Forsta AP Fonden Sells 800 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

Forsta AP Fonden trimmed its stake in Domino’s Pizza, Inc. (NYSE:DPZ) by 7.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,500 shares of the restaurant operator’s stock after selling 800 shares during the period. Forsta AP Fonden’s holdings in Domino’s Pizza were worth $4,905,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Blue Trust Inc. raised its holdings in shares of Domino’s Pizza by 162.5% in the second quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock valued at $31,000 after buying an additional 39 shares during the last quarter. Crewe Advisors LLC acquired a new stake in Domino’s Pizza in the 1st quarter valued at about $36,000. Versant Capital Management Inc increased its position in Domino’s Pizza by 654.5% in the 2nd quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock valued at $43,000 after acquiring an additional 72 shares in the last quarter. Quadrant Capital Group LLC increased its position in Domino’s Pizza by 41.8% in the 4th quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock valued at $46,000 after acquiring an additional 33 shares in the last quarter. Finally, ORG Partners LLC acquired a new stake in Domino’s Pizza in the 2nd quarter valued at about $62,000. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Trading Down 0.4 %

DPZ stock opened at $402.52 on Friday. The stock has a 50-day moving average price of $432.29 and a two-hundred day moving average price of $473.82. The stock has a market cap of $14.04 billion, a PE ratio of 26.27, a price-to-earnings-growth ratio of 2.14 and a beta of 0.86. Domino’s Pizza, Inc. has a 1 year low of $330.05 and a 1 year high of $542.75.

Domino’s Pizza (NYSE:DPZ) last released its earnings results on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.68 by $0.35. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Domino’s Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. The company’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.08 EPS. On average, analysts forecast that Domino’s Pizza, Inc. will post 16.24 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be issued a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Friday, September 13th. Domino’s Pizza’s dividend payout ratio (DPR) is presently 39.43%.

Analyst Ratings Changes

Several research firms have weighed in on DPZ. Robert W. Baird lowered their price objective on shares of Domino’s Pizza from $580.00 to $535.00 and set an “outperform” rating for the company in a research report on Thursday. JPMorgan Chase & Co. lowered their price objective on shares of Domino’s Pizza from $470.00 to $450.00 and set a “neutral” rating for the company in a research report on Friday, July 19th. BMO Capital Markets reduced their target price on shares of Domino’s Pizza from $525.00 to $510.00 and set an “outperform” rating on the stock in a research note on Wednesday. Wedbush reaffirmed an “outperform” rating and issued a $575.00 target price on shares of Domino’s Pizza in a research note on Monday, July 15th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Domino’s Pizza from $580.00 to $500.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. One analyst has rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $512.04.

About Domino’s Pizza

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. The company operates through three segments: U.S. Stores, International Franchise, and Supply Chain. It offers pizzas under the Domino's brand name through company-owned and franchised stores.