Korea Investment CORP Takes Position in Domino’s Pizza Inc $DPZ

Korea Investment CORP acquired a new position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,753 shares of the restaurant operator’s stock, valued at approximately $1,111,000.

Several other institutional investors have also made changes to their positions in the business. Andina Capital Management LLC raised its position in Domino’s Pizza by 3.1% in the fourth quarter. Andina Capital Management LLC now owns 1,097 shares of the restaurant operator’s stock worth $457,000 after purchasing an additional 33 shares in the last quarter. Diversify Advisory Services LLC boosted its holdings in Domino’s Pizza by 5.1% during the third quarter. Diversify Advisory Services LLC now owns 682 shares of the restaurant operator’s stock valued at $275,000 after purchasing an additional 33 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its stake in shares of Domino’s Pizza by 97.1% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 34 shares during the period. Unified Investment Management grew its stake in shares of Domino’s Pizza by 5.5% in the 4th quarter. Unified Investment Management now owns 745 shares of the restaurant operator’s stock valued at $311,000 after purchasing an additional 39 shares during the period. Finally, Principal Securities Inc. raised its holdings in shares of Domino’s Pizza by 4.2% in the 4th quarter. Principal Securities Inc. now owns 1,078 shares of the restaurant operator’s stock worth $449,000 after buying an additional 43 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on DPZ shares. Morgan Stanley decreased their price target on Domino’s Pizza from $395.00 to $370.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 15th. Evercore reissued an “outperform” rating on shares of Domino’s Pizza in a report on Thursday, July 9th. Northcoast Research reduced their target price on shares of Domino’s Pizza from $525.00 to $445.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. TD Cowen upped their target price on shares of Domino’s Pizza from $295.00 to $310.00 and gave the stock a “hold” rating in a report on Monday, July 20th. Finally, The Goldman Sachs Group lowered their target price on shares of Domino’s Pizza from $480.00 to $430.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. Sixteen analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $397.42.

Insider Transactions at Domino’s Pizza

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 12,430 shares of the firm’s stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of $322.04, for a total value of $4,002,957.20. Following the completion of the sale, the executive vice president owned 9,352 shares in the company, valued at approximately $3,011,718.08. This trade represents a 57.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Russell J. Weiner sold 10,850 shares of the business’s stock in a transaction dated Friday, July 17th. The stock was sold at an average price of $330.83, for a total transaction of $3,589,505.50. Following the completion of the transaction, the chief executive officer directly owned 43,829 shares of the company’s stock, valued at approximately $14,499,948.07. This represents a 19.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 24,254 shares of company stock worth $7,888,924. Insiders own 0.89% of the company’s stock.

Domino’s Pizza Price Performance

DPZ stock opened at $349.91 on Wednesday. The business has a fifty day moving average price of $326.86 and a 200 day moving average price of $346.39. Domino’s Pizza Inc has a fifty-two week low of $282.00 and a fifty-two week high of $469.00. The stock has a market capitalization of $11.58 billion, a price-to-earnings ratio of 19.85, a P/E/G ratio of 1.68 and a beta of 0.94.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings data on Monday, July 20th. The restaurant operator reported $4.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.17 by ($0.10). The business 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 business’s revenue was up 4.3% on a year-over-year basis. During the same period last year, the firm posted $3.81 EPS. On average, equities analysts expect that Domino’s Pizza Inc will post 18.88 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $1.99 per share. The ex-dividend date is Tuesday, September 15th. This represents a $7.96 annualized dividend and a yield of 2.3%. Domino’s Pizza’s dividend payout ratio is 45.15%.

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.