Domino’s Pizza, Inc. (NASDAQ:DPZ) Shares Sold by Swiss National Bank

Swiss National Bank cut its holdings in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) by 5.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 97,500 shares of the restaurant operator’s stock after selling 6,000 shares during the quarter. Swiss National Bank’s holdings in Domino’s Pizza were worth $40,927,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. KG&L Capital Management LLC boosted its position in Domino’s Pizza by 1.4% during the fourth quarter. KG&L Capital Management LLC now owns 1,725 shares of the restaurant operator’s stock worth $724,000 after acquiring an additional 23 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in Domino’s Pizza by 2.0% during the fourth quarter. Oppenheimer & Co. Inc. now owns 1,157 shares of the restaurant operator’s stock worth $486,000 after acquiring an additional 23 shares during the last quarter. Greenleaf Trust boosted its position in Domino’s Pizza by 3.1% during the fourth quarter. Greenleaf Trust now owns 854 shares of the restaurant operator’s stock worth $358,000 after acquiring an additional 26 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Domino’s Pizza by 40.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock worth $38,000 after acquiring an additional 26 shares during the last quarter. Finally, Larson Financial Group LLC boosted its position in Domino’s Pizza by 2.8% during the fourth quarter. Larson Financial Group LLC now owns 1,017 shares of the restaurant operator’s stock worth $427,000 after acquiring an additional 28 shares during the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Domino’s Pizza

In other news, CFO Reddy Sandeep sold 1,077 shares of the company’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $443.20, for a total value of $477,326.40. Following the completion of the transaction, the chief financial officer now owns 8,081 shares in the company, valued at approximately $3,581,499.20. This represents a 11.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Kevin Scott Morris sold 5,416 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $437.00, for a total transaction of $2,366,792.00. Following the completion of the transaction, the executive vice president now owns 793 shares of the company’s stock, valued at approximately $346,541. The trade was a 87.23 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,597 shares of company stock valued at $3,762,052. Insiders own 0.76% of the company’s stock.

Domino’s Pizza Stock Down 0.7 %

Shares of DPZ opened at $425.58 on Monday. Domino’s Pizza, Inc. has a fifty-two week low of $396.06 and a fifty-two week high of $542.75. The firm’s 50 day moving average price is $450.39 and its 200 day moving average price is $438.21. The company has a market cap of $14.60 billion, a P/E ratio of 26.14, a PEG ratio of 2.47 and a beta of 1.06.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings data on Monday, February 24th. The restaurant operator reported $4.89 EPS for the quarter, missing analysts’ consensus estimates of $4.93 by ($0.04). Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same period in the prior year, the company posted $4.48 earnings per share. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. Research analysts forecast that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current year.

Domino’s Pizza Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a $1.74 dividend. The ex-dividend date is Friday, March 14th. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.51. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.64%. Domino’s Pizza’s dividend payout ratio is currently 41.70%.

Analyst Upgrades and Downgrades

DPZ has been the topic of a number of recent research reports. Benchmark restated a “buy” rating and set a $520.00 price target on shares of Domino’s Pizza in a research report on Tuesday, February 25th. Stephens reiterated an “equal weight” rating and issued a $440.00 target price on shares of Domino’s Pizza in a report on Monday, March 3rd. TD Securities reiterated a “buy” rating and issued a $490.00 target price on shares of Domino’s Pizza in a report on Monday, February 24th. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 target price on shares of Domino’s Pizza in a report on Thursday, February 20th. Finally, Barclays boosted their target price on shares of Domino’s Pizza from $402.00 to $420.00 and gave the company an “underweight” rating in a report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $503.41.

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.