Domino’s Pizza, Inc. (NYSE:DPZ) Holdings Cut by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio cut its stake in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 4.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,244 shares of the restaurant operator’s stock after selling 629 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Domino’s Pizza were worth $5,697,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. True Wealth Design LLC grew its stake in Domino’s Pizza by 2,033.3% during the 3rd quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock worth $28,000 after buying an additional 61 shares during the last quarter. Central Pacific Bank Trust Division bought a new position in shares of Domino’s Pizza during the third quarter worth about $30,000. Blue Trust Inc. increased its holdings in shares of Domino’s Pizza by 162.5% in the 2nd quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock worth $31,000 after acquiring an additional 39 shares during the period. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Domino’s Pizza during the 3rd quarter valued at about $43,000. Finally, Crewe Advisors LLC grew its position in Domino’s Pizza by 46.6% in the 2nd quarter. Crewe Advisors LLC now owns 107 shares of the restaurant operator’s stock worth $55,000 after purchasing an additional 34 shares during the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Domino’s Pizza

In related news, EVP Kevin Scott Morris sold 2,646 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $459.00, for a total value of $1,214,514.00. Following the transaction, the executive vice president now owns 1,966 shares in the company, valued at approximately $902,394. This represents a 57.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Andrew Balson sold 6,970 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $428.27, for a total transaction of $2,985,041.90. Following the transaction, the director now directly owns 15,390 shares in the company, valued at approximately $6,591,075.30. The trade was a 31.17 % decrease in their position. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by company insiders.

Domino’s Pizza Stock Down 2.2 %

Shares of NYSE:DPZ opened at $453.22 on Friday. The company has a market cap of $15.65 billion, a P/E ratio of 27.84, a price-to-earnings-growth ratio of 2.47 and a beta of 0.88. The company’s fifty day moving average is $439.97 and its two-hundred day moving average is $450.99. Domino’s Pizza, Inc. has a 12-month low of $395.08 and a 12-month high of $542.75.

Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings data on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.65 by $0.54. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the business earned $4.18 EPS. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. Equities research analysts anticipate that Domino’s Pizza, Inc. will post 16.82 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend is Friday, December 13th. Domino’s Pizza’s dividend payout ratio is currently 37.10%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Evercore ISI decreased their price objective on Domino’s Pizza from $500.00 to $480.00 and set an “outperform” rating for the company in a report on Monday, October 7th. Wedbush reiterated an “outperform” rating and set a $470.00 price target on shares of Domino’s Pizza in a research report on Friday, October 11th. Bank of America lowered their price target on Domino’s Pizza from $582.00 to $557.00 and set a “buy” rating on the stock in a report on Friday, October 11th. Barclays decreased their target price on shares of Domino’s Pizza from $380.00 to $370.00 and set an “underweight” rating for the company in a research report on Friday, October 11th. Finally, Wells Fargo & Company dropped their price target on shares of Domino’s Pizza from $450.00 to $420.00 and set an “equal weight” rating on the stock in a research report on Friday, October 11th. One analyst has rated the stock with a sell rating, eight have given a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $495.76.

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.