Prudential PLC lessened its holdings in shares of Domino’s Pizza, Inc. (NYSE:DPZ – Get Rating) by 59.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,577 shares of the restaurant operator’s stock after selling 3,847 shares during the period. Prudential PLC’s holdings in Domino’s Pizza were worth $893,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. New York State Common Retirement Fund grew its holdings in shares of Domino’s Pizza by 2.8% in the 4th quarter. New York State Common Retirement Fund now owns 50,778 shares of the restaurant operator’s stock valued at $17,589,000 after buying an additional 1,397 shares during the period. Strs Ohio bought a new stake in Domino’s Pizza in the 4th quarter valued at $12,124,000. Fred Alger Management LLC lifted its position in Domino’s Pizza by 141.7% in the 3rd quarter. Fred Alger Management LLC now owns 198,020 shares of the restaurant operator’s stock valued at $61,426,000 after acquiring an additional 116,100 shares in the last quarter. Credit Agricole S A lifted its position in Domino’s Pizza by 31.3% in the 3rd quarter. Credit Agricole S A now owns 1,144 shares of the restaurant operator’s stock valued at $355,000 after acquiring an additional 273 shares in the last quarter. Finally, Toronto Dominion Bank lifted its position in Domino’s Pizza by 168.6% in the 3rd quarter. Toronto Dominion Bank now owns 46,209 shares of the restaurant operator’s stock valued at $14,329,000 after acquiring an additional 29,003 shares in the last quarter. Institutional investors and hedge funds own 90.32% of the company’s stock.
Analysts Set New Price Targets
Several research firms recently commented on DPZ. BTIG Research cut their price objective on shares of Domino’s Pizza from $460.00 to $400.00 and set a “buy” rating on the stock in a research report on Friday, February 24th. Stephens reissued an “equal weight” rating and set a $300.00 price target on shares of Domino’s Pizza in a research report on Thursday, March 23rd. UBS Group cut their price target on shares of Domino’s Pizza from $410.00 to $370.00 and set a “buy” rating on the stock in a research report on Friday, February 24th. TD Cowen reaffirmed a “market perform” rating and issued a $320.00 target price on shares of Domino’s Pizza in a report on Monday, April 3rd. Finally, Cowen decreased their price target on shares of Domino’s Pizza from $362.00 to $320.00 and set a “market perform” rating on the stock in a research note on Friday, February 24th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $355.27.
Domino’s Pizza Trading Down 1.9 %
Domino’s Pizza (NYSE:DPZ – Get Rating) last posted its quarterly earnings results on Thursday, April 27th. The restaurant operator reported $2.93 EPS for the quarter, topping analysts’ consensus estimates of $2.66 by $0.27. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Domino’s Pizza had a net margin of 10.24% and a negative return on equity of 11.07%. The business’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period last year, the company posted $2.50 earnings per share. Equities analysts predict that Domino’s Pizza, Inc. will post 13.28 earnings per share for the current fiscal year.
Domino’s Pizza Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be issued a dividend of $1.21 per share. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date is Wednesday, June 14th. Domino’s Pizza’s dividend payout ratio is currently 37.32%.
Insider Activity
In related news, EVP Cynthia A. Headen sold 136 shares of the firm’s stock in a transaction dated Monday, March 13th. The shares were sold at an average price of $300.00, for a total transaction of $40,800.00. Following the transaction, the executive vice president now directly owns 4,867 shares of the company’s stock, valued at $1,460,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.76% of the company’s stock.
Domino’s Pizza Profile
Domino’s Pizza, Inc engages in the management of a network of company-owned and franchise-owned pizza stores. It operates through the following segments: U.S. Stores, International Franchise, and Supply Chain. The U.S. Stores segment consists primarily of franchise operations. The International Franchise segment comprises a network of franchised stores.
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