Geode Capital Management LLC Increases Holdings in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Geode Capital Management LLC boosted its position in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 10.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 955,160 shares of the restaurant operator’s stock after buying an additional 92,389 shares during the quarter. Geode Capital Management LLC owned approximately 2.77% of Domino’s Pizza worth $403,203,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of DPZ. Principal Financial Group Inc. increased its holdings in shares of Domino’s Pizza by 1.4% in the third quarter. Principal Financial Group Inc. now owns 1,666,158 shares of the restaurant operator’s stock worth $716,681,000 after buying an additional 23,681 shares during the period. Benjamin Edwards Inc. purchased a new position in Domino’s Pizza in the 3rd quarter worth approximately $1,154,000. HighTower Advisors LLC lifted its position in Domino’s Pizza by 6.8% in the third quarter. HighTower Advisors LLC now owns 12,893 shares of the restaurant operator’s stock valued at $5,533,000 after purchasing an additional 821 shares during the last quarter. Investment Management Corp of Ontario boosted its stake in shares of Domino’s Pizza by 35.4% during the third quarter. Investment Management Corp of Ontario now owns 1,147 shares of the restaurant operator’s stock valued at $493,000 after purchasing an additional 300 shares during the period. Finally, Point72 DIFC Ltd grew its holdings in shares of Domino’s Pizza by 8.7% in the third quarter. Point72 DIFC Ltd now owns 871 shares of the restaurant operator’s stock worth $375,000 after purchasing an additional 70 shares during the last quarter. 94.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DPZ has been the subject of a number of recent analyst reports. Citigroup upped their price target on shares of Domino’s Pizza from $440.00 to $520.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. Robert W. Baird dropped their target price on shares of Domino’s Pizza from $545.00 to $510.00 and set an “outperform” rating for the company in a report on Tuesday, February 25th. Benchmark restated a “buy” rating and set a $520.00 price target on shares of Domino’s Pizza in a report on Tuesday, February 25th. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 price objective on shares of Domino’s Pizza in a report on Tuesday. Finally, BMO Capital Markets boosted their target price 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. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $503.41.

Domino’s Pizza Price Performance

Shares of NASDAQ:DPZ opened at $444.21 on Friday. The business has a fifty day moving average price of $461.64 and a 200-day moving average price of $443.04. The company has a market capitalization of $15.24 billion, a PE ratio of 27.29, a PEG ratio of 2.47 and a beta of 1.15. Domino’s Pizza, Inc. has a 1-year low of $396.06 and a 1-year high of $542.75.

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 firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same period last year, the firm posted $4.48 earnings per share. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. On average, sell-side 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 announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a dividend of $1.74 per share. This represents a $6.96 annualized dividend and a yield of 1.57%. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.51. The ex-dividend date of this dividend was Friday, March 14th. Domino’s Pizza’s dividend payout ratio (DPR) is currently 41.70%.

Insiders Place Their Bets

In other news, EVP Kevin Scott Morris sold 5,416 shares of Domino’s Pizza stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 793 shares in the company, valued at $346,541. The trade was a 87.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Reddy Sandeep sold 399 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $462.18, for a total transaction of $184,409.82. Following the transaction, the executive vice president now owns 8,756 shares in the company, valued at approximately $4,046,848.08. This trade represents a 4.36 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,996 shares of company stock valued at $3,946,461. Corporate insiders own 0.83% of the company’s stock.

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.