Domino’s Pizza, Inc. (NASDAQ:DPZ) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC cut its position in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 22.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,290 shares of the restaurant operator’s stock after selling 15,726 shares during the quarter. Corient Private Wealth LLC’s holdings in Domino’s Pizza were worth $22,789,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Berkshire Hathaway Inc acquired a new stake in Domino’s Pizza during the 3rd quarter worth approximately $549,399,000. Janney Montgomery Scott LLC lifted its position in Domino’s Pizza by 278.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 11,060 shares of the restaurant operator’s stock worth $4,643,000 after acquiring an additional 8,136 shares during the period. Empowered Funds LLC lifted its position in Domino’s Pizza by 44.6% during the 4th quarter. Empowered Funds LLC now owns 5,713 shares of the restaurant operator’s stock worth $2,398,000 after acquiring an additional 1,762 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Domino’s Pizza by 1.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 229,099 shares of the restaurant operator’s stock worth $98,545,000 after acquiring an additional 2,201 shares during the period. Finally, Alta Capital Management LLC lifted its position in Domino’s Pizza by 20.5% during the 4th quarter. Alta Capital Management LLC now owns 7,144 shares of the restaurant operator’s stock worth $2,999,000 after acquiring an additional 1,214 shares during the period. 94.63% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Domino’s Pizza

In other news, EVP Kevin Scott Morris sold 5,416 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $437.00, for a total transaction of $2,366,792.00. Following the sale, the executive vice president now owns 793 shares in the company, valued at $346,541. This trade represents a 87.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Kelly E. Garcia sold 2,104 shares of Domino’s Pizza stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total value of $917,933.12. Following the completion of the transaction, the executive vice president now owns 5,699 shares in the company, valued at $2,486,359.72. The trade was a 26.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,597 shares of company stock worth $3,762,052 over the last quarter. 0.76% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. BMO Capital Markets increased their price objective on Domino’s Pizza from $500.00 to $515.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 25th. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 price target on shares of Domino’s Pizza in a report on Thursday, February 20th. Stephens reissued an “equal weight” rating and issued a $440.00 price target on shares of Domino’s Pizza in a report on Monday, March 3rd. Argus cut Domino’s Pizza from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Finally, Wedbush reissued an “outperform” rating and issued a $500.00 price target on shares of Domino’s Pizza in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $503.41.

Domino’s Pizza Stock Performance

Domino’s Pizza stock opened at $452.68 on Wednesday. The stock has a fifty day moving average of $451.73 and a two-hundred day moving average of $438.74. The company has a market capitalization of $15.53 billion, a price-to-earnings ratio of 27.81, a PEG ratio of 2.47 and a beta of 1.06. Domino’s Pizza, Inc. has a fifty-two week low of $396.06 and a fifty-two week high of $542.75.

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

Domino’s Pizza Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $1.74 per share. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.51. The ex-dividend date of this dividend is Friday, March 14th. This represents a $6.96 annualized dividend and a dividend yield of 1.54%. Domino’s Pizza’s dividend payout ratio (DPR) is 41.70%.

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.