Desjardins Global Asset Management Inc. Reduces Stake in Domino’s Pizza, Inc. (NYSE:DPZ)

Desjardins Global Asset Management Inc. lowered its holdings in Domino’s Pizza, Inc. (NYSE:DPZ) by 54.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 522 shares of the restaurant operator’s stock after selling 622 shares during the quarter. Desjardins Global Asset Management Inc.’s holdings in Domino’s Pizza were worth $215,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Turtle Creek Wealth Advisors LLC bought a new position in shares of Domino’s Pizza in the 4th quarter worth approximately $25,000. Creative Financial Designs Inc. ADV raised its position in shares of Domino’s Pizza by 127.8% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 82 shares of the restaurant operator’s stock worth $34,000 after acquiring an additional 46 shares in the last quarter. KB Financial Partners LLC bought a new position in shares of Domino’s Pizza in the 1st quarter worth approximately $32,000. Harvest Fund Management Co. Ltd bought a new position in shares of Domino’s Pizza in the 3rd quarter worth approximately $39,000. Finally, Jones Financial Companies Lllp bought a new position in shares of Domino’s Pizza in the 3rd quarter worth approximately $49,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Price Performance

DPZ stock opened at $481.66 on Friday. The company has a market cap of $16.78 billion, a P/E ratio of 32.83, a price-to-earnings-growth ratio of 2.46 and a beta of 0.86. Domino’s Pizza, Inc. has a 1 year low of $285.84 and a 1 year high of $508.44. The stock’s fifty day moving average price is $459.86 and its 200-day moving average price is $413.47.

Domino’s Pizza (NYSE:DPZ) last released its earnings results on Monday, February 26th. The restaurant operator reported $4.48 earnings per share for the quarter, beating the consensus estimate of $4.38 by $0.10. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.42 billion. Domino’s Pizza had a negative return on equity of 12.56% and a net margin of 11.59%. Domino’s Pizza’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the business earned $4.43 earnings per share. As a group, analysts expect that Domino’s Pizza, Inc. will post 15.76 earnings per share for the current year.

Domino’s Pizza Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $1.51 per share. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.21. This represents a $6.04 annualized dividend and a yield of 1.25%. Domino’s Pizza’s payout ratio is 41.17%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Citigroup increased their target price on Domino’s Pizza from $458.00 to $505.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Morgan Stanley increased their target price on Domino’s Pizza from $485.00 to $515.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Jefferies Financial Group raised their price objective on Domino’s Pizza from $455.00 to $480.00 and gave the company a “hold” rating in a research report on Tuesday. TD Cowen reaffirmed a “buy” rating and set a $550.00 price objective on shares of Domino’s Pizza in a research report on Wednesday, April 10th. Finally, BMO Capital Markets raised their price objective on Domino’s Pizza from $475.00 to $535.00 and gave the company an “outperform” rating in a research report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $460.90.

Insider Activity at Domino’s Pizza

In related news, EVP Cynthia A. Headen sold 108 shares of Domino’s Pizza stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $495.08, for a total transaction of $53,468.64. Following the transaction, the executive vice president now directly owns 3,910 shares in the company, valued at $1,935,762.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Domino’s Pizza news, EVP Cynthia A. Headen sold 768 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $451.52, for a total transaction of $346,767.36. Following the sale, the executive vice president now directly owns 4,103 shares of the company’s stock, valued at $1,852,586.56. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Cynthia A. Headen sold 108 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total value of $53,468.64. Following the sale, the executive vice president now directly owns 3,910 shares in the company, valued at $1,935,762.80. The disclosure for this sale can be found here. 0.76% of the stock is owned by company insiders.

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.