Illinois Municipal Retirement Fund Sells 6,168 Shares of Domino’s Pizza Inc $DPZ

Illinois Municipal Retirement Fund decreased its position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 24.6% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 18,857 shares of the restaurant operator’s stock after selling 6,168 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Domino’s Pizza were worth $8,497,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in DPZ. ProShare Advisors LLC lifted its stake in shares of Domino’s Pizza by 18.8% during the second quarter. ProShare Advisors LLC now owns 6,204 shares of the restaurant operator’s stock valued at $2,796,000 after acquiring an additional 983 shares during the period. Campbell & CO Investment Adviser LLC increased its position in Domino’s Pizza by 194.9% in the second quarter. Campbell & CO Investment Adviser LLC now owns 2,639 shares of the restaurant operator’s stock worth $1,189,000 after purchasing an additional 1,744 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Domino’s Pizza during the 2nd quarter worth about $785,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Domino’s Pizza by 2.2% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 63,971 shares of the restaurant operator’s stock worth $28,825,000 after purchasing an additional 1,403 shares during the last quarter. Finally, Aviva PLC lifted its position in Domino’s Pizza by 1,363.8% during the 2nd quarter. Aviva PLC now owns 18,985 shares of the restaurant operator’s stock valued at $8,555,000 after purchasing an additional 17,688 shares during the period. 94.63% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Domino’s Pizza

In other Domino’s Pizza news, Director James A. Goldman sold 1,000 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $451.49, for a total value of $451,490.00. Following the completion of the sale, the director directly owned 3,384 shares in the company, valued at $1,527,842.16. This represents a 22.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.83% of the company’s stock.

Domino’s Pizza Stock Performance

Shares of NASDAQ:DPZ opened at $409.23 on Wednesday. The company has a 50 day moving average price of $425.40 and a two-hundred day moving average price of $451.05. The company has a market capitalization of $13.83 billion, a PE ratio of 23.92, a PEG ratio of 2.15 and a beta of 1.09. Domino’s Pizza Inc has a 52 week low of $392.89 and a 52 week high of $500.55.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 earnings per share for the quarter, topping analysts’ consensus estimates of $3.96 by $0.12. Domino’s Pizza had a net margin of 12.16% and a negative return on equity of 14.91%. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period last year, the firm posted $4.19 earnings per share. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. On average, sell-side analysts forecast that Domino’s Pizza Inc will post 16.74 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Monday, December 15th will be paid a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Monday, December 15th. Domino’s Pizza’s payout ratio is presently 40.68%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DPZ. Bank of America lifted their price target on shares of Domino’s Pizza from $514.00 to $536.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. TD Cowen reaffirmed a “buy” rating and issued a $510.00 price objective on shares of Domino’s Pizza in a research note on Tuesday, October 14th. Citigroup lowered their target price on shares of Domino’s Pizza from $500.00 to $480.00 and set a “neutral” rating for the company in a report on Tuesday, September 30th. BTIG Research reiterated a “buy” rating and set a $530.00 target price on shares of Domino’s Pizza in a research report on Wednesday, October 15th. Finally, Morgan Stanley increased their price target on Domino’s Pizza from $520.00 to $535.00 and gave the company an “overweight” rating in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $490.32.

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.