Wealthfront Advisers LLC reduced its holdings in Domino’s Pizza, Inc. (NYSE:DPZ – Free Report) by 17.0% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,106 shares of the restaurant operator’s stock after selling 430 shares during the quarter. Wealthfront Advisers LLC’s holdings in Domino’s Pizza were worth $695,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of Domino’s Pizza by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 3,884,266 shares of the restaurant operator’s stock valued at $1,580,935,000 after purchasing an additional 28,157 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in Domino’s Pizza by 23.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,616,607 shares of the restaurant operator’s stock worth $559,993,000 after buying an additional 306,750 shares during the period. Principal Financial Group Inc. lifted its holdings in Domino’s Pizza by 13.9% in the 4th quarter. Principal Financial Group Inc. now owns 1,608,101 shares of the restaurant operator’s stock worth $557,046,000 after buying an additional 196,063 shares during the period. Norges Bank purchased a new stake in Domino’s Pizza in the 4th quarter worth approximately $369,800,000. Finally, Renaissance Technologies LLC lifted its holdings in Domino’s Pizza by 8.9% in the 1st quarter. Renaissance Technologies LLC now owns 1,040,825 shares of the restaurant operator’s stock worth $423,626,000 after buying an additional 84,947 shares during the period. 90.58% of the stock is currently owned by institutional investors.
Domino’s Pizza Stock Down 0.6 %
Domino’s Pizza stock opened at $385.44 on Monday. The business has a fifty day moving average of $326.90 and a two-hundred day moving average of $328.62. The firm has a market cap of $13.62 billion, a P/E ratio of 29.72, a P/E/G ratio of 2.22 and a beta of 0.83. Domino’s Pizza, Inc. has a twelve month low of $285.84 and a twelve month high of $417.23.
Domino’s Pizza Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Thursday, June 15th were paid a dividend of $1.21 per share. This represents a $4.84 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend was Wednesday, June 14th. Domino’s Pizza’s payout ratio is currently 37.32%.
Insider Transactions at Domino’s Pizza
In other news, EVP Cynthia A. Headen sold 382 shares of the stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $400.00, for a total transaction of $152,800.00. Following the sale, the executive vice president now directly owns 4,333 shares of the company’s stock, valued at approximately $1,733,200. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.76% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on DPZ shares. Citigroup increased their price objective on Domino’s Pizza from $343.00 to $349.00 in a report on Friday, April 28th. BMO Capital Markets raised their target price on Domino’s Pizza from $395.00 to $450.00 in a research note on Thursday, July 13th. Loop Capital raised their target price on Domino’s Pizza from $320.00 to $343.00 in a research note on Wednesday, July 12th. Piper Sandler initiated coverage on Domino’s Pizza in a research note on Tuesday, June 13th. They issued an “overweight” rating and a $349.00 target price for the company. Finally, JPMorgan Chase & Co. raised Domino’s Pizza from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $340.00 to $360.00 in a research report on Thursday, June 1st. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $372.03.
Domino’s Pizza Company 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.
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