Apollon Wealth Management LLC Has $202,000 Stake in Domino’s Pizza, Inc. (NYSE:DPZ)

Apollon Wealth Management LLC reduced its holdings in Domino’s Pizza, Inc. (NYSE:DPZ) by 13.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 469 shares of the restaurant operator’s stock after selling 75 shares during the period. Apollon Wealth Management LLC’s holdings in Domino’s Pizza were worth $202,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DPZ. Blue Trust Inc. raised its holdings in Domino’s Pizza by 162.5% during the second quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock worth $31,000 after acquiring an additional 39 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of Domino’s Pizza during the 3rd quarter worth approximately $30,000. Crewe Advisors LLC bought a new position in shares of Domino’s Pizza in the first quarter valued at $36,000. Versant Capital Management Inc increased its holdings in Domino’s Pizza by 654.5% during the second quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock worth $43,000 after buying an additional 72 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Domino’s Pizza during the third quarter worth $43,000. 94.63% of the stock is owned by institutional investors.

Insider Activity at Domino’s Pizza

In other Domino’s Pizza news, Director Andrew Balson sold 6,970 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $428.27, for a total value of $2,985,041.90. Following the completion of the transaction, the director now directly owns 15,390 shares in the company, valued at approximately $6,591,075.30. This trade represents a 31.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.76% of the stock is owned by insiders.

Domino’s Pizza Stock Performance

Shares of DPZ stock opened at $445.02 on Tuesday. Domino’s Pizza, Inc. has a fifty-two week low of $367.24 and a fifty-two week high of $542.75. The company has a market cap of $15.37 billion, a PE ratio of 27.34, a P/E/G ratio of 2.31 and a beta of 0.86. The stock’s fifty day moving average price is $424.10 and its two-hundred day moving average price is $457.14.

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

Domino’s Pizza Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Friday, December 13th. Domino’s Pizza’s dividend payout ratio is 37.10%.

Wall Street Analyst Weigh In

DPZ has been the topic of several recent analyst reports. Guggenheim lowered their price objective on shares of Domino’s Pizza from $485.00 to $460.00 and set a “neutral” rating on the stock in a research note on Thursday, September 26th. Stephens lowered their price target on Domino’s Pizza from $430.00 to $420.00 and set an “equal weight” rating on the stock in a research report on Friday, October 11th. Barclays cut their price objective on Domino’s Pizza from $380.00 to $370.00 and set an “underweight” rating for the company in a research report on Friday, October 11th. BMO Capital Markets decreased their target price on Domino’s Pizza from $510.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, October 11th. Finally, Bank of America cut their price target on Domino’s Pizza from $582.00 to $557.00 and set a “buy” rating for the company in a report on Friday, October 11th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $494.38.

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.