Domino’s Pizza Inc $DPZ Shares Sold by TD Asset Management Inc

TD Asset Management Inc cut its holdings in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 8.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 330,321 shares of the restaurant operator’s stock after selling 31,347 shares during the period. TD Asset Management Inc’s holdings in Domino’s Pizza were worth $137,684,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Berkshire Hathaway Inc boosted its holdings in Domino’s Pizza by 13.2% in the 3rd quarter. Berkshire Hathaway Inc now owns 2,981,945 shares of the restaurant operator’s stock valued at $1,287,335,000 after purchasing an additional 348,077 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Domino’s Pizza by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 1,026,391 shares of the restaurant operator’s stock valued at $432,033,000 after purchasing an additional 19,019 shares during the last quarter. Invesco Ltd. boosted its holdings in Domino’s Pizza by 9.3% in the 3rd quarter. Invesco Ltd. now owns 919,830 shares of the restaurant operator’s stock valued at $397,100,000 after purchasing an additional 78,594 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Domino’s Pizza by 21,977.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 914,672 shares of the restaurant operator’s stock valued at $381,254,000 after purchasing an additional 910,529 shares during the last quarter. Finally, Marshfield Associates boosted its holdings in Domino’s Pizza by 4.0% in the 3rd quarter. Marshfield Associates now owns 744,515 shares of the restaurant operator’s stock valued at $321,415,000 after purchasing an additional 28,765 shares during the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Kelly E. Garcia sold 488 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $313.16, for a total transaction of $152,822.08. Following the sale, the executive vice president directly owned 9,352 shares of the company’s stock, valued at $2,928,672.32. This represents a 4.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on DPZ shares. Guggenheim decreased their target price on shares of Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating on the stock in a report on Wednesday, February 25th. BTIG Research decreased their target price on shares of Domino’s Pizza from $500.00 to $450.00 and set a “buy” rating on the stock in a report on Monday, April 27th. Argus upgraded shares of Domino’s Pizza to a “hold” rating in a report on Monday, March 9th. DA Davidson decreased their target price on shares of Domino’s Pizza from $436.00 to $423.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Finally, Piper Sandler decreased their target price on shares of Domino’s Pizza from $421.00 to $359.00 and set a “neutral” rating on the stock in a report on Monday, April 27th. Seventeen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $418.13.

Domino’s Pizza Stock Performance

Domino’s Pizza stock opened at $307.51 on Friday. The company’s 50 day simple moving average is $340.06 and its 200-day simple moving average is $383.08. The company has a market capitalization of $10.23 billion, a price-to-earnings ratio of 17.70, a price-to-earnings-growth ratio of 1.42 and a beta of 0.97. Domino’s Pizza Inc has a 1 year low of $297.48 and a 1 year high of $496.00.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings results on Monday, April 27th. The restaurant operator reported $4.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.16). The company had revenue of $1.15 billion during the quarter. Domino’s Pizza had a net margin of 11.89% and a negative return on equity of 15.04%. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter last year, the business earned $4.33 earnings per share. Equities analysts expect that Domino’s Pizza Inc will post 19.14 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $1.99 dividend. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, June 15th. Domino’s Pizza’s payout ratio is 45.83%.

About Domino’s Pizza

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.