copeland Capital Management LLC’s holdings in Domino’s Pizza were worth $21,519,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Teacher Retirement System of Texas raised its position in Domino’s Pizza by 55.7% in the 4th quarter. Teacher Retirement System of Texas now owns 45,212 shares of the restaurant operator’s stock worth $18,845,000 after purchasing an additional 16,179 shares during the period. Amica Mutual Insurance Co. boosted its position in shares of Domino’s Pizza by 59.8% during the fourth quarter. Amica Mutual Insurance Co. now owns 16,576 shares of the restaurant operator’s stock valued at $6,909,000 after buying an additional 6,203 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Domino’s Pizza by 10.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 67,117 shares of the restaurant operator’s stock valued at $28,544,000 after buying an additional 6,223 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Domino’s Pizza by 21,977.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 914,672 shares of the restaurant operator’s stock worth $381,254,000 after buying an additional 910,529 shares during the period. Finally, Fisher Asset Management LLC raised its holdings in shares of Domino’s Pizza by 18.0% in the fourth quarter. Fisher Asset Management LLC now owns 34,632 shares of the restaurant operator’s stock worth $14,436,000 after buying an additional 5,282 shares during the period. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Insider Buying and Selling at Domino’s Pizza

In related news, EVP Kelly E. Garcia sold 487 shares of the company’s stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $297.01, for a total value of $144,643.87. Following the completion of the sale, the executive vice president directly owned 9,352 shares of the company’s stock, valued at $2,777,637.52. This represents a 4.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 1,950 shares of company stock valued at $611,451 in the last ninety days. Insiders own 0.89% of the company’s stock.

Domino’s Pizza Stock Down 2.3%

DPZ opened at $322.18 on Friday. The stock’s fifty day moving average is $308.93 and its two-hundred day moving average is $358.76. The company has a market capitalization of $10.72 billion, a P/E ratio of 18.55, a PEG ratio of 1.59 and a beta of 0.97. Domino’s Pizza Inc has a 52 week low of $282.00 and a 52 week high of $496.00.

Domino’s Pizza (NASDAQ:DPZ) last issued its earnings results on Monday, April 27th. The restaurant operator reported $4.13 earnings per share for the quarter, missing the consensus estimate of $4.29 by ($0.16). Domino’s Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.The firm had revenue of $1.15 billion during the quarter. During the same period last year, the company earned $4.33 EPS. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. Equities analysts anticipate that Domino’s Pizza Inc will post 18.88 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a $1.99 dividend. This represents a $7.96 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Monday, June 15th. Domino’s Pizza’s payout ratio is presently 45.83%.

Wall Street Analysts Forecast Growth

DPZ has been the subject of a number of recent analyst reports. TD Cowen dropped their price objective on Domino’s Pizza from $350.00 to $295.00 and set a “hold” rating for the company in a report on Thursday, July 9th. Wells Fargo & Company reduced their target price on Domino’s Pizza from $350.00 to $325.00 and set an “equal weight” rating on the stock in a research note on Thursday. Citigroup decreased their target price on Domino’s Pizza from $365.00 to $335.00 and set a “neutral” rating for the company in a research report on Tuesday, July 7th. Stifel Nicolaus set a $400.00 price target on shares of Domino’s Pizza in a report on Monday, April 27th. Finally, The Goldman Sachs Group reduced their price target on shares of Domino’s Pizza from $480.00 to $430.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. Seventeen analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Domino’s Pizza presently has a consensus rating of “Moderate Buy” and a consensus target price of $400.57.

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.