International Assets Investment Management LLC Increases Stock Position in Domino’s Pizza, Inc. (NYSE:DPZ) (2024)

Posted by Defense World Staff on Jun 24th, 2024

International Assets Investment Management LLC Increases Stock Position in Domino’s Pizza, Inc. (NYSE:DPZ) (1)International Assets Investment Management LLC boosted its stake in shares of 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 and Exchange Commission (SEC). The firm owned 1,258 shares of the restaurant operator’s stock after buying an additional 46 shares during the quarter. International Assets Investment Management LLC’s holdings in Domino’s Pizza were worth $621,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Domino’s Pizza in the fourth quarter valued at approximately $25,000. Creative Financial Designs Inc. ADV boosted its stake 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 valued at $34,000 after purchasing an additional 46 shares during the period. Quadrant Capital Group LLC lifted its stake in 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 acquiring an additional 33 shares during the last quarter. Jones Financial Companies Lllp purchased a new position in Domino’s Pizza in the third quarter worth approximately $49,000. Finally, Parkside Financial Bank & Trust lifted its stake in 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 acquiring an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Insider Activity

In other news, EVP Cynthia A. Headen sold 108 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $495.08, for a total transaction of $53,468.64. Following the transaction, the executive vice president now directly owns 3,910 shares of the company’s stock, valued at $1,935,762.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Russell J. Weiner sold 11,780 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $526.37, for a total value of $6,200,638.60. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Cynthia A. Headen sold 108 shares of the stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total value of $53,468.64. Following the completion of the transaction, the executive vice president now owns 3,910 shares of the company’s stock, valued at approximately $1,935,762.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,633 shares of company stock valued at $6,649,181. Company insiders own 0.76% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Argus raised their price objective on shares of Domino’s Pizza from $580.00 to $600.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. The Goldman Sachs Group assumed coverage on shares of Domino’s Pizza in a research report on Thursday, June 13th. They set a “buy” rating and a $612.00 target price on the stock. Evercore ISI boosted their target price on shares of Domino’s Pizza from $510.00 to $560.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. Wedbush reiterated an “outperform” rating and issued a $575.00 price objective on shares of Domino’s Pizza in a research report on Monday, June 10th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Domino’s Pizza from $555.00 to $580.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $525.66.

Check Out Our Latest Report on DPZ

Domino’s Pizza Trading Down 0.6 %

Domino’s Pizza stock opened at $521.83 on Monday. The stock has a market cap of $18.20 billion, a P/E ratio of 34.06, a price-to-earnings-growth ratio of 2.59 and a beta of 0.85. The stock has a 50 day moving average of $511.20 and a 200-day moving average of $462.26. Domino’s Pizza, Inc. has a 52 week low of $313.87 and a 52 week high of $542.75.

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

Domino’s Pizza Dividend Announcement

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

Domino’s Pizza 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 Increases Stock Position in Domino’s Pizza, Inc. (NYSE:DPZ) (2)

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International Assets Investment Management LLC Increases Stock Position in Domino’s Pizza, Inc. (NYSE:DPZ) (2024)
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