Prudential Financial Inc. Has $7.53 Million Stock Holdings in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Prudential Financial Inc. lowered its stake in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 19.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 17,948 shares of the restaurant operator’s stock after selling 4,246 shares during the period. Prudential Financial Inc. owned approximately 0.05% of Domino’s Pizza worth $7,534,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of DPZ. Principal Financial Group Inc. increased its stake in shares of Domino’s Pizza by 1.3% during the fourth quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator’s stock worth $708,498,000 after purchasing an additional 21,705 shares during the period. Berkshire Hathaway Inc acquired a new position in Domino’s Pizza in the 3rd quarter valued at $549,399,000. Bank of New York Mellon Corp increased its position in Domino’s Pizza by 3.4% during the 4th quarter. Bank of New York Mellon Corp now owns 267,046 shares of the restaurant operator’s stock worth $112,095,000 after buying an additional 8,753 shares during the period. Dixon Mitchell Investment Counsel Inc. lifted its holdings in shares of Domino’s Pizza by 4.0% during the fourth quarter. Dixon Mitchell Investment Counsel Inc. now owns 127,622 shares of the restaurant operator’s stock worth $53,571,000 after buying an additional 4,875 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in shares of Domino’s Pizza in the fourth quarter valued at about $41,701,000. 94.63% of the stock is owned by institutional investors.

Insider Activity

In other Domino’s Pizza news, CFO Reddy Sandeep sold 1,077 shares of the company’s stock in a transaction on Tuesday, March 11th. The shares were 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. This represents a 11.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Kelly E. Garcia sold 2,104 shares of the stock in a transaction dated Tuesday, March 11th. The stock was 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 approximately $2,486,359.72. The trade was a 26.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,597 shares of company stock valued at $3,762,052. Company insiders own 0.83% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on DPZ shares. Wedbush reiterated an “outperform” rating and issued a $500.00 price objective on shares of Domino’s Pizza in a research note on Tuesday, February 25th. Stephens reiterated an “equal weight” rating and issued a $440.00 price target on shares of Domino’s Pizza in a research report on Monday, March 3rd. Oppenheimer increased their price target on Domino’s Pizza from $490.00 to $495.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Loop Capital dropped their price objective on Domino’s Pizza from $559.00 to $555.00 and set a “buy” rating for the company in a report on Tuesday, February 25th. Finally, TD Cowen reiterated a “buy” rating and set a $490.00 target price on shares of Domino’s Pizza in a research report on Monday, February 24th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $503.41.

Domino’s Pizza Price Performance

Shares of NASDAQ DPZ opened at $447.12 on Friday. The company has a 50 day simple moving average of $459.46 and a 200 day simple moving average of $441.41. Domino’s Pizza, Inc. has a 1 year low of $396.06 and a 1 year high of $542.75. The firm has a market cap of $15.33 billion, a PE ratio of 27.46, a price-to-earnings-growth ratio of 2.47 and a beta of 1.06.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings results 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 net margin of 12.26% and a negative return on equity of 14.35%. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the previous year, the business posted $4.48 EPS. Domino’s Pizza’s revenue was up 2.9% on a year-over-year basis. As a group, research analysts anticipate that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.51. Domino’s Pizza’s payout ratio is 41.70%.

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.