Mercer Global Advisors Inc. ADV Grows Stock Position in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Mercer Global Advisors Inc. ADV lifted its holdings in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) by 53.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,648 shares of the restaurant operator’s stock after acquiring an additional 917 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Domino’s Pizza were worth $1,112,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Franklin Resources Inc. lifted its position in Domino’s Pizza by 42.8% during the 3rd quarter. Franklin Resources Inc. now owns 27,031 shares of the restaurant operator’s stock worth $11,571,000 after acquiring an additional 8,103 shares during the period. ORG Wealth Partners LLC lifted its holdings 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 worth $110,000 after purchasing an additional 46 shares during the period. Harbor Capital Advisors Inc. increased its holdings in Domino’s Pizza by 3.1% in the 4th quarter. Harbor Capital Advisors Inc. now owns 4,035 shares of the restaurant operator’s stock worth $1,694,000 after buying an additional 122 shares during the period. Czech National Bank increased its holdings in Domino’s Pizza by 5.1% in the 4th quarter. Czech National Bank now owns 7,488 shares of the restaurant operator’s stock worth $3,143,000 after buying an additional 364 shares during the period. Finally, Brookstone Capital Management raised its position in Domino’s Pizza by 1.0% during the 4th quarter. Brookstone Capital Management now owns 5,628 shares of the restaurant operator’s stock worth $2,362,000 after buying an additional 57 shares during the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Domino’s Pizza Trading Up 0.5 %

DPZ stock opened at $479.37 on Friday. The firm has a 50-day moving average of $464.18 and a two-hundred day moving average of $451.90. Domino’s Pizza, Inc. has a 12 month low of $396.06 and a 12 month high of $538.44. The company has a market cap of $16.41 billion, a price-to-earnings ratio of 29.45, a PEG ratio of 2.47 and a beta of 1.15.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings data on Monday, April 28th. The restaurant operator reported $4.33 EPS for the quarter, topping analysts’ consensus estimates of $4.12 by $0.21. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.12 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The firm’s revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the business posted $3.58 earnings per share. As a group, equities analysts forecast that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date is Friday, June 13th. Domino’s Pizza’s dividend payout ratio is currently 39.91%.

Insider Buying and Selling

In other Domino’s Pizza news, EVP Kevin Scott Morris sold 5,416 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $437.00, for a total transaction of $2,366,792.00. Following the completion of the sale, the executive vice president now owns 793 shares of the company’s stock, valued at $346,541. This trade represents a 87.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Reddy Sandeep sold 1,077 shares of the company’s 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 transaction, the chief financial officer now directly owns 8,081 shares in the company, valued at approximately $3,581,499.20. This trade represents a 11.76 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,996 shares of company stock worth $3,946,461. Insiders own 0.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DPZ. Benchmark increased their price objective on shares of Domino’s Pizza from $520.00 to $535.00 and gave the stock a “buy” rating in a research note on Tuesday, April 29th. BMO Capital Markets lifted their price objective on Domino’s Pizza from $515.00 to $540.00 and gave the company an “outperform” rating in a research note on Tuesday, April 29th. Robert W. Baird upped their target price on Domino’s Pizza from $500.00 to $535.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 23rd. Loop Capital lifted their price target on Domino’s Pizza from $555.00 to $564.00 and gave the company a “buy” rating in a research report on Tuesday, April 29th. Finally, Wells Fargo & Company upped their price objective on Domino’s Pizza from $445.00 to $465.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.