Domino’s Pizza, Inc. (NYSE:DPZ) Shares Acquired by Cadence Bank

Cadence Bank lifted its stake in Domino’s Pizza, Inc. (NYSE:DPZ) by 2.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 11,199 shares of the restaurant operator’s stock after purchasing an additional 253 shares during the quarter. Cadence Bank’s holdings in Domino’s Pizza were worth $4,817,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. Signaturefd LLC boosted its stake in shares of Domino’s Pizza by 25.2% in the second quarter. Signaturefd LLC now owns 129 shares of the restaurant operator’s stock valued at $67,000 after buying an additional 26 shares in the last quarter. Summit Trail Advisors LLC grew its stake in shares of Domino’s Pizza by 5.0% during the 2nd quarter. Summit Trail Advisors LLC now owns 568 shares of the restaurant operator’s stock worth $293,000 after purchasing an additional 27 shares during the period. Portside Wealth Group LLC increased its holdings in shares of Domino’s Pizza by 6.5% in the 2nd quarter. Portside Wealth Group LLC now owns 456 shares of the restaurant operator’s stock valued at $235,000 after purchasing an additional 28 shares in the last quarter. Larson Financial Group LLC grew its position in Domino’s Pizza by 4.6% during the second quarter. Larson Financial Group LLC now owns 663 shares of the restaurant operator’s stock worth $342,000 after buying an additional 29 shares during the period. Finally, Capital Insight Partners LLC boosted its stake in shares of Domino’s Pizza by 2.6% during the 2nd quarter. Capital Insight Partners LLC now owns 1,205 shares of the restaurant operator’s stock worth $622,000 after acquiring an additional 30 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Domino’s Pizza Trading Up 0.8 %

Shares of NYSE:DPZ opened at $472.86 on Wednesday. The firm has a fifty day moving average price of $428.20 and a 200 day moving average price of $454.75. Domino’s Pizza, Inc. has a 1 year low of $370.17 and a 1 year high of $542.75. The stock has a market capitalization of $16.33 billion, a PE ratio of 29.05, a P/E/G ratio of 2.52 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.65 by $0.54. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the prior year, the company earned $4.18 earnings per share. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, sell-side analysts forecast that Domino’s Pizza, Inc. will post 16.86 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a $1.51 dividend. This represents a $6.04 annualized dividend and a yield of 1.28%. The ex-dividend date is Friday, December 13th. Domino’s Pizza’s dividend payout ratio is currently 37.10%.

Insider Activity

In related news, Director Andrew Balson sold 6,970 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $428.27, for a total transaction of $2,985,041.90. Following the completion of the transaction, the director now directly owns 15,390 shares in the company, valued at $6,591,075.30. This represents a 31.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Kevin Scott Morris sold 2,646 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $459.00, for a total transaction of $1,214,514.00. Following the completion of the sale, the executive vice president now owns 1,966 shares in the company, valued at $902,394. This represents a 57.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.81% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Evercore ISI dropped their price objective on Domino’s Pizza from $500.00 to $480.00 and set an “outperform” rating for the company in a research note on Monday, October 7th. Piper Sandler dropped their price target on Domino’s Pizza from $436.00 to $429.00 and set a “neutral” rating for the company in a research report on Monday, October 7th. Barclays decreased their price objective on shares of Domino’s Pizza from $380.00 to $370.00 and set an “underweight” rating on the stock in a research report on Friday, October 11th. Loop Capital upgraded shares of Domino’s Pizza from a “hold” rating to a “buy” rating and lifted their target price for the stock from $419.00 to $559.00 in a research report on Friday, November 8th. Finally, Royal Bank of Canada reduced their target price on Domino’s Pizza from $500.00 to $490.00 and set an “outperform” rating on the stock in a research note on Friday, October 11th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $495.76.

Domino’s Pizza Company Profile

Domino’s Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. The company operates through three segments: U.S. Stores, International Franchise, and Supply Chain. It offers pizzas under the Domino’s brand name through company-owned and franchised stores.