Desjardins Global Asset Management Inc. Lowers Stake in Domino’s Pizza, Inc. (NYSE:DPZ)

Desjardins Global Asset Management Inc. cut its holdings in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 54.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 522 shares of the restaurant operator’s stock after selling 622 shares during the period. Desjardins Global Asset Management Inc.’s holdings in Domino’s Pizza were worth $215,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Tritonpoint Wealth LLC acquired a new position in shares of Domino’s Pizza during the fourth quarter worth $1,980,000. Nisa Investment Advisors LLC increased its position in shares of Domino’s Pizza by 353.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 4,091 shares of the restaurant operator’s stock worth $1,686,000 after purchasing an additional 3,189 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Domino’s Pizza by 39,287.9% during the fourth quarter. International Assets Investment Management LLC now owns 499,438 shares of the restaurant operator’s stock worth $205,883,000 after purchasing an additional 498,170 shares in the last quarter. Deutsche Bank AG increased its position in shares of Domino’s Pizza by 41.2% during the third quarter. Deutsche Bank AG now owns 112,487 shares of the restaurant operator’s stock worth $42,609,000 after purchasing an additional 32,797 shares in the last quarter. Finally, HB Wealth Management LLC acquired a new position in shares of Domino’s Pizza during the fourth quarter worth $269,000. 94.63% of the stock is owned by institutional investors and hedge funds.

Domino’s Pizza Stock Down 0.1 %

NYSE:DPZ opened at $481.66 on Friday. Domino’s Pizza, Inc. has a 52 week low of $285.84 and a 52 week high of $508.44. The stock has a market capitalization of $16.78 billion, a PE ratio of 32.83, a price-to-earnings-growth ratio of 2.46 and a beta of 0.86. The stock’s 50-day moving average price is $459.86 and its 200-day moving average price is $413.47.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings data on Monday, February 26th. The restaurant operator reported $4.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.38 by $0.10. Domino’s Pizza had a negative return on equity of 12.56% and a net margin of 11.59%. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the previous year, the firm posted $4.43 EPS. Domino’s Pizza’s revenue was up .8% compared to the same quarter last year. Sell-side analysts expect that Domino’s Pizza, Inc. will post 15.76 earnings per share for the current fiscal year.

Domino’s Pizza Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a $1.51 dividend. This represents a $6.04 annualized dividend and a yield of 1.25%. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.21. The ex-dividend date was Thursday, March 14th. Domino’s Pizza’s payout ratio is presently 41.17%.

Insider Buying and Selling

In related news, EVP Cynthia A. Headen sold 768 shares of Domino’s Pizza stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $451.52, for a total value of $346,767.36. Following the sale, the executive vice president now directly owns 4,103 shares in the company, valued at approximately $1,852,586.56. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Domino’s Pizza news, EVP Cynthia A. Headen sold 108 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total value of $53,468.64. Following the transaction, the executive vice president now directly owns 3,910 shares of the company’s stock, valued at approximately $1,935,762.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Cynthia A. Headen sold 768 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $451.52, for a total transaction of $346,767.36. Following the completion of the transaction, the executive vice president now directly owns 4,103 shares in the company, valued at $1,852,586.56. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on DPZ shares. Sanford C. Bernstein raised Domino’s Pizza from an “underperform” rating to a “market perform” rating and upped their price target for the stock from $330.00 to $370.00 in a research report on Tuesday, January 9th. BMO Capital Markets upped their target price on Domino’s Pizza from $475.00 to $535.00 and gave the company an “outperform” rating in a research report on Tuesday, February 27th. Barclays upped their target price on Domino’s Pizza from $346.00 to $405.00 and gave the company an “underweight” rating in a research report on Tuesday, February 27th. TD Cowen reissued a “buy” rating and issued a $550.00 target price on shares of Domino’s Pizza in a research report on Wednesday, April 10th. Finally, Evercore ISI upped their target price on Domino’s Pizza from $510.00 to $560.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $460.90.

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.