Mackenzie Financial Corp Sells 2,922 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

Mackenzie Financial Corp lessened its position in Domino’s Pizza, Inc. (NYSE:DPZ) by 46.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,384 shares of the restaurant operator’s stock after selling 2,922 shares during the quarter. Mackenzie Financial Corp’s holdings in Domino’s Pizza were worth $1,395,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Domino’s Pizza in the 4th quarter worth about $25,000. Creative Financial Designs Inc. ADV lifted its holdings 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 during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Domino’s Pizza in the 3rd quarter worth about $39,000. Jones Financial Companies Lllp bought a new stake in shares of Domino’s Pizza in the 3rd quarter worth about $49,000. Finally, Larson Financial Group LLC bought a new stake in shares of Domino’s Pizza in the 3rd quarter worth about $53,000. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Stock Up 1.4 %

Shares of Domino’s Pizza stock opened at $487.71 on Thursday. The firm’s 50 day moving average price is $464.16 and its 200-day moving average price is $417.01. The company has a market cap of $16.99 billion, a P/E ratio of 33.25, a PEG ratio of 2.46 and a beta of 0.86. Domino’s Pizza, Inc. has a 52-week low of $285.84 and a 52-week high of $508.44.

Domino’s Pizza (NYSE:DPZ) last released its earnings results on Monday, February 26th. The restaurant operator reported $4.48 EPS for the quarter, topping analysts’ consensus estimates of $4.38 by $0.10. The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Domino’s Pizza had a net margin of 11.59% and a negative return on equity of 12.56%. Domino’s Pizza’s revenue for the quarter was up .8% on a year-over-year basis. During the same period last year, the business earned $4.43 EPS. As a group, equities research analysts forecast that Domino’s Pizza, Inc. will post 15.72 EPS for the current fiscal 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 paid a $1.51 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.21. This represents a $6.04 dividend on an annualized basis and a yield of 1.24%. Domino’s Pizza’s dividend payout ratio (DPR) is 41.17%.

Insider Buying and Selling

In related news, EVP Cynthia A. Headen sold 108 shares of Domino’s Pizza stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total value of $53,468.64. Following the completion of the sale, the executive vice president now directly owns 3,910 shares in the company, valued at approximately $1,935,762.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Domino’s Pizza news, EVP Cynthia A. Headen sold 108 shares of Domino’s Pizza stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total transaction of $53,468.64. Following the completion of the sale, the executive vice president now directly owns 3,910 shares in the company, valued at approximately $1,935,762.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Cynthia A. Headen sold 768 shares of Domino’s Pizza stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $451.52, for a total transaction of $346,767.36. Following the sale, the executive vice president now owns 4,103 shares of the company’s stock, valued at $1,852,586.56. The disclosure for this sale can be found here. 0.81% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

DPZ has been the topic of several recent analyst reports. TD Cowen reaffirmed a “buy” rating and issued a $550.00 price target on shares of Domino’s Pizza in a research note on Wednesday, April 10th. Sanford C. Bernstein raised shares of Domino’s Pizza from an “underperform” rating to a “market perform” rating and raised their price target for the stock from $330.00 to $370.00 in a research note on Tuesday, January 9th. Evercore ISI raised their price target on shares of Domino’s Pizza from $510.00 to $560.00 and gave the stock an “outperform” rating in a research note on Monday, April 8th. Gordon Haskett raised shares of Domino’s Pizza from a “hold” rating to a “buy” rating and set a $467.00 price target on the stock in a research note on Tuesday, January 16th. Finally, UBS Group raised their price target on shares of Domino’s Pizza from $526.00 to $570.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $460.90.

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.