Mcmorgan & Co. LLC Has $740,000 Stock Holdings in Domino’s Pizza, Inc. (NYSE:DPZ)

Mcmorgan & Co. LLC lowered its stake in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 15.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,434 shares of the restaurant operator’s stock after selling 265 shares during the quarter. Mcmorgan & Co. LLC’s holdings in Domino’s Pizza were worth $740,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in DPZ. Coatue Management LLC bought a new position in Domino’s Pizza in the 4th quarter worth approximately $322,859,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Domino’s Pizza by 107.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 444,780 shares of the restaurant operator’s stock valued at $221,003,000 after acquiring an additional 230,090 shares during the period. Vanguard Group Inc. boosted its holdings in Domino’s Pizza by 5.8% in the first quarter. Vanguard Group Inc. now owns 4,098,664 shares of the restaurant operator’s stock valued at $2,036,544,000 after acquiring an additional 222,949 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Domino’s Pizza by 85.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 327,166 shares of the restaurant operator’s stock worth $168,926,000 after purchasing an additional 150,526 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in Domino’s Pizza during the 2nd quarter valued at about $72,296,000. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Trading Up 1.5 %

NYSE DPZ opened at $432.35 on Friday. The firm’s fifty day moving average price is $422.02 and its two-hundred day moving average price is $471.79. Domino’s Pizza, Inc. has a 1 year low of $330.05 and a 1 year high of $542.75. The firm has a market capitalization of $15.12 billion, a P/E ratio of 28.22, a price-to-earnings-growth ratio of 2.21 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last issued its earnings results on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the prior year, the firm earned $3.08 EPS. Domino’s Pizza’s quarterly revenue was up 7.1% compared to the same quarter last year. On average, research analysts anticipate that Domino’s Pizza, Inc. will post 16.24 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date is Friday, September 13th. Domino’s Pizza’s payout ratio is currently 39.43%.

Analyst Ratings Changes

DPZ has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their price objective on shares of Domino’s Pizza from $450.00 to $470.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Benchmark reduced their target price 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. Loop Capital restated a “hold” rating and set a $419.00 target price on shares of Domino’s Pizza in a research report on Friday, September 20th. Wedbush reaffirmed an “outperform” rating and issued a $575.00 price target on shares of Domino’s Pizza in a research note on Monday, July 15th. Finally, Stephens lowered their price target on Domino’s Pizza from $493.00 to $430.00 and set an “equal weight” rating for the company in a research note on Friday, July 19th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $506.28.

About Domino’s Pizza

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.