Corient Private Wealth LLC Reduces Holdings in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Corient Private Wealth LLC trimmed its position in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) by 22.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 54,290 shares of the restaurant operator’s stock after selling 15,726 shares during the quarter. Corient Private Wealth LLC owned approximately 0.16% of Domino’s Pizza worth $22,789,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. Sherman Asset Management Inc. acquired a new position in Domino’s Pizza during the fourth quarter worth $25,000. True Wealth Design LLC boosted its stake in Domino’s Pizza by 2,033.3% during the third quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock worth $28,000 after buying an additional 61 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake 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 worth $38,000 after buying an additional 26 shares during the last quarter. Private Trust Co. NA boosted its stake in Domino’s Pizza by 34.3% during the fourth quarter. Private Trust Co. NA now owns 145 shares of the restaurant operator’s stock worth $61,000 after buying an additional 37 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in Domino’s Pizza by 37.6% during the fourth quarter. Allworth Financial LP now owns 150 shares of the restaurant operator’s stock worth $66,000 after buying an additional 41 shares during the last quarter. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DPZ has been the topic of a number of recent research reports. TD Securities reissued a “buy” rating and set a $490.00 price objective on shares of Domino’s Pizza in a research note on Monday, February 24th. Benchmark reissued a “buy” rating and set a $520.00 price objective on shares of Domino’s Pizza in a research note on Tuesday, February 25th. Citigroup upped their price target on Domino’s Pizza from $440.00 to $520.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. BMO Capital Markets upped their price target on Domino’s Pizza from $500.00 to $515.00 and gave the company an “outperform” rating in a research note on Tuesday, February 25th. Finally, Loop Capital decreased their price target on Domino’s Pizza from $559.00 to $555.00 and set a “buy” rating on the stock in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $503.41.

Domino’s Pizza Price Performance

Shares of NASDAQ DPZ opened at $452.68 on Wednesday. The stock’s 50-day moving average is $451.73 and its two-hundred day moving average is $438.74. Domino’s Pizza, Inc. has a 1-year low of $396.06 and a 1-year high of $542.75. The company has a market cap of $15.53 billion, a price-to-earnings ratio of 27.81, a price-to-earnings-growth ratio of 2.47 and a beta of 1.06.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share 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 company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter last year, the company earned $4.48 EPS. Domino’s Pizza’s revenue for the quarter was up 2.9% compared to the same quarter last year. Equities research analysts anticipate that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $1.74 dividend. The ex-dividend date is Friday, March 14th. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.54%. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.51. Domino’s Pizza’s dividend payout ratio is presently 41.70%.

Insider Activity

In other news, EVP Kevin Scott Morris sold 5,416 shares of the stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $437.00, for a total value of $2,366,792.00. Following the transaction, the executive vice president now owns 793 shares in the company, valued at approximately $346,541. This represents a 87.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Kelly E. Garcia sold 2,104 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total value of $917,933.12. Following the completion of the transaction, the executive vice president now owns 5,699 shares in the company, valued at approximately $2,486,359.72. The trade was a 26.96 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,597 shares of company stock worth $3,762,052. 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.