Domino’s Pizza Enterprises Ltd (ASX:DMP) shares up despite bloated CEO pay packet

Shares in Domino’s Pizza Enterprises Ltd (ASX: DMP) are up 2.2% to $49.92 at the time of writing, despite news out of the Sydney Morning Herald its CEO is Australia’s highest paid – with his $36.8 million wage coming in more than 400 times the average.

Investors are throwing their support behind Domino’s this week, with its shares among the best S&P/ASX 200 performers on July 16 helped by a positive broker note out of Morgan Stanley with a price target increase from $55 to $65.

Domino’s is tipped to achieve EPS of more than $2 in FY19, with plans to double its store network.

But will investors have a delayed reaction to news of its CEO’s bloated pay packet?

Given Dominos was named by Citi as a stock to sell earlier this month investors certainly need to do their due diligence on this one.

Other consumables stocks to watch right now include Freedom Foods Group Ltd (ASX: FNP) – up 3.1% to $5.94 and Coca-Cola Amatil Ltd (ASX: CCL) – up slightly to $9.59.

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Motley Fool contributor Carin Pickworth has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Coca-Cola Amatil Limited, Domino's Pizza Enterprises Limited, and Freedom Foods Group Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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