KLP Kapitalforvaltning AS Takes Position in Domino’s Pizza, Inc. (NASDAQ:DPZ)

KLP Kapitalforvaltning AS acquired a new position in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 17,990 shares of the restaurant operator’s stock, valued at approximately $7,551,000.

A number of other hedge funds have also recently made changes to their positions in DPZ. Sherman Asset Management Inc. acquired a new position in Domino’s Pizza during the fourth quarter worth $25,000. True Wealth Design LLC raised its holdings in shares of Domino’s Pizza by 2,033.3% in the 3rd quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 61 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Domino’s Pizza by 40.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock worth $38,000 after acquiring an additional 26 shares in the last quarter. Lee Danner & Bass Inc. purchased a new position in Domino’s Pizza during the 4th quarter valued at about $42,000. Finally, Private Trust Co. NA grew its position in Domino’s Pizza by 34.3% in the 4th quarter. Private Trust Co. NA now owns 145 shares of the restaurant operator’s stock valued at $61,000 after acquiring an additional 37 shares in the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Trading Up 1.0 %

Shares of DPZ opened at $466.04 on Tuesday. The company’s 50 day simple moving average is $456.08 and its 200-day simple moving average is $440.30. The firm has a market cap of $15.98 billion, a PE ratio of 28.63, a price-to-earnings-growth ratio of 2.47 and a beta of 1.06. Domino’s Pizza, Inc. has a 12-month low of $396.06 and a 12-month high of $542.75.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings data on Monday, February 24th. The restaurant operator reported $4.89 earnings per share (EPS) 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 business 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 earnings per share. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. As a group, equities research analysts forecast that Domino’s Pizza, Inc. will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a $1.74 dividend. This represents a $6.96 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.51. Domino’s Pizza’s payout ratio is 41.70%.

Insider Buying and Selling at Domino’s Pizza

In other news, EVP Kelly E. Garcia sold 2,104 shares of Domino’s Pizza stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total value of $917,933.12. Following the sale, the executive vice president now owns 5,699 shares of the company’s stock, valued at $2,486,359.72. The trade was a 26.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kevin Scott Morris sold 5,416 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now owns 793 shares in the company, valued at approximately $346,541. This trade represents a 87.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,597 shares of company stock valued at $3,762,052 in the last ninety days. Insiders own 0.76% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. TD Securities reissued a “buy” rating and set a $490.00 price target on shares of Domino’s Pizza in a research report on Monday, February 24th. Loop Capital reduced their target price on shares of Domino’s Pizza from $559.00 to $555.00 and set a “buy” rating on the stock in a report on Tuesday, February 25th. Stephens restated an “equal weight” rating and issued a $440.00 price target on shares of Domino’s Pizza in a research note on Monday, March 3rd. BMO Capital Markets increased their price objective on Domino’s Pizza from $500.00 to $515.00 and gave the company an “outperform” rating in a research note on Tuesday, February 25th. Finally, Wedbush reiterated an “outperform” rating and issued a $500.00 target price on shares of Domino’s Pizza in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $503.41.

About Domino’s Pizza

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.