ProShare Advisors LLC Boosts Holdings in Domino’s Pizza, Inc. (NASDAQ:DPZ)

ProShare Advisors LLC boosted its stake in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 11.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,581 shares of the restaurant operator’s stock after acquiring an additional 569 shares during the period. ProShare Advisors LLC’s holdings in Domino’s Pizza were worth $2,343,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Berkshire Hathaway Inc increased its holdings in shares of Domino’s Pizza by 86.5% in the fourth quarter. Berkshire Hathaway Inc now owns 2,382,000 shares of the restaurant operator’s stock valued at $999,868,000 after purchasing an additional 1,104,744 shares during the period. Norges Bank purchased a new stake in shares of Domino’s Pizza in the fourth quarter valued at about $250,571,000. Invesco Ltd. increased its stake in shares of Domino’s Pizza by 46.0% during the fourth quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator’s stock worth $255,649,000 after acquiring an additional 191,752 shares during the period. Freestone Grove Partners LP purchased a new position in Domino’s Pizza during the fourth quarter worth about $56,647,000. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in Domino’s Pizza in the fourth quarter valued at about $41,701,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

Domino’s Pizza Stock Down 0.9%

Shares of NASDAQ:DPZ opened at $493.07 on Wednesday. Domino’s Pizza, Inc. has a 52-week low of $396.06 and a 52-week high of $538.44. The company has a market capitalization of $16.88 billion, a P/E ratio of 30.29, a P/E/G ratio of 2.47 and a beta of 1.15. The stock’s fifty day simple moving average is $469.28 and its 200-day simple moving average is $455.66.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings results on Monday, April 28th. The restaurant operator reported $4.33 earnings per share for the quarter, beating the consensus estimate of $4.12 by $0.21. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the previous year, the firm posted $3.58 EPS. Domino’s Pizza’s revenue was up 2.5% on a year-over-year basis. On average, sell-side analysts anticipate that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend is Friday, June 13th. Domino’s Pizza’s payout ratio is 39.91%.

Insider Buying and Selling at Domino’s Pizza

In other news, EVP Kelly E. Garcia sold 2,104 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total value of $917,933.12. Following the completion of the sale, the executive vice president now owns 5,699 shares of the company’s stock, valued at $2,486,359.72. This represents a 26.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Reddy Sandeep sold 1,077 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $443.20, for a total value of $477,326.40. Following the completion of 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 disclosure for this sale can be found here. Insiders sold 8,996 shares of company stock worth $3,946,461 in the last 90 days. 0.83% of the stock is owned by company insiders.

Analysts Set New Price Targets

DPZ has been the topic of several recent analyst reports. Benchmark boosted their target price on Domino’s Pizza from $520.00 to $535.00 and gave the stock a “buy” rating in a research report on Tuesday, April 29th. Argus reaffirmed a “hold” rating and set a $490.00 price objective on shares of Domino’s Pizza in a report on Tuesday, April 29th. Stephens reiterated an “equal weight” rating and issued a $440.00 price objective on shares of Domino’s Pizza in a research report on Wednesday, April 2nd. Hsbc Global Res upgraded shares of Domino’s Pizza to a “strong-buy” rating in a research report on Tuesday, April 22nd. Finally, Guggenheim reiterated a “neutral” rating on shares of Domino’s Pizza in a report on Thursday, May 15th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $498.50.

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.