NFJ Investment Group LLC Cuts Position in Domino’s Pizza, Inc. (NASDAQ:DPZ)

NFJ Investment Group LLC lowered its holdings in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) by 3.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 69,802 shares of the restaurant operator’s stock after selling 2,853 shares during the quarter. Domino’s Pizza accounts for about 0.9% of NFJ Investment Group LLC’s investment portfolio, making the stock its 29th largest holding. NFJ Investment Group LLC’s holdings in Domino’s Pizza were worth $29,300,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sherman Asset Management Inc. bought a new stake in shares of Domino’s Pizza during the 4th quarter valued at about $25,000. Brown Brothers Harriman & Co. boosted its position in Domino’s Pizza by 1,016.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 61 shares in the last quarter. Covestor Ltd grew its holdings in shares of Domino’s Pizza by 158.1% during the 4th quarter. Covestor Ltd now owns 80 shares of the restaurant operator’s stock worth $34,000 after acquiring an additional 49 shares during the period. EverSource Wealth Advisors LLC raised its position 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 worth $38,000 after acquiring an additional 26 shares in the last quarter. Finally, Lee Danner & Bass Inc. purchased a new position in shares of Domino’s Pizza in the 4th quarter valued at approximately $42,000. 94.63% of the stock is currently owned by institutional investors.

Insider Activity at Domino’s Pizza

In other Domino’s Pizza news, EVP Kevin Scott Morris sold 5,416 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $437.00, for a total transaction of $2,366,792.00. Following the transaction, the executive vice president now owns 793 shares in the company, valued at $346,541. The trade was a 87.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 transaction, the chief financial officer now directly owns 8,081 shares of the company’s stock, valued at approximately $3,581,499.20. This represents a 11.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,996 shares of company stock valued at $3,946,461. Insiders own 0.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on DPZ. Stephens reissued an “equal weight” rating and set a $440.00 price objective on shares of Domino’s Pizza in a research report on Wednesday, April 2nd. BMO Capital Markets raised their target price on shares of Domino’s Pizza from $500.00 to $515.00 and gave the company an “outperform” rating in a research note on Tuesday, February 25th. Argus cut Domino’s Pizza from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Benchmark reaffirmed a “buy” rating and set a $520.00 price objective on shares of Domino’s Pizza in a research report on Tuesday, February 25th. Finally, Robert W. Baird dropped their target price on Domino’s Pizza from $510.00 to $500.00 and set an “outperform” rating on the stock in a report on Monday, April 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $499.69.

Domino’s Pizza Trading Down 1.5 %

Shares of DPZ stock opened at $468.56 on Wednesday. The stock’s 50-day moving average price is $462.33 and its 200-day moving average price is $445.05. Domino’s Pizza, Inc. has a 12-month low of $396.06 and a 12-month high of $542.75. The stock has a market capitalization of $16.07 billion, a price-to-earnings ratio of 28.78, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15.

Domino’s Pizza (NASDAQ:DPZ) last posted its earnings results 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 firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the prior year, the company posted $4.48 earnings per share. The firm’s revenue was up 2.9% compared to the same quarter last year. As a group, research analysts predict that Domino’s Pizza, Inc. will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $1.74 dividend. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.51. The ex-dividend date of this dividend was Friday, March 14th. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.49%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 41.70%.

Domino’s Pizza Company 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.