Public Sector Pension Investment Board Sells 46,058 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

Public Sector Pension Investment Board decreased its holdings in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 77.7% in the fourth quarter, HoldingsChannel reports. The fund owned 13,242 shares of the restaurant operator’s stock after selling 46,058 shares during the quarter. Public Sector Pension Investment Board’s holdings in Domino’s Pizza were worth $3,890,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Jackson Square Partners LLC lifted its stake in shares of Domino’s Pizza by 34.2% during the 4th quarter. Jackson Square Partners LLC now owns 1,304,550 shares of the restaurant operator’s stock valued at $383,250,000 after buying an additional 332,095 shares in the last quarter. Worldquant Millennium Advisors LLC bought a new stake in shares of Domino’s Pizza in the 3rd quarter worth about $28,842,000. Russell Investments Group Ltd. increased its holdings in shares of Domino’s Pizza by 54.2% in the 4th quarter. Russell Investments Group Ltd. now owns 313,491 shares of the restaurant operator’s stock worth $92,067,000 after buying an additional 110,167 shares during the last quarter. FIL Ltd increased its holdings in shares of Domino’s Pizza by 392.5% in the 4th quarter. FIL Ltd now owns 103,415 shares of the restaurant operator’s stock worth $30,381,000 after buying an additional 82,415 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Domino’s Pizza by 3.9% in the 4th quarter. Principal Financial Group Inc. now owns 1,530,605 shares of the restaurant operator’s stock worth $449,660,000 after buying an additional 57,585 shares during the last quarter. 98.52% of the stock is owned by hedge funds and other institutional investors.

In other Domino’s Pizza news, Director David Brandon sold 6,500 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $375.62, for a total value of $2,441,530.00. Following the transaction, the director now directly owns 4,628 shares in the company, valued at approximately $1,738,369.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Russell J. Weiner sold 25,000 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $299.00, for a total transaction of $7,475,000.00. Following the completion of the transaction, the chief operating officer now owns 45,766 shares in the company, valued at $13,684,034. The disclosure for this sale can be found here. Insiders sold a total of 66,863 shares of company stock worth $22,670,723 over the last 90 days. Insiders own 1.74% of the company’s stock.

A number of analysts have recently weighed in on DPZ shares. Morgan Stanley reduced their target price on shares of Domino’s Pizza from $388.00 to $364.00 and set an “overweight” rating on the stock in a report on Wednesday. Wells Fargo & Co boosted their target price on shares of Domino’s Pizza from $271.00 to $294.00 and gave the stock an “equal weight” rating in a report on Thursday, January 23rd. Guggenheim boosted their target price on shares of Domino’s Pizza from $327.00 to $411.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Wedbush boosted their target price on shares of Domino’s Pizza from $310.00 to $410.00 and gave the stock an “outperform” rating in a report on Friday, February 21st. Finally, Argus upgraded shares of Domino’s Pizza from a “hold” rating to a “buy” rating and set a $421.00 target price on the stock in a report on Wednesday, February 26th. Twelve research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $349.11.

NYSE:DPZ traded up $17.06 during mid-day trading on Thursday, hitting $338.51. 859,057 shares of the stock traded hands, compared to its average volume of 1,129,525. The stock has a market capitalization of $12.79 billion, a price-to-earnings ratio of 35.41, a PEG ratio of 2.60 and a beta of 0.26. Domino’s Pizza, Inc. has a 52 week low of $220.90 and a 52 week high of $381.86. The firm’s 50 day moving average is $319.06 and its two-hundred day moving average is $284.87.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Thursday, February 20th. The restaurant operator reported $3.13 EPS for the quarter, beating the consensus estimate of $2.93 by $0.20. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.13 billion. Domino’s Pizza had a net margin of 11.07% and a negative return on equity of 13.12%. The firm’s revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.62 EPS. Research analysts predict that Domino’s Pizza, Inc. will post 10.66 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, March 13th will be paid a $0.78 dividend. This is an increase from Domino’s Pizza’s previous quarterly dividend of $0.65. This represents a $3.12 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Thursday, March 12th. Domino’s Pizza’s dividend payout ratio is currently 32.60%.

Domino’s Pizza Company Profile

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates in three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's brand name through company-owned and franchised stores.

Featured Story: Buy Rating

Want to see what other hedge funds are holding DPZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Domino’s Pizza, Inc. (NYSE:DPZ).

Institutional Ownership by Quarter for Domino`s Pizza (NYSE:DPZ)

Receive News & Ratings for Domino's Pizza Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Domino's Pizza and related companies with MarketBeat.com's FREE daily email newsletter.