Domino’s Pizza, Inc. (NYSE:DPZ) Shares Purchased by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. raised its position in Domino’s Pizza, Inc. (NYSE:DPZ) by 12.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,912 shares of the restaurant operator’s stock after purchasing an additional 1,699 shares during the period. Royal London Asset Management Ltd.’s holdings in Domino’s Pizza were worth $6,414,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. True Wealth Design LLC raised its position in shares of Domino’s Pizza by 2,033.3% in the third quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 61 shares during the last quarter. Central Pacific Bank Trust Division purchased a new stake in Domino’s Pizza in the 3rd quarter worth approximately $30,000. Blue Trust Inc. raised its holdings in Domino’s Pizza by 162.5% in the 2nd quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock valued at $31,000 after acquiring an additional 39 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Domino’s Pizza during the 3rd quarter worth $43,000. Finally, Crewe Advisors LLC boosted its holdings in shares of Domino’s Pizza by 46.6% during the second quarter. Crewe Advisors LLC now owns 107 shares of the restaurant operator’s stock worth $55,000 after purchasing an additional 34 shares during the last quarter. 94.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DPZ has been the subject of several analyst reports. Loop Capital upgraded Domino’s Pizza from a “hold” rating to a “buy” rating and upped their target price for the company from $419.00 to $559.00 in a research note on Friday, November 8th. Wells Fargo & Company dropped their price objective on shares of Domino’s Pizza from $450.00 to $420.00 and set an “equal weight” rating for the company in a research note on Friday, October 11th. Barclays decreased their target price on shares of Domino’s Pizza from $380.00 to $370.00 and set an “underweight” rating on the stock in a research report on Friday, October 11th. TD Cowen upped their price target on shares of Domino’s Pizza from $475.00 to $515.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Finally, Citigroup cut their price target on shares of Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating on the stock in a research note on Friday, October 11th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Domino’s Pizza currently has an average rating of “Moderate Buy” and an average price target of $495.76.

Insider Activity

In other Domino’s Pizza news, EVP Kevin Scott Morris sold 2,646 shares of Domino’s Pizza stock in a transaction on Friday, November 15th. The shares were sold at an average price of $459.00, for a total value of $1,214,514.00. Following the completion of the transaction, the executive vice president now owns 1,966 shares of the company’s stock, valued at $902,394. The trade was a 57.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Andrew Balson sold 6,970 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $428.27, for a total transaction of $2,985,041.90. Following the sale, the director now directly owns 15,390 shares in the company, valued at $6,591,075.30. This trade represents a 31.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.76% of the company’s stock.

Domino’s Pizza Stock Down 1.3 %

Shares of NYSE DPZ opened at $459.59 on Monday. Domino’s Pizza, Inc. has a fifty-two week low of $392.52 and a fifty-two week high of $542.75. The business has a 50 day moving average price of $436.83 and a two-hundred day moving average price of $451.84. The firm has a market cap of $15.87 billion, a PE ratio of 28.23, a price-to-earnings-growth ratio of 2.52 and a beta of 0.88.

Domino’s Pizza (NYSE:DPZ) last released its earnings results on Thursday, October 10th. The restaurant operator reported $4.19 EPS for the quarter, beating the consensus estimate of $3.65 by $0.54. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The business’s revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the business posted $4.18 EPS. On average, analysts anticipate that Domino’s Pizza, Inc. will post 16.82 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given a $1.51 dividend. This represents a $6.04 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Friday, December 13th. Domino’s Pizza’s payout ratio is currently 37.10%.

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.