Domino’s Pizza, Inc. (NASDAQ:DPZ) Shares Purchased by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. raised its holdings in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 5.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,456 shares of the restaurant operator’s stock after acquiring an additional 420 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Domino’s Pizza were worth $3,549,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of DPZ. Sherman Asset Management Inc. purchased a new stake in shares of Domino’s Pizza in the fourth quarter valued at about $25,000. True Wealth Design LLC boosted its holdings in Domino’s Pizza by 2,033.3% in the 3rd quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 61 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Domino’s Pizza by 40.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock valued at $38,000 after buying an additional 26 shares during the period. Private Trust Co. NA increased its holdings in shares of Domino’s Pizza by 34.3% during the 4th quarter. Private Trust Co. NA now owns 145 shares of the restaurant operator’s stock worth $61,000 after buying an additional 37 shares during the last quarter. Finally, Allworth Financial LP raised its position in shares of Domino’s Pizza by 37.6% during the 4th quarter. Allworth Financial LP now owns 150 shares of the restaurant operator’s stock valued at $66,000 after buying an additional 41 shares during the period. 94.63% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Domino’s Pizza

In other news, CFO Reddy Sandeep sold 1,077 shares of Domino’s Pizza stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $443.20, for a total transaction of $477,326.40. Following the sale, the chief financial officer now owns 8,081 shares in the company, valued at approximately $3,581,499.20. The trade was a 11.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kelly E. Garcia sold 2,104 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total value of $917,933.12. Following the completion of the sale, the executive vice president now directly owns 5,699 shares of the company’s stock, valued at approximately $2,486,359.72. This trade represents a 26.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,597 shares of company stock worth $3,762,052. 0.76% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on DPZ shares. Morgan Stanley cut their target price on Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Royal Bank of Canada reissued an “outperform” rating and set a $500.00 price objective on shares of Domino’s Pizza in a research report on Thursday, February 20th. Citigroup upped their target price on shares of Domino’s Pizza from $440.00 to $520.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Wedbush reiterated an “outperform” rating and set a $500.00 price target on shares of Domino’s Pizza in a research report on Tuesday, February 25th. Finally, Loop Capital decreased their price objective on shares of Domino’s Pizza from $559.00 to $555.00 and set a “buy” rating on the stock in a report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $503.41.

Domino’s Pizza Trading Down 1.0 %

Shares of DPZ stock opened at $461.40 on Friday. Domino’s Pizza, Inc. has a 12 month low of $396.06 and a 12 month high of $542.75. The company has a market cap of $15.82 billion, a P/E ratio of 28.34, a PEG ratio of 2.47 and a beta of 1.06. The firm has a fifty day moving average price of $454.96 and a 200 day moving average price of $439.41.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings data on Monday, February 24th. The restaurant operator reported $4.89 EPS for the quarter, missing analysts’ consensus estimates of $4.93 by ($0.04). Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter in the previous year, the company posted $4.48 EPS. The company’s revenue was up 2.9% compared to the same quarter last year. On average, equities analysts forecast that Domino’s Pizza, Inc. will post 16.74 EPS for the current year.

Domino’s Pizza Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $1.74 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $6.96 dividend on an annualized basis and a yield of 1.51%. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.51. Domino’s Pizza’s dividend payout ratio (DPR) is presently 41.70%.

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.