Swiss National Bank Cuts Holdings in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Swiss National Bank trimmed its holdings in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) by 5.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 97,500 shares of the restaurant operator’s stock after selling 6,000 shares during the quarter. Swiss National Bank owned approximately 0.28% of Domino’s Pizza worth $40,927,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. KG&L Capital Management LLC increased its holdings in Domino’s Pizza by 1.4% during the fourth quarter. KG&L Capital Management LLC now owns 1,725 shares of the restaurant operator’s stock valued at $724,000 after buying an additional 23 shares during the period. Oppenheimer & Co. Inc. increased its holdings in Domino’s Pizza by 2.0% during the fourth quarter. Oppenheimer & Co. Inc. now owns 1,157 shares of the restaurant operator’s stock valued at $486,000 after buying an additional 23 shares during the period. Greenleaf Trust increased its holdings in Domino’s Pizza by 3.1% during the fourth quarter. Greenleaf Trust now owns 854 shares of the restaurant operator’s stock valued at $358,000 after buying an additional 26 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Domino’s Pizza by 40.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock valued at $38,000 after buying an additional 26 shares during the period. Finally, Larson Financial Group LLC increased its holdings in Domino’s Pizza by 2.8% during the fourth quarter. Larson Financial Group LLC now owns 1,017 shares of the restaurant operator’s stock valued at $427,000 after buying an additional 28 shares during the period. 94.63% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Domino’s Pizza

In other news, EVP Kevin Scott Morris sold 5,416 shares of Domino’s Pizza stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $437.00, for a total value of $2,366,792.00. Following the sale, the executive vice president now owns 793 shares in the company, valued at $346,541. This trade represents a 87.23 % 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. Also, EVP Kelly E. Garcia sold 2,104 shares of Domino’s Pizza stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total transaction of $917,933.12. Following the completion of the sale, the executive vice president now owns 5,699 shares in the company, valued at approximately $2,486,359.72. This trade represents a 26.96 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,597 shares of company stock valued at $3,762,052. Corporate insiders own 0.76% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on DPZ shares. Oppenheimer lifted their price objective on shares of Domino’s Pizza from $490.00 to $495.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Morgan Stanley lowered their target price on shares of Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 target price on shares of Domino’s Pizza in a research note on Thursday, February 20th. Citigroup raised their target price on shares of Domino’s Pizza from $440.00 to $520.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Finally, TD Cowen restated a “buy” rating and issued a $490.00 target price on shares of Domino’s Pizza in a research note on Monday, February 24th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $503.41.

Domino’s Pizza Price Performance

Shares of Domino’s Pizza stock opened at $425.58 on Monday. The firm has a fifty day moving average price of $450.39 and a 200 day moving average price of $438.21. Domino’s Pizza, Inc. has a 1 year low of $396.06 and a 1 year high of $542.75. The stock has a market cap of $14.60 billion, a PE ratio of 26.14, a price-to-earnings-growth ratio of 2.47 and a beta of 1.06.

Domino’s Pizza (NASDAQ:DPZ) last issued its earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.93 by ($0.04). Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same period last year, the business earned $4.48 EPS. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. As a group, equities analysts expect that Domino’s Pizza, Inc. will post 16.74 EPS for the current year.

Domino’s Pizza Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $1.74 dividend. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.51. The ex-dividend date is Friday, March 14th. This represents a $6.96 dividend on an annualized basis and a yield of 1.64%. Domino’s Pizza’s payout ratio is presently 41.70%.

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.