Truist Financial Corp Sells 16,823 Shares of Domino’s Pizza Inc $DPZ

Truist Financial Corp lessened its position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 23.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 55,939 shares of the restaurant operator’s stock after selling 16,823 shares during the period. Truist Financial Corp’s holdings in Domino’s Pizza were worth $23,317,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Jump Financial LLC bought a new position in Domino’s Pizza during the second quarter worth about $3,183,000. Investment Management Corp of Ontario raised its position in shares of Domino’s Pizza by 68.3% in the second quarter. Investment Management Corp of Ontario now owns 1,594 shares of the restaurant operator’s stock valued at $718,000 after purchasing an additional 647 shares during the period. Sei Investments Co. raised its position in shares of Domino’s Pizza by 21.7% in the second quarter. Sei Investments Co. now owns 80,964 shares of the restaurant operator’s stock valued at $36,480,000 after purchasing an additional 14,452 shares during the period. Glenview Trust co lifted its stake in shares of Domino’s Pizza by 36.9% during the 2nd quarter. Glenview Trust co now owns 1,135 shares of the restaurant operator’s stock valued at $511,000 after buying an additional 306 shares in the last quarter. Finally, HUB Investment Partners LLC lifted its stake in shares of Domino’s Pizza by 17.3% during the 2nd quarter. HUB Investment Partners LLC now owns 1,322 shares of the restaurant operator’s stock valued at $596,000 after buying an additional 195 shares in the last quarter. Institutional investors own 94.63% of the company’s stock.

Insider Buying and Selling

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 488 shares of the company’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $332.31, for a total value of $162,167.28. Following the transaction, the executive vice president directly owned 9,352 shares in the company, valued at $3,107,763.12. This represents a 4.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.89% of the stock is currently owned by insiders.

Domino’s Pizza Price Performance

NASDAQ DPZ opened at $324.66 on Thursday. Domino’s Pizza Inc has a 1 year low of $322.17 and a 1 year high of $499.08. The stock has a market capitalization of $10.80 billion, a PE ratio of 18.69, a P/E/G ratio of 1.53 and a beta of 1.02. The company’s 50 day simple moving average is $374.79 and its two-hundred day simple moving average is $397.55.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings results on Monday, April 27th. The restaurant operator reported $4.13 EPS for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.16). The firm had revenue of $1.15 billion for the quarter. Domino’s Pizza had a net margin of 11.89% and a negative return on equity of 15.04%. Domino’s Pizza’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the business earned $4.33 EPS. On average, research analysts anticipate that Domino’s Pizza Inc will post 19.22 EPS for the current year.

Domino’s Pizza Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a dividend of $1.99 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $7.96 annualized dividend and a yield of 2.5%. Domino’s Pizza’s dividend payout ratio (DPR) is currently 45.83%.

Analyst Ratings Changes

A number of research analysts recently weighed in on DPZ shares. Argus upgraded shares of Domino’s Pizza to a “hold” rating in a research note on Monday, March 9th. Sanford C. Bernstein dropped their target price on Domino’s Pizza from $470.00 to $390.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 28th. Guggenheim reduced their price target on Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating for the company in a research report on Wednesday, February 25th. Jefferies Financial Group decreased their price objective on Domino’s Pizza from $400.00 to $350.00 and set a “hold” rating on the stock in a research note on Tuesday, April 28th. Finally, Morgan Stanley dropped their price objective on Domino’s Pizza from $430.00 to $395.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 28th. Seventeen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $421.35.

Domino’s Pizza Company Profile

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand?crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.