Northwestern Mutual Wealth Management Co. Raises Position in Domino’s Pizza Inc $DPZ

Northwestern Mutual Wealth Management Co. grew its stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 21,977.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 914,672 shares of the restaurant operator’s stock after purchasing an additional 910,529 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Domino’s Pizza were worth $381,254,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Johnson Financial Group Inc. lifted its stake in Domino’s Pizza by 200.0% in the third quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 56 shares during the period. MUFG Securities EMEA plc bought a new position in shares of Domino’s Pizza during the second quarter valued at $46,000. Smartleaf Asset Management LLC increased its holdings in shares of Domino’s Pizza by 64.2% during the third quarter. Smartleaf Asset Management LLC now owns 110 shares of the restaurant operator’s stock valued at $48,000 after acquiring an additional 43 shares in the last quarter. Activest Wealth Management increased its holdings in shares of Domino’s Pizza by 411.5% during the third quarter. Activest Wealth Management now owns 133 shares of the restaurant operator’s stock valued at $58,000 after acquiring an additional 107 shares in the last quarter. Finally, Atlantic Union Bankshares Corp increased its holdings in Domino’s Pizza by 85.5% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 141 shares of the restaurant operator’s stock worth $61,000 after buying an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DPZ. DA Davidson dropped their target price on Domino’s Pizza from $436.00 to $423.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Benchmark dropped their target price on Domino’s Pizza from $465.00 to $430.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. JPMorgan Chase & Co. dropped their target price on Domino’s Pizza from $450.00 to $440.00 and set an “overweight” rating on the stock in a research report on Friday, April 24th. Piper Sandler dropped their target price on Domino’s Pizza from $421.00 to $359.00 and set a “neutral” rating on the stock in a research report on Monday, April 27th. Finally, Gordon Haskett dropped their target price on Domino’s Pizza from $440.00 to $380.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. Seventeen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Domino’s Pizza presently has an average rating of “Hold” and an average price target of $419.74.

Domino’s Pizza Price Performance

NASDAQ:DPZ opened at $302.29 on Friday. Domino’s Pizza Inc has a 1 year low of $302.12 and a 1 year high of $499.08. The stock’s 50 day simple moving average is $361.95 and its two-hundred day simple moving average is $392.49. The company has a market cap of $10.05 billion, a price-to-earnings ratio of 17.40, a PEG ratio of 1.41 and a beta of 1.02.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings data on Monday, April 27th. The restaurant operator reported $4.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.16). Domino’s Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.The firm had revenue of $1.15 billion during the quarter. During the same quarter last year, the firm posted $4.33 earnings per share. Domino’s Pizza’s revenue was up 3.5% on a year-over-year basis. As a group, analysts anticipate that Domino’s Pizza Inc will post 19.15 EPS for the current year.

Domino’s Pizza Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $1.99 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $7.96 dividend on an annualized basis and a yield of 2.6%. Domino’s Pizza’s payout ratio is presently 45.83%.

Insider Transactions at Domino’s Pizza

In other news, EVP Kelly E. Garcia sold 488 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $332.31, for a total transaction of $162,167.28. Following the transaction, the executive vice president owned 9,352 shares of the company’s stock, valued at approximately $3,107,763.12. The trade was a 4.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.89% of the stock is currently owned by insiders.

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.