Sumitomo Mitsui Trust Group Inc. Sells 4,435 Shares of Domino’s Pizza Inc $DPZ

Sumitomo Mitsui Trust Group Inc. reduced its position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 5.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 76,111 shares of the restaurant operator’s stock after selling 4,435 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.22% of Domino’s Pizza worth $34,296,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in DPZ. GAMMA Investing LLC lifted its position in shares of Domino’s Pizza by 17.2% during the 1st quarter. GAMMA Investing LLC now owns 566 shares of the restaurant operator’s stock valued at $260,000 after buying an additional 83 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in shares of Domino’s Pizza by 5.6% during the 1st quarter. Oppenheimer & Co. Inc. now owns 1,222 shares of the restaurant operator’s stock valued at $561,000 after buying an additional 65 shares in the last quarter. Amalgamated Bank lifted its position in shares of Domino’s Pizza by 1.1% during the 1st quarter. Amalgamated Bank now owns 6,924 shares of the restaurant operator’s stock valued at $3,181,000 after buying an additional 75 shares in the last quarter. ABLE Financial Group LLC lifted its position in shares of Domino’s Pizza by 5.8% during the 1st quarter. ABLE Financial Group LLC now owns 4,759 shares of the restaurant operator’s stock valued at $2,187,000 after buying an additional 259 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Domino’s Pizza by 2.5% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 3,968 shares of the restaurant operator’s stock valued at $1,823,000 after buying an additional 95 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director James A. Goldman sold 1,000 shares of the firm’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $451.49, for a total transaction of $451,490.00. Following the sale, the director owned 3,384 shares of the company’s stock, valued at $1,527,842.16. This trade represents a 22.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.83% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have weighed in on DPZ. UBS Group restated a “buy” rating and issued a $540.00 price target on shares of Domino’s Pizza in a research note on Tuesday, July 22nd. Guggenheim upped their price target on Domino’s Pizza from $485.00 to $490.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 27th. Weiss Ratings downgraded Domino’s Pizza from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 24th. Bank of America upped their price target on Domino’s Pizza from $514.00 to $536.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Finally, Mizuho began coverage on Domino’s Pizza in a research note on Monday. They issued an “outperform” rating and a $500.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $490.32.

Domino’s Pizza Stock Performance

NASDAQ:DPZ opened at $410.97 on Wednesday. The stock’s fifty day moving average is $435.20 and its 200 day moving average is $456.08. Domino’s Pizza Inc has a fifty-two week low of $397.12 and a fifty-two week high of $500.55. The firm has a market capitalization of $13.89 billion, a PE ratio of 24.02, a PEG ratio of 2.18 and a beta of 1.12.

Domino’s Pizza (NASDAQ:DPZ) last released its earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 earnings per share for the quarter, topping analysts’ consensus estimates of $3.96 by $0.12. Domino’s Pizza had a negative return on equity of 14.91% and a net margin of 12.16%.The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the firm posted $4.19 earnings per share. The business’s revenue was up 6.2% compared to the same quarter last year. Equities analysts forecast that Domino’s Pizza Inc will post 16.74 EPS for the current year.

Domino’s Pizza Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Monday, December 15th will be given a dividend of $1.74 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $6.96 dividend on an annualized basis and a yield of 1.7%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 40.68%.

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.