Cibc World Market Inc. Acquires New Position in Domino’s Pizza Inc $DPZ

Cibc World Market Inc. bought a new position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 13,113 shares of the restaurant operator’s stock, valued at approximately $3,882,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Soroban Capital Partners LP acquired a new position in Domino’s Pizza in the first quarter valued at approximately $895,251,000. BlackRock Inc. acquired a new stake in Domino’s Pizza during the second quarter worth $715,704,000. Northwestern Mutual Wealth Management Co. increased its stake in Domino’s Pizza by 21,977.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 914,672 shares of the restaurant operator’s stock worth $381,254,000 after acquiring an additional 910,529 shares during the last quarter. Norges Bank purchased a new stake in Domino’s Pizza in the fourth quarter valued at $285,116,000. Finally, Arrowstreet Capital Limited Partnership raised its position in Domino’s Pizza by 247.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 527,246 shares of the restaurant operator’s stock valued at $189,171,000 after purchasing an additional 375,709 shares during the period. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Domino’s Pizza Stock Down 1.5%

NASDAQ DPZ opened at $344.56 on Thursday. Domino’s Pizza Inc has a 52 week low of $282.00 and a 52 week high of $469.00. The stock has a market capitalization of $11.40 billion, a PE ratio of 19.54, a price-to-earnings-growth ratio of 1.69 and a beta of 0.94. The firm has a 50 day moving average of $327.46 and a two-hundred day moving average of $346.05.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings data on Monday, July 20th. The restaurant operator reported $4.07 earnings per share for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.10). The firm had revenue of $1.19 billion during the quarter. Domino’s Pizza had a net margin of 11.86% and a negative return on equity of 15.15%. The company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the firm earned $3.81 EPS. On average, equities research analysts expect that Domino’s Pizza Inc will post 18.89 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 15th. Domino’s Pizza’s payout ratio is 45.15%.

Insider Transactions at Domino’s Pizza

In other news, EVP Kelly E. Garcia sold 12,430 shares of the firm’s stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $322.04, for a total transaction of $4,002,957.20. Following the sale, the executive vice president owned 9,352 shares of the company’s stock, valued at approximately $3,011,718.08. This trade represents a 57.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 sale, 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. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 24,254 shares of company stock valued at $7,888,924 over the last ninety days. 0.89% of the stock is owned by company insiders.

Analyst Ratings Changes

DPZ has been the subject of several research analyst reports. Weiss Ratings lowered shares of Domino’s Pizza from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. Wells Fargo & Company boosted their price target on shares of Domino’s Pizza from $325.00 to $350.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 21st. BTIG Research restated a “buy” rating and issued a $425.00 price objective on shares of Domino’s Pizza in a report on Tuesday, July 21st. Benchmark reaffirmed a “buy” rating on shares of Domino’s Pizza in a research report on Tuesday, July 21st. Finally, Rothschild & Co Redburn dropped their target price on shares of Domino’s Pizza from $340.00 to $290.00 in a report on Monday, May 11th. Sixteen investment 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. Based on data from MarketBeat.com, Domino’s Pizza presently has an average rating of “Hold” and an average target price 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.