MetLife Investment Management LLC Acquires 37 Shares of Domino’s Pizza, Inc. (NASDAQ:DPZ)

MetLife Investment Management LLC increased its stake in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 0.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 9,680 shares of the restaurant operator’s stock after purchasing an additional 37 shares during the quarter. MetLife Investment Management LLC’s holdings in Domino’s Pizza were worth $4,063,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of DPZ. KG&L Capital Management LLC boosted its holdings in Domino’s Pizza by 1.4% in the fourth quarter. KG&L Capital Management LLC now owns 1,725 shares of the restaurant operator’s stock worth $724,000 after acquiring an additional 23 shares in the last quarter. Oppenheimer & Co. Inc. lifted its holdings in shares of Domino’s Pizza by 2.0% in the 4th quarter. Oppenheimer & Co. Inc. now owns 1,157 shares of the restaurant operator’s stock worth $486,000 after purchasing an additional 23 shares in the last quarter. Greenleaf Trust grew its position in Domino’s Pizza by 3.1% in the 4th quarter. Greenleaf Trust now owns 854 shares of the restaurant operator’s stock valued at $358,000 after purchasing an additional 26 shares during the period. EverSource Wealth Advisors LLC increased its stake in 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 purchasing an additional 26 shares in the last quarter. Finally, Larson Financial Group LLC raised its holdings in Domino’s Pizza by 2.8% during the fourth quarter. Larson Financial Group LLC now owns 1,017 shares of the restaurant operator’s stock worth $427,000 after buying an additional 28 shares during 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, EVP Reddy Sandeep sold 399 shares of the business’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $462.18, for a total transaction of $184,409.82. Following the completion of the transaction, the executive vice president now directly owns 8,756 shares in the company, valued at $4,046,848.08. The trade was a 4.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Kevin Scott Morris sold 5,416 shares of the 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 completion of the sale, the executive vice president now owns 793 shares in the company, valued at $346,541. This trade represents a 87.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,996 shares of company stock valued at $3,946,461 in the last quarter. 0.83% of the stock is currently owned by corporate insiders.

Domino’s Pizza Stock Down 0.1 %

DPZ opened at $487.58 on Friday. The firm has a 50-day moving average price of $462.60 and a 200-day moving average price of $447.91. Domino’s Pizza, Inc. has a twelve month low of $396.06 and a twelve month high of $542.75. The company has a market capitalization of $16.72 billion, a price-to-earnings ratio of 29.95, a PEG ratio of 2.47 and a beta of 1.15.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings data on Monday, February 24th. The restaurant operator reported $4.89 earnings per share for the quarter, missing analysts’ consensus estimates of $4.93 by ($0.04). The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.48 earnings per share. On average, sell-side analysts expect 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 announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $1.74 dividend. The ex-dividend date was Friday, March 14th. This represents a $6.96 annualized dividend and a yield of 1.43%. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.51. Domino’s Pizza’s dividend payout ratio (DPR) is currently 41.70%.

Analyst Ratings Changes

DPZ has been the subject of a number of analyst reports. TD Securities reiterated a “buy” rating and set a $490.00 price objective on shares of Domino’s Pizza in a report on Monday, March 31st. Robert W. Baird boosted their price objective on Domino’s Pizza from $500.00 to $535.00 and gave the stock an “outperform” rating in a report on Wednesday. Stephens restated an “equal weight” rating and issued a $440.00 target price on shares of Domino’s Pizza in a report on Wednesday, April 2nd. Loop Capital decreased their price target 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, Citigroup dropped their price objective on Domino’s Pizza from $500.00 to $480.00 and set a “neutral” rating on the stock in a research note on Thursday, April 10th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have issued a buy rating and two have issued 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 $499.48.

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.