755 Shares in Domino’s Pizza Inc (DPZ) Acquired by Meeder Asset Management Inc.

Meeder Asset Management Inc. acquired a new position in Domino’s Pizza Inc (NYSE:DPZ) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 755 shares of the restaurant operator’s stock, valued at approximately $160,000.

Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of Domino’s Pizza by 2,338.4% in the first quarter. BlackRock Inc. now owns 5,344,824 shares of the restaurant operator’s stock worth $985,052,000 after buying an additional 5,125,632 shares during the period. Vanguard Group Inc. boosted its stake in shares of Domino’s Pizza by 3.2% in the first quarter. Vanguard Group Inc. now owns 3,837,342 shares of the restaurant operator’s stock worth $707,222,000 after buying an additional 120,692 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Domino’s Pizza by 32.1% in the first quarter. Renaissance Technologies LLC now owns 2,130,700 shares of the restaurant operator’s stock worth $392,688,000 after buying an additional 517,200 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Domino’s Pizza by 499.8% in the first quarter. Ameriprise Financial Inc. now owns 1,750,503 shares of the restaurant operator’s stock worth $322,614,000 after buying an additional 1,458,667 shares during the period. Finally, State Street Corp boosted its stake in shares of Domino’s Pizza by 1.1% in the first quarter. State Street Corp now owns 1,538,004 shares of the restaurant operator’s stock worth $283,451,000 after buying an additional 16,726 shares during the period. 98.55% of the stock is owned by hedge funds and other institutional investors.

Domino’s Pizza Inc (NYSE DPZ) opened at 192.86 on Friday. The firm’s 50-day moving average is $203.55 and its 200 day moving average is $193.35. Domino’s Pizza Inc has a 52-week low of $143.47 and a 52-week high of $221.58. The company has a market cap of $9.31 billion, a price-to-earnings ratio of 38.33 and a beta of 0.35.

Domino’s Pizza (NYSE:DPZ) last announced its earnings results on Tuesday, July 25th. The restaurant operator reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.09. Domino’s Pizza had a net margin of 9.40% and a negative return on equity of 13.28%. The company had revenue of $628.61 million for the quarter, compared to analysts’ expectations of $609.87 million. During the same quarter in the previous year, the company posted $0.98 EPS. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. On average, equities research analysts predict that Domino’s Pizza Inc will post $5.70 EPS for the current fiscal year.

Domino’s Pizza announced that its Board of Directors has initiated a stock repurchase program on Wednesday, August 2nd that allows the company to buyback $1.25 billion in outstanding shares. This buyback authorization allows the restaurant operator to reacquire up to 13.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.46 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.84 annualized dividend and a yield of 0.95%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 36.65%.

COPYRIGHT VIOLATION WARNING: This story was reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this story on another site, it was stolen and reposted in violation of US & international copyright legislation. The original version of this story can be read at https://www.com-unik.info/2017/08/12/meeder-asset-management-inc-purchases-shares-of-755-dominos-pizza-inc-dpz-updated-updated.html.

A number of analysts have recently issued reports on DPZ shares. BidaskClub cut shares of Domino’s Pizza from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Instinet reissued a “neutral” rating and issued a $198.00 price objective (up from $196.00) on shares of Domino’s Pizza in a research note on Saturday, July 22nd. BTIG Research reissued a “buy” rating and issued a $233.00 price objective (up from $213.00) on shares of Domino’s Pizza in a research note on Thursday, June 1st. Zacks Investment Research lowered shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a research report on Wednesday, June 28th. Finally, Wells Fargo & Company restated a “market perform” rating and set a $212.00 target price on shares of Domino’s Pizza in a research report on Tuesday, July 18th. Eleven analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $195.38.

About Domino’s Pizza

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)

What are top analysts saying about Domino's Pizza Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Domino's Pizza Inc and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit