BNP PARIBAS ASSET MANAGEMENT Holding S.A. Sells 1,810 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lowered its stake in Domino’s Pizza, Inc. (NYSE:DPZ) by 11.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,883 shares of the restaurant operator’s stock after selling 1,810 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Domino’s Pizza were worth $5,972,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in DPZ. Moran Wealth Management LLC boosted its position in shares of Domino’s Pizza by 34.1% in the third quarter. Moran Wealth Management LLC now owns 1,777 shares of the restaurant operator’s stock valued at $764,000 after acquiring an additional 452 shares during the period. Moors & Cabot Inc. bought a new position in Domino’s Pizza in the 3rd quarter valued at $204,000. First Horizon Advisors Inc. grew its position in shares of Domino’s Pizza by 10.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 429 shares of the restaurant operator’s stock valued at $185,000 after purchasing an additional 40 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of Domino’s Pizza by 75.3% in the third quarter. Jennison Associates LLC now owns 214,473 shares of the restaurant operator’s stock worth $92,253,000 after purchasing an additional 92,137 shares during the period. Finally, Commerce Bank increased its holdings in shares of Domino’s Pizza by 17.7% in the third quarter. Commerce Bank now owns 9,354 shares of the restaurant operator’s stock worth $4,024,000 after purchasing an additional 1,404 shares during the period. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Price Performance

Shares of NYSE DPZ opened at $453.35 on Monday. Domino’s Pizza, Inc. has a 1 year low of $367.24 and a 1 year high of $542.75. The stock has a market capitalization of $15.66 billion, a P/E ratio of 27.85, a P/E/G ratio of 2.40 and a beta of 0.86. The company’s 50-day moving average is $427.00 and its 200 day moving average is $455.08.

Domino’s Pizza (NYSE:DPZ) last released its earnings results on Thursday, October 10th. The restaurant operator reported $4.19 EPS for the quarter, beating analysts’ consensus estimates of $3.65 by $0.54. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter last year, the business posted $4.18 EPS. Research analysts anticipate that Domino’s Pizza, Inc. will post 16.86 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be paid a $1.51 dividend. The ex-dividend date is Friday, December 13th. This represents a $6.04 annualized dividend and a dividend yield of 1.33%. Domino’s Pizza’s payout ratio is 37.10%.

Insider Activity at Domino’s Pizza

In related news, EVP Kevin Scott Morris sold 2,646 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $459.00, for a total transaction of $1,214,514.00. Following the sale, the executive vice president now directly owns 1,966 shares of the company’s stock, valued at approximately $902,394. This represents a 57.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Andrew Balson sold 6,970 shares of Domino’s Pizza stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $428.27, for a total transaction of $2,985,041.90. Following the completion of the transaction, the director now directly owns 15,390 shares of the company’s stock, valued at $6,591,075.30. This trade represents a 31.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently commented on DPZ. BTIG Research reduced their target price on Domino’s Pizza from $580.00 to $500.00 and set a “buy” rating for the company in a research report on Friday, October 11th. Stephens cut their price objective on Domino’s Pizza from $430.00 to $420.00 and set an “equal weight” rating for the company in a report on Friday, October 11th. Benchmark reiterated a “buy” rating and set a $520.00 target price on shares of Domino’s Pizza in a research report on Friday, October 11th. Jefferies Financial Group decreased their price target on shares of Domino’s Pizza from $455.00 to $450.00 and set a “hold” rating on the stock in a report on Friday, October 11th. Finally, Evercore ISI dropped their price objective on shares of Domino’s Pizza from $500.00 to $480.00 and set an “outperform” rating for the company in a report on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $494.38.

Domino’s Pizza Profile

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.