International Assets Investment Management LLC Acquires 46 Shares of Domino’s Pizza, Inc. (NYSE:DPZ) (2024)

Posted by MarketBeat News on Jun 24th, 2024

International Assets Investment Management LLC Acquires 46 Shares of Domino’s Pizza, Inc. (NYSE:DPZ) (1)International Assets Investment Management LLC increased its holdings in Domino’s Pizza, Inc. (NYSE:DPZFree Report) by 3.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,258 shares of the restaurant operator’s stock after acquiring an additional 46 shares during the period. International Assets Investment Management LLC’s holdings in Domino’s Pizza were worth $621,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of DPZ. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Domino’s Pizza during the fourth quarter worth $25,000. Creative Financial Designs Inc. ADV raised its position in shares of Domino’s Pizza by 127.8% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 82 shares of the restaurant operator’s stock worth $34,000 after buying an additional 46 shares in the last quarter. Quadrant Capital Group LLC raised its position in shares of Domino’s Pizza by 41.8% in the fourth quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock worth $46,000 after buying an additional 33 shares in the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of Domino’s Pizza in the third quarter worth $49,000. Finally, Parkside Financial Bank & Trust raised its position in shares of Domino’s Pizza by 67.4% in the third quarter. Parkside Financial Bank & Trust now owns 149 shares of the restaurant operator’s stock worth $56,000 after buying an additional 60 shares in the last quarter. 94.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DPZ has been the topic of a number of recent analyst reports. Evercore ISI increased their price objective on Domino’s Pizza from $510.00 to $560.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. TD Cowen increased their price objective on Domino’s Pizza from $580.00 to $610.00 and gave the stock a “buy” rating in a research report on Thursday, June 13th. Morgan Stanley raised their price target on Domino’s Pizza from $485.00 to $515.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. TD Securities restated a “buy” rating and set a $580.00 price target on shares of Domino’s Pizza in a research report on Thursday, May 16th. Finally, Stephens raised their price target on Domino’s Pizza from $479.00 to $513.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, Domino’s Pizza currently has an average rating of “Moderate Buy” and an average target price of $525.66.

Get Our Latest Stock Analysis on Domino’s Pizza

Insider Transactions at Domino’s Pizza

In other news, CEO Russell J. Weiner sold 11,780 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $526.37, for a total value of $6,200,638.60. Following the completion of the sale, the chief executive officer now owns 32,001 shares in the company, valued at approximately $16,844,366.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Cynthia A. Headen sold 745 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $530.30, for a total value of $395,073.50. Following the transaction, the executive vice president now owns 3,910 shares of the company’s stock, valued at approximately $2,073,473. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Russell J. Weiner sold 11,780 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $526.37, for a total transaction of $6,200,638.60. Following the completion of the transaction, the chief executive officer now directly owns 32,001 shares in the company, valued at approximately $16,844,366.37. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,633 shares of company stock worth $6,649,181. 0.76% of the stock is currently owned by insiders.

Domino’s Pizza Stock Performance

Shares of Domino’s Pizza stock opened at $521.83 on Monday. The company has a market capitalization of $18.20 billion, a P/E ratio of 34.06, a P/E/G ratio of 2.59 and a beta of 0.85. The company has a fifty day moving average of $511.20 and a 200 day moving average of $462.26. Domino’s Pizza, Inc. has a fifty-two week low of $313.87 and a fifty-two week high of $542.75.

Domino’s Pizza (NYSE:DPZGet Free Report) last posted its earnings results on Monday, April 29th. The restaurant operator reported $3.58 EPS for the quarter, topping analysts’ consensus estimates of $3.46 by $0.12. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.08 billion. Domino’s Pizza had a negative return on equity of 13.19% and a net margin of 11.90%. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the previous year, the business earned $2.93 earnings per share. Analysts forecast that Domino’s Pizza, Inc. will post 16 EPS for the current year.

Domino’s Pizza Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $1.51 per share. The ex-dividend date is Friday, June 14th. This represents a $6.04 annualized dividend and a yield of 1.16%. Domino’s Pizza’s dividend payout ratio (DPR) is currently 39.43%.

Domino’s Pizza Company Profile

(Free Report)

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.

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International Assets Investment Management LLC Acquires 46 Shares of Domino’s Pizza, Inc. (NYSE:DPZ) (2)

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International Assets Investment Management LLC Acquires 46 Shares of Domino’s Pizza, Inc. (NYSE:DPZ) (2024)
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