Federated Hermes Inc. Has $28.68 Million Stock Holdings in Domino’s Pizza, Inc. (NYSE:DPZ)

Federated Hermes Inc. lifted its stake in Domino’s Pizza, Inc. (NYSE:DPZ) by 96.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 55,541 shares of the restaurant operator’s stock after purchasing an additional 27,245 shares during the quarter. Federated Hermes Inc. owned 0.16% of Domino’s Pizza worth $28,677,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of DPZ. Gilbert & Cook Inc. increased its position in shares of Domino’s Pizza by 7.3% in the fourth quarter. Gilbert & Cook Inc. now owns 1,488 shares of the restaurant operator’s stock worth $613,000 after acquiring an additional 101 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in Domino’s Pizza by 9.2% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 962 shares of the restaurant operator’s stock worth $397,000 after purchasing an additional 81 shares during the period. Ieq Capital LLC grew its position in Domino’s Pizza by 9.7% during the 4th quarter. Ieq Capital LLC now owns 612 shares of the restaurant operator’s stock worth $252,000 after purchasing an additional 54 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in Domino’s Pizza by 4.8% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 1,679 shares of the restaurant operator’s stock valued at $692,000 after purchasing an additional 77 shares during the period. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Domino’s Pizza by 3.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 3,142 shares of the restaurant operator’s stock valued at $1,296,000 after purchasing an additional 98 shares in the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Benchmark lowered their price target on Domino’s Pizza from $575.00 to $520.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Barclays dropped their target price on Domino’s Pizza from $470.00 to $380.00 and set an “underweight” rating on the stock in a report on Friday, July 19th. Stephens decreased their price target on shares of Domino’s Pizza from $493.00 to $430.00 and set an “equal weight” rating for the company in a report on Friday, July 19th. Royal Bank of Canada dropped their price objective on shares of Domino’s Pizza from $575.00 to $500.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. Finally, TD Cowen reissued a “buy” rating and set a $610.00 target price on shares of Domino’s Pizza in a research note on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $512.04.

Domino’s Pizza Price Performance

Shares of Domino’s Pizza stock opened at $402.52 on Friday. The company has a market cap of $14.04 billion, a PE ratio of 26.27, a price-to-earnings-growth ratio of 2.14 and a beta of 0.86. The firm has a fifty day moving average price of $432.29 and a two-hundred day moving average price of $473.82. Domino’s Pizza, Inc. has a fifty-two week low of $330.05 and a fifty-two week high of $542.75.

Domino’s Pizza (NYSE:DPZ) last released its earnings results on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share for the quarter, beating the consensus estimate of $3.68 by $0.35. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter last year, the company earned $3.08 earnings per share. The firm’s revenue was up 7.1% on a year-over-year basis. Analysts expect that Domino’s Pizza, Inc. will post 16.24 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend is Friday, September 13th. Domino’s Pizza’s payout ratio is presently 39.43%.

Domino’s Pizza 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.