Domino’s Pizza, Inc. (NASDAQ:DPZ) Shares Bought by TD Private Client Wealth LLC

TD Private Client Wealth LLC grew its holdings in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) by 35.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 196 shares of the restaurant operator’s stock after purchasing an additional 51 shares during the period. TD Private Client Wealth LLC’s holdings in Domino’s Pizza were worth $82,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. FMR LLC increased its holdings in Domino’s Pizza by 16.3% in the third quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock valued at $941,936,000 after buying an additional 307,528 shares during the last quarter. Principal Financial Group Inc. increased its position in Domino’s Pizza by 1.3% in the 4th quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator’s stock valued at $708,498,000 after acquiring an additional 21,705 shares during the period. Berkshire Hathaway Inc acquired a new position in shares of Domino’s Pizza in the third quarter valued at approximately $549,399,000. Bank of New York Mellon Corp increased its stake in Domino’s Pizza by 3.4% in the 4th quarter. Bank of New York Mellon Corp now owns 267,046 shares of the restaurant operator’s stock valued at $112,095,000 after buying an additional 8,753 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Domino’s Pizza by 1.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 229,099 shares of the restaurant operator’s stock worth $98,545,000 after purchasing an additional 2,201 shares in the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Insider Buying and Selling at Domino’s Pizza

In other news, CFO Reddy Sandeep sold 1,077 shares of Domino’s Pizza stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $443.20, for a total transaction of $477,326.40. Following the sale, the chief financial officer now owns 8,081 shares of the company’s stock, valued at approximately $3,581,499.20. The trade was a 11.76 % decrease in their ownership of the stock. The transaction 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 the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $437.00, for a total value of $2,366,792.00. Following the completion of the sale, the executive vice president now owns 793 shares in the company, 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. Over the last three months, insiders have sold 8,597 shares of company stock worth $3,762,052. 0.76% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

DPZ has been the subject of several research analyst reports. Wedbush reiterated an “outperform” rating and issued a $500.00 price objective on shares of Domino’s Pizza in a research report on Tuesday, February 25th. Robert W. Baird cut their price objective on Domino’s Pizza from $545.00 to $510.00 and set an “outperform” rating for the company in a research report on Tuesday, February 25th. Citigroup upped their target price on shares of Domino’s Pizza from $440.00 to $520.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. Oppenheimer raised their price objective on Domino’s Pizza from $490.00 to $495.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Finally, Stephens reissued an “equal weight” rating and issued a $440.00 target price on shares of Domino’s Pizza in a research report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $503.41.

Domino’s Pizza Stock Performance

NASDAQ DPZ opened at $460.27 on Wednesday. Domino’s Pizza, Inc. has a one year low of $396.06 and a one year high of $542.75. The company has a 50-day simple moving average of $456.96 and a 200-day simple moving average of $440.66. The firm has a market capitalization of $15.79 billion, a PE ratio of 28.27, a price-to-earnings-growth ratio of 2.47 and a beta of 1.06.

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

Domino’s Pizza Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a $1.74 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.51. This represents a $6.96 annualized dividend and a yield of 1.51%. Domino’s Pizza’s dividend payout ratio (DPR) is currently 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.