KLP Kapitalforvaltning AS Makes New Investment in Domino’s Pizza, Inc. (NASDAQ:DPZ)

KLP Kapitalforvaltning AS acquired a new stake in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,990 shares of the restaurant operator’s stock, valued at approximately $7,551,000. KLP Kapitalforvaltning AS owned approximately 0.05% of Domino’s Pizza as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Principal Financial Group Inc. raised 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 last quarter. PNC Financial Services Group Inc. increased its position in shares of Domino’s Pizza by 4.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 10,381 shares of the restaurant operator’s stock valued at $4,465,000 after acquiring an additional 479 shares during the period. Moors & Cabot Inc. purchased a new position in Domino’s Pizza in the 3rd quarter worth $204,000. Charles Schwab Investment Management Inc. lifted its position in Domino’s Pizza by 1.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 229,099 shares of the restaurant operator’s stock worth $98,545,000 after acquiring an additional 2,201 shares during the period. Finally, Raymond James Trust N.A. grew its stake in Domino’s Pizza by 16.7% during the 3rd quarter. Raymond James Trust N.A. now owns 839 shares of the restaurant operator’s stock valued at $361,000 after purchasing an additional 120 shares during the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DPZ has been the subject of several research analyst reports. TD Cowen restated a “buy” rating and issued a $490.00 price objective on shares of Domino’s Pizza in a research note on Monday, February 24th. Stephens reissued an “equal weight” rating and set a $440.00 price target on shares of Domino’s Pizza in a research report on Monday, March 3rd. Argus downgraded shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. BMO Capital Markets increased their price objective on shares of Domino’s Pizza from $500.00 to $515.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 25th. Finally, Morgan Stanley decreased 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 report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $503.41.

Domino’s Pizza Stock Up 1.0 %

Shares of NASDAQ DPZ opened at $466.04 on Tuesday. The firm has a 50-day simple moving average of $456.08 and a 200-day simple moving average of $440.30. The stock has a market capitalization of $15.98 billion, a price-to-earnings ratio of 28.63, a price-to-earnings-growth ratio of 2.47 and a beta of 1.06. Domino’s Pizza, Inc. has a 52 week low of $396.06 and a 52 week high of $542.75.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings data on Monday, February 24th. The restaurant operator reported $4.89 EPS for the quarter, missing analysts’ consensus estimates of $4.93 by ($0.04). The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.47 billion. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The firm’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.48 EPS. As a group, equities research analysts expect that Domino’s Pizza, Inc. will post 16.74 EPS for the current year.

Domino’s Pizza Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $1.74 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.51. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.49%. Domino’s Pizza’s dividend payout ratio (DPR) is 41.70%.

Insider Transactions at Domino’s Pizza

In other news, EVP Kevin Scott Morris sold 5,416 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $437.00, for a total transaction of $2,366,792.00. Following the completion of 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kelly E. Garcia sold 2,104 shares of the company’s stock in a transaction that occurred on 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 $2,486,359.72. This represents a 26.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,597 shares of company stock worth $3,762,052 in the last quarter. Company insiders own 0.76% 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.