IFM Investors Pty Ltd Acquires Shares of 7,056 Domino’s Pizza, Inc. (NYSE:DPZ)

IFM Investors Pty Ltd acquired a new position in Domino’s Pizza, Inc. (NYSE:DPZ) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,056 shares of the restaurant operator’s stock, valued at approximately $3,506,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Turtle Creek Wealth Advisors LLC bought a new stake in Domino’s Pizza during the 4th quarter valued at approximately $25,000. Creative Financial Designs Inc. ADV boosted its position in shares of Domino’s Pizza by 127.8% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 82 shares of the restaurant operator’s stock valued at $34,000 after purchasing an additional 46 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in Domino’s Pizza in the third quarter worth $39,000. Quadrant Capital Group LLC raised its holdings in Domino’s Pizza by 41.8% in the fourth quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock worth $46,000 after purchasing an additional 33 shares in the last quarter. Finally, Jones Financial Companies Lllp purchased a new position in Domino’s Pizza during the third quarter valued at $49,000. 94.63% of the stock is owned by hedge funds and other institutional investors.

Domino’s Pizza Price Performance

Shares of NYSE:DPZ traded up $4.30 during trading on Friday, hitting $499.07. The company’s stock had a trading volume of 958,086 shares, compared to its average volume of 568,682. The firm has a market cap of $17.38 billion, a price-to-earnings ratio of 34.02, a P/E/G ratio of 2.58 and a beta of 0.86. The company has a 50-day moving average of $467.11 and a 200-day moving average of $418.58. Domino’s Pizza, Inc. has a 12 month low of $285.84 and a 12 month high of $508.44.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Monday, February 26th. The restaurant operator reported $4.48 earnings per share for the quarter, beating the consensus estimate of $4.38 by $0.10. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.42 billion. Domino’s Pizza had a net margin of 11.59% and a negative return on equity of 12.56%. The company’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.43 earnings per share. As a group, research analysts anticipate that Domino’s Pizza, Inc. will post 15.72 earnings per share for the current year.

Domino’s Pizza Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $1.51 dividend. This represents a $6.04 annualized dividend and a dividend yield of 1.21%. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.21. The ex-dividend date was Thursday, March 14th. Domino’s Pizza’s payout ratio is 41.17%.

Insider Activity at Domino’s Pizza

In other Domino’s Pizza news, EVP Cynthia A. Headen sold 768 shares of Domino’s Pizza stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $451.52, for a total value of $346,767.36. Following the sale, the executive vice president now owns 4,103 shares of the company’s stock, valued at approximately $1,852,586.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, EVP Cynthia A. Headen sold 768 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $451.52, for a total value of $346,767.36. Following the completion of the transaction, the executive vice president now directly owns 4,103 shares of the company’s stock, valued at $1,852,586.56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Cynthia A. Headen sold 108 shares of the company’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total transaction of $53,468.64. Following the sale, the executive vice president now directly owns 3,910 shares in the company, valued at approximately $1,935,762.80. The disclosure for this sale can be found here. 0.76% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Argus upgraded shares of Domino’s Pizza from a “hold” rating to a “buy” rating and set a $530.00 price target for the company in a research note on Tuesday, February 27th. Gordon Haskett raised Domino’s Pizza from a “hold” rating to a “buy” rating and set a $467.00 price target on the stock in a research report on Tuesday, January 16th. Piper Sandler raised their price objective on Domino’s Pizza from $400.00 to $435.00 and gave the company a “neutral” rating in a research report on Tuesday, February 27th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $430.00 target price (up from $420.00) on shares of Domino’s Pizza in a report on Tuesday, February 27th. Finally, Morgan Stanley raised their price target on Domino’s Pizza from $485.00 to $515.00 and gave the company an “overweight” rating in a report on Friday, April 12th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $460.90.

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.