Copeland Capital Management LLC acquired a new stake in Domino’s Pizza Inc (NYSE:DPZ) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 16,595 shares of the restaurant operator’s stock, valued at approximately $3,295,000.
A number of other large investors also recently added to or reduced their stakes in DPZ. Credit Suisse AG raised its position in Domino’s Pizza by 32.4% in the first quarter. Credit Suisse AG now owns 87,881 shares of the restaurant operator’s stock valued at $16,195,000 after purchasing an additional 21,508 shares during the period. KAMES CAPITAL plc raised its position in Domino’s Pizza by 36.2% in the second quarter. KAMES CAPITAL plc now owns 240,991 shares of the restaurant operator’s stock valued at $50,967,000 after purchasing an additional 64,037 shares during the period. Appleton Partners Inc. MA purchased a new position in Domino’s Pizza in the second quarter valued at about $3,685,000. CenturyLink Investment Management Co raised its position in Domino’s Pizza by 72.6% in the second quarter. CenturyLink Investment Management Co now owns 3,873 shares of the restaurant operator’s stock valued at $819,000 after purchasing an additional 1,629 shares during the period. Finally, NN Investment Partners Holdings N.V. raised its position in Domino’s Pizza by 12.4% in the second quarter. NN Investment Partners Holdings N.V. now owns 18,192 shares of the restaurant operator’s stock valued at $3,848,000 after purchasing an additional 2,014 shares during the period. 94.20% of the stock is currently owned by institutional investors.
A number of brokerages have recently issued reports on DPZ. Argus lowered Domino’s Pizza from a “buy” rating to a “hold” rating and lifted their target price for the stock from $145.00 to $183.30 in a research report on Friday, August 25th. Credit Suisse Group lifted their target price on Domino’s Pizza from $200.00 to $205.00 and gave the stock a “neutral” rating in a research report on Friday, October 13th. Zacks Investment Research lowered Domino’s Pizza from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. BidaskClub lowered Domino’s Pizza from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 18th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $215.00 target price on shares of Domino’s Pizza in a research report on Tuesday, July 25th. Ten investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $208.90.
In other Domino’s Pizza news, insider Russell J. Weiner sold 7,276 shares of the company’s stock in a transaction dated Tuesday, October 17th. The shares were sold at an average price of $195.00, for a total transaction of $1,418,820.00. Following the sale, the insider now directly owns 17,563 shares of the company’s stock, valued at $3,424,785. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 3.57% of the stock is currently owned by corporate insiders.
Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings data on Thursday, October 12th. The restaurant operator reported $1.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.05. The firm had revenue of $643.60 million for the quarter, compared to analysts’ expectations of $627.85 million. Domino’s Pizza had a net margin of 9.47% and a negative return on equity of 12.59%. The company’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.96 earnings per share.
Domino’s Pizza announced that its board has approved a stock buyback plan on Wednesday, August 2nd that authorizes the company to buyback $1.25 billion in outstanding shares. This buyback authorization authorizes the restaurant operator to repurchase up to 13.5% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid 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 1.01%. Domino’s Pizza’s dividend payout ratio is 35.11%.
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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.
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