Commonwealth of Pennsylvania Public School Empls Retrmt SYS Decreases Position in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its position in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 3.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,343 shares of the restaurant operator’s stock after selling 270 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Domino’s Pizza were worth $3,082,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in DPZ. Fiduciary Group LLC raised its position in shares of Domino’s Pizza by 49.2% during the 4th quarter. Fiduciary Group LLC now owns 3,760 shares of the restaurant operator’s stock worth $1,578,000 after purchasing an additional 1,240 shares during the last quarter. Royal London Asset Management Ltd. lifted its position in shares of Domino’s Pizza by 0.3% in the fourth quarter. Royal London Asset Management Ltd. now owns 14,951 shares of the restaurant operator’s stock valued at $6,276,000 after acquiring an additional 39 shares in the last quarter. Trillium Asset Management LLC increased its position in Domino’s Pizza by 45.3% during the 4th quarter. Trillium Asset Management LLC now owns 18,282 shares of the restaurant operator’s stock worth $7,674,000 after purchasing an additional 5,703 shares in the last quarter. Enhancing Capital LLC purchased a new stake in Domino’s Pizza during the 4th quarter worth about $724,000. Finally, Xponance Inc. raised its stake in Domino’s Pizza by 2.0% in the 4th quarter. Xponance Inc. now owns 5,956 shares of the restaurant operator’s stock valued at $2,500,000 after purchasing an additional 119 shares during the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Domino’s Pizza Stock Up 1.0 %

DPZ opened at $466.04 on Tuesday. The firm’s 50 day moving average is $456.08 and its 200-day moving average is $440.30. Domino’s Pizza, Inc. has a 52-week low of $396.06 and a 52-week high of $542.75. The firm has a market capitalization of $15.98 billion, a P/E ratio of 28.63, a P/E/G ratio of 2.47 and a beta of 1.06.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly 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). The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the firm earned $4.48 EPS. Equities analysts expect 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 declared a quarterly dividend, which will be paid on Friday, March 28th. Investors 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 yield of 1.49%. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.51. Domino’s Pizza’s dividend payout ratio is currently 41.70%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Loop Capital lowered their price target on shares of Domino’s Pizza from $559.00 to $555.00 and set a “buy” rating for the company in a report on Tuesday, February 25th. Oppenheimer lifted their target price on shares of Domino’s Pizza from $490.00 to $495.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. TD Securities reissued a “buy” rating and set a $490.00 price target on shares of Domino’s Pizza in a research note on Monday, February 24th. Barclays lifted their price objective on Domino’s Pizza from $402.00 to $420.00 and gave the company an “underweight” rating in a research report on Tuesday, February 25th. Finally, Citigroup increased their target price on Domino’s Pizza from $440.00 to $520.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $503.41.

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 completion of the transaction, the executive vice president now directly owns 793 shares of the company’s stock, valued at approximately $346,541. The trade was a 87.23 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Reddy Sandeep sold 1,077 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $443.20, for a total transaction of $477,326.40. Following the sale, the chief financial officer now 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. Insiders sold a total of 8,597 shares of company stock worth $3,762,052 in the last 90 days. 0.76% of the stock is owned by corporate insiders.

Domino’s Pizza Company 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.