Geode Capital Management LLC Raises Position in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Geode Capital Management LLC lifted its stake in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 10.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 955,160 shares of the restaurant operator’s stock after purchasing an additional 92,389 shares during the period. Geode Capital Management LLC’s holdings in Domino’s Pizza were worth $403,203,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Sherman Asset Management Inc. purchased a new stake in shares of Domino’s Pizza in the fourth quarter worth about $25,000. Brown Brothers Harriman & Co. raised its holdings in shares of Domino’s Pizza by 1,016.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock worth $28,000 after acquiring an additional 61 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Domino’s Pizza by 40.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock valued at $38,000 after acquiring an additional 26 shares during the last quarter. Lee Danner & Bass Inc. purchased a new position in shares of Domino’s Pizza in the fourth quarter valued at $42,000. Finally, Mountain Hill Investment Partners Corp. purchased a new position in shares of Domino’s Pizza in the fourth quarter valued at $55,000. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Stock Down 4.2 %

DPZ stock opened at $444.21 on Friday. The business has a 50 day moving average price of $461.64 and a 200 day moving average price of $443.04. The stock has a market cap of $15.24 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 2.47 and a beta of 1.15. 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 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). The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the business posted $4.48 EPS. As a group, sell-side analysts anticipate that Domino’s Pizza, Inc. will post 16.74 EPS for the current year.

Domino’s Pizza Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a $1.74 dividend. This represents a $6.96 annualized dividend and a yield of 1.57%. The ex-dividend date was 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%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. TD Securities reissued a “buy” rating and issued a $490.00 price objective on shares of Domino’s Pizza in a research note on Monday, March 31st. Loop Capital dropped their price objective on shares of Domino’s Pizza from $559.00 to $555.00 and set a “buy” rating for the company in a research note on Tuesday, February 25th. Barclays upped their price target 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. Stephens reissued an “equal weight” rating and issued a $440.00 price objective on shares of Domino’s Pizza in a research note on Wednesday. Finally, Wedbush reaffirmed an “outperform” rating and set a $500.00 target price on shares of Domino’s Pizza in a research note on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Domino’s Pizza presently has a consensus rating of “Moderate Buy” and a consensus price target of $503.41.

Insider Buying and Selling at Domino’s Pizza

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 2,104 shares of the 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 completion of the transaction, the executive vice president now directly owns 5,699 shares of the company’s stock, valued at approximately $2,486,359.72. This trade represents a 26.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Kevin Scott Morris sold 5,416 shares of Domino’s Pizza stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $437.00, for a total value of $2,366,792.00. Following the transaction, the executive vice president now directly owns 793 shares of the company’s stock, valued at approximately $346,541. This 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 8,996 shares of company stock valued at $3,946,461 in the last ninety days. Insiders own 0.83% of the company’s stock.

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.