Sumitomo Mitsui Trust Group Inc. Sells 59,588 Shares of Domino’s Pizza Inc $DPZ

Sumitomo Mitsui Trust Group Inc. reduced its stake in Domino’s Pizza Inc (NASDAQ:DPZ) by 96.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,889 shares of the restaurant operator’s stock after selling 59,588 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Domino’s Pizza were worth $566,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Soroban Capital Partners LP acquired a new position in Domino’s Pizza during the first quarter valued at approximately $895,251,000. BlackRock Inc. acquired a new stake in shares of Domino’s Pizza in the second quarter worth $715,704,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Domino’s Pizza by 247.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 527,246 shares of the restaurant operator’s stock worth $189,171,000 after buying an additional 375,709 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of Domino’s Pizza by 937,192.2% in the second quarter. Van ECK Associates Corp now owns 478,019 shares of the restaurant operator’s stock worth $141,513,000 after buying an additional 477,968 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of Domino’s Pizza by 5.2% during the 1st quarter. Royal Bank of Canada now owns 448,221 shares of the restaurant operator’s stock worth $160,817,000 after buying an additional 22,320 shares during the period. Institutional investors own 94.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DPZ. Sanford C. Bernstein reiterated a “market perform” rating on shares of Domino’s Pizza in a research note on Thursday, October 15th. Berenberg Bank upgraded shares of Domino’s Pizza to a “strong-buy” rating in a report on Monday, October 5th. Robert W. Baird cut their target price on shares of Domino’s Pizza from $325.00 to $320.00 and set a “neutral” rating for the company in a research report on Wednesday, October 14th. Bank of America decreased their price target on shares of Domino’s Pizza from $455.00 to $410.00 and set a “buy” rating for the company in a report on Wednesday, October 14th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Domino’s Pizza in a report on Wednesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Domino’s Pizza has an average rating of “Moderate Buy” and a consensus target price of $380.87.

Domino’s Pizza Price Performance

DPZ opened at $334.28 on Monday. The firm has a market capitalization of $11.00 billion, a P/E ratio of 18.42, a price-to-earnings-growth ratio of 1.54 and a beta of 0.95. The stock’s 50 day moving average price is $313.29 and its two-hundred day moving average price is $341.60. Domino’s Pizza Inc has a 12-month low of $282.00 and a 12-month high of $442.35.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings results on Tuesday, October 13th. The restaurant operator reported $4.60 EPS for the quarter, topping the consensus estimate of $4.33 by $0.27. Domino’s Pizza had a negative return on equity of 15.48% and a net margin of 12.03%. The company had revenue of $1.19 billion for the quarter. During the same period in the prior year, the firm earned $4.08 earnings per share. The business’s quarterly revenue was up 3.4% on a year-over-year basis. As a group, analysts anticipate that Domino’s Pizza Inc will post 19.10 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Tuesday, December 15th will be paid a $1.99 dividend. The ex-dividend date is Tuesday, December 15th. This represents a $7.96 annualized dividend and a dividend yield of 2.4%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 43.86%.

Domino’s Pizza Profile

Domino’s Pizza, Inc is a global pizza company that operates and franchises restaurants specializing in delivery and carryout. Its menu includes pizzas, chicken wings, sandwiches, pasta, bread sides, desserts and beverages, with offerings varying by location.

The company traces its roots to a pizza shop opened in Ypsilanti, Michigan, in 1960. It adopted the Domino’s Pizza name in 1965 and has since grown through a predominantly franchised business model, serving customers in the United States and international markets.

Domino’s is headquartered in Ann Arbor, Michigan.