River Global Investors LLP Cuts Position in Domino’s Pizza, Inc. (NYSE:DPZ)

River Global Investors LLP decreased its position in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 0.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,703 shares of the restaurant operator’s stock after selling 32 shares during the period. River Global Investors LLP’s holdings in Domino’s Pizza were worth $1,526,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Capital Investment Advisors LLC raised its position in Domino’s Pizza by 1.1% in the 4th quarter. Capital Investment Advisors LLC now owns 2,225 shares of the restaurant operator’s stock worth $917,000 after purchasing an additional 25 shares during the period. Wealthsource Partners LLC lifted its stake in shares of Domino’s Pizza by 2.0% in the 4th quarter. Wealthsource Partners LLC now owns 1,284 shares of the restaurant operator’s stock valued at $529,000 after acquiring an additional 25 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its holdings in Domino’s Pizza by 2.9% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 934 shares of the restaurant operator’s stock valued at $385,000 after acquiring an additional 26 shares during the period. Castleview Partners LLC grew its position in Domino’s Pizza by 3.0% during the 3rd quarter. Castleview Partners LLC now owns 1,083 shares of the restaurant operator’s stock worth $410,000 after acquiring an additional 32 shares during the last quarter. Finally, Freedom Day Solutions LLC increased its stake in Domino’s Pizza by 0.6% in the 4th quarter. Freedom Day Solutions LLC now owns 5,177 shares of the restaurant operator’s stock worth $2,134,000 after purchasing an additional 32 shares during the period. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Price Performance

Domino’s Pizza stock traded up $1.63 during midday trading on Friday, reaching $514.33. 583,565 shares of the company traded hands, compared to its average volume of 682,645. Domino’s Pizza, Inc. has a 12 month low of $285.84 and a 12 month high of $542.75. The business has a 50 day moving average of $476.68 and a two-hundred day moving average of $424.94. The firm has a market capitalization of $17.94 billion, a price-to-earnings ratio of 33.57, a price-to-earnings-growth ratio of 2.57 and a beta of 0.83.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings results on Monday, April 29th. The restaurant operator reported $3.58 earnings per share for the quarter, beating the consensus estimate of $3.46 by $0.12. Domino’s Pizza had a negative return on equity of 13.19% and a net margin of 11.90%. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the prior year, the firm earned $2.93 EPS. The company’s revenue was up 5.9% compared to the same quarter last year. As a group, equities analysts forecast that Domino’s Pizza, Inc. will post 16 EPS for the current year.

Domino’s Pizza Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a dividend of $1.51 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.17%. Domino’s Pizza’s dividend payout ratio is currently 39.43%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Sanford C. Bernstein raised shares of Domino’s Pizza from an “underperform” rating to a “market perform” rating and lifted their target price for the stock from $330.00 to $370.00 in a research note on Tuesday, January 9th. TD Cowen reaffirmed a “buy” rating and set a $550.00 price objective on shares of Domino’s Pizza in a research note on Monday, April 29th. Royal Bank of Canada raised their target price on Domino’s Pizza from $525.00 to $575.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 30th. BTIG Research upped their price target on Domino’s Pizza from $515.00 to $580.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Finally, Wells Fargo & Company boosted their target price on Domino’s Pizza from $475.00 to $525.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 30th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $516.19.

Insider Activity

In other Domino’s Pizza news, CEO Russell J. Weiner sold 11,780 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $526.37, for a total transaction of $6,200,638.60. Following the completion of the sale, the chief executive officer now directly owns 32,001 shares of the company’s stock, valued at $16,844,366.37. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, EVP Cynthia A. Headen sold 768 shares of Domino’s Pizza stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $451.52, for a total transaction of $346,767.36. Following the transaction, the executive vice president now directly owns 4,103 shares of the company’s stock, valued at approximately $1,852,586.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Russell J. Weiner sold 11,780 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $526.37, for a total transaction of $6,200,638.60. Following the completion of the sale, the chief executive officer now directly owns 32,001 shares of the company’s stock, valued at $16,844,366.37. The disclosure for this sale can be found here. Insiders sold 13,401 shares of company stock valued at $6,995,948 in the last quarter. 0.76% of the stock is currently owned by insiders.

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.