Tredje AP fonden Sells 86 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

Tredje AP fonden lowered its position in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 1.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,436 shares of the restaurant operator’s stock after selling 86 shares during the period. Tredje AP fonden’s holdings in Domino’s Pizza were worth $2,807,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in DPZ. Coatue Management LLC bought a new stake in shares of Domino’s Pizza in the 4th quarter valued at about $322,859,000. Norges Bank purchased a new position in Domino’s Pizza during the fourth quarter valued at approximately $208,604,000. Price T Rowe Associates Inc. MD raised its stake in Domino’s Pizza by 107.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 444,780 shares of the restaurant operator’s stock worth $221,003,000 after buying an additional 230,090 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Domino’s Pizza by 5.8% during the first quarter. Vanguard Group Inc. now owns 4,098,664 shares of the restaurant operator’s stock worth $2,036,544,000 after buying an additional 222,949 shares during the period. Finally, TD Asset Management Inc boosted its position in Domino’s Pizza by 66.8% during the 4th quarter. TD Asset Management Inc now owns 497,111 shares of the restaurant operator’s stock valued at $204,924,000 after acquiring an additional 199,060 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DPZ. Baird R W raised Domino’s Pizza from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 8th. Royal Bank of Canada decreased their price target on shares of Domino’s Pizza from $575.00 to $500.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Oppenheimer cut their price objective on shares of Domino’s Pizza from $510.00 to $490.00 and set an “outperform” rating on the stock in a research report on Friday, September 6th. TD Cowen decreased their target price on shares of Domino’s Pizza from $520.00 to $475.00 and set a “buy” rating for the company in a research report on Monday. Finally, Stephens cut their price target on shares of Domino’s Pizza from $493.00 to $430.00 and set an “equal weight” rating on the stock in a report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $507.93.

Domino’s Pizza Stock Performance

NYSE DPZ opened at $411.71 on Friday. Domino’s Pizza, Inc. has a fifty-two week low of $330.05 and a fifty-two week high of $542.75. The firm has a market capitalization of $14.36 billion, a P/E ratio of 26.87, a PEG ratio of 2.14 and a beta of 0.86. The stock has a 50-day simple moving average of $427.79 and a two-hundred day simple moving average of $473.04.

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

Domino’s Pizza Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a dividend of $1.51 per share. The ex-dividend date is Friday, September 13th. This represents a $6.04 annualized dividend and a yield of 1.47%. Domino’s Pizza’s dividend payout ratio is presently 39.43%.

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.