National Pension Service Sells 57,474 Shares of Domino’s Pizza, Inc. (NASDAQ:DPZ)

National Pension Service reduced its stake in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 99.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 566 shares of the restaurant operator’s stock after selling 57,474 shares during the period. National Pension Service’s holdings in Domino’s Pizza were worth $238,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. True Wealth Design LLC increased its stake in shares of Domino’s Pizza by 2,033.3% during the third quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 61 shares in the last quarter. Rakuten Securities Inc. increased its stake in shares of Domino’s Pizza by 195.6% during the third quarter. Rakuten Securities Inc. now owns 133 shares of the restaurant operator’s stock valued at $57,000 after purchasing an additional 88 shares in the last quarter. Allworth Financial LP increased its stake in shares of Domino’s Pizza by 37.6% during the fourth quarter. Allworth Financial LP now owns 150 shares of the restaurant operator’s stock valued at $66,000 after purchasing an additional 41 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Domino’s Pizza by 57.9% during the fourth quarter. Blue Trust Inc. now owns 199 shares of the restaurant operator’s stock valued at $86,000 after purchasing an additional 73 shares in the last quarter. Finally, ORG Wealth Partners LLC increased its stake in shares of Domino’s Pizza by 21.3% during the fourth quarter. ORG Wealth Partners LLC now owns 262 shares of the restaurant operator’s stock valued at $110,000 after purchasing an additional 46 shares in the last quarter. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Price Performance

Shares of DPZ stock opened at $489.71 on Friday. The company has a market capitalization of $16.80 billion, a price-to-earnings ratio of 30.08, a PEG ratio of 2.47 and a beta of 0.90. Domino’s Pizza, Inc. has a one year low of $396.06 and a one year high of $542.75. The company’s fifty day moving average price is $444.92 and its 200-day moving average price is $436.26.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share (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 the consensus estimate 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 prior year, the firm posted $4.48 earnings per share. Equities research 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 declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $1.74 dividend. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.51. This represents a $6.96 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date is Friday, March 14th. Domino’s Pizza’s payout ratio is currently 41.70%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Barclays raised their target price on shares of Domino’s Pizza from $402.00 to $420.00 and gave the company an “underweight” rating in a research note on Tuesday, February 25th. Benchmark reiterated a “buy” rating and set a $520.00 price target on shares of Domino’s Pizza in a report on Tuesday, February 25th. Robert W. Baird cut their price target on shares of Domino’s Pizza from $545.00 to $510.00 and set an “outperform” rating on the stock in a report on Tuesday, February 25th. Stephens increased their price target on shares of Domino’s Pizza from $420.00 to $440.00 and gave the company an “equal weight” rating in a report on Tuesday, February 25th. Finally, Morgan Stanley cut their price target on shares of Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $503.41.

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.