Pensionfund Sabic Takes $1.53 Million Position in Domino’s Pizza Inc (DPZ)

Pensionfund Sabic bought a new stake in Domino’s Pizza Inc (NYSE:DPZ) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 7,700 shares of the restaurant operator’s stock, valued at approximately $1,529,000.

Several other hedge funds have also modified their holdings of the business. BlackRock Inc. boosted its holdings in shares of Domino’s Pizza by 0.5% in the 2nd quarter. BlackRock Inc. now owns 5,369,812 shares of the restaurant operator’s stock valued at $1,135,876,000 after purchasing an additional 24,988 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Domino’s Pizza by 8.5% in the 2nd quarter. Vanguard Group Inc. now owns 4,164,927 shares of the restaurant operator’s stock valued at $881,007,000 after purchasing an additional 327,585 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Domino’s Pizza by 43.7% in the 2nd quarter. Renaissance Technologies LLC now owns 3,060,900 shares of the restaurant operator’s stock valued at $647,472,000 after purchasing an additional 930,200 shares in the last quarter. State Street Corp boosted its holdings in shares of Domino’s Pizza by 1.1% in the 1st quarter. State Street Corp now owns 1,538,004 shares of the restaurant operator’s stock valued at $283,451,000 after purchasing an additional 16,726 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Domino’s Pizza by 26.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 732,223 shares of the restaurant operator’s stock valued at $154,887,000 after purchasing an additional 154,417 shares in the last quarter. 94.32% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Domino’s Pizza Inc (NYSE:DPZ) traded down 1.96% on Wednesday, reaching $188.50. The company’s stock had a trading volume of 612,195 shares. Domino’s Pizza Inc has a 12 month low of $151.23 and a 12 month high of $221.58. The stock has a 50 day moving average of $193.73 and a 200-day moving average of $196.44. The firm has a market cap of $9.10 billion, a price-to-earnings ratio of 37.46 and a beta of 0.36.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings results on Thursday, October 12th. The restaurant operator reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.05. Domino’s Pizza had a net margin of 9.47% and a negative return on equity of 12.59%. The business had revenue of $643.60 million during the quarter, compared to analyst estimates of $627.85 million. During the same period in the prior year, the business posted $0.96 earnings per share. The company’s revenue was up 13.6% on a year-over-year basis. On average, analysts anticipate that Domino’s Pizza Inc will post $5.73 EPS for the current year.

Domino’s Pizza announced that its board has initiated a stock repurchase plan on Wednesday, August 2nd that allows the company to buyback $1.25 billion in shares. This buyback authorization allows the restaurant operator to repurchase up to 13.5% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a dividend of $0.46 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.84 annualized dividend and a yield of 0.96%. Domino’s Pizza’s payout ratio is 35.11%.

A number of equities research analysts have weighed in on DPZ shares. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $210.00 target price (up previously from $204.00) on shares of Domino’s Pizza in a report on Monday, October 2nd. Instinet reaffirmed a “neutral” rating and issued a $198.00 target price (up previously from $196.00) on shares of Domino’s Pizza in a report on Saturday, July 22nd. Zacks Investment Research downgraded Domino’s Pizza from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Credit Suisse Group initiated coverage on Domino’s Pizza in a report on Wednesday, October 4th. They set a “neutral” rating and a $200.00 price objective on the stock. Finally, BidaskClub raised Domino’s Pizza from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. Twelve analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Domino’s Pizza presently has an average rating of “Hold” and an average price target of $205.18.

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Domino’s Pizza Profile

Domino’s Pizza, Inc is a pizza restaurant chain company. As of January 1, 2017, the Company operated in over 13,800 locations in over 85 markets around the world. The Company operates through three segments: domestic stores, international franchise and supply chain. Its basic menu features pizza products in various sizes and crust types.

Institutional Ownership by Quarter for Domino`s Pizza (NYSE:DPZ)

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