Nikko Asset Management Americas Inc. Has $3.80 Million Holdings in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Nikko Asset Management Americas Inc. lessened its position in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) by 9.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,053 shares of the restaurant operator’s stock after selling 974 shares during the quarter. Nikko Asset Management Americas Inc.’s holdings in Domino’s Pizza were worth $3,800,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. FMR LLC boosted its stake in Domino’s Pizza by 16.3% in the 3rd quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock valued at $941,936,000 after buying an additional 307,528 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Domino’s Pizza by 1.3% in the 4th quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator’s stock valued at $708,498,000 after buying an additional 21,705 shares in the last quarter. Berkshire Hathaway Inc acquired a new stake in Domino’s Pizza in the 3rd quarter valued at $549,399,000. Bank of New York Mellon Corp boosted its stake in Domino’s Pizza by 3.4% in the 4th quarter. Bank of New York Mellon Corp now owns 267,046 shares of the restaurant operator’s stock valued at $112,095,000 after buying an additional 8,753 shares in the last quarter. Finally, Champlain Investment Partners LLC acquired a new stake in Domino’s Pizza in the 3rd quarter valued at $99,352,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

Insider Transactions at Domino’s Pizza

In other news, EVP Kelly E. Garcia sold 2,104 shares of the company’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $436.28, for a total transaction of $917,933.12. Following the completion of the transaction, the executive vice president now directly owns 5,699 shares of the company’s stock, valued at $2,486,359.72. This represents a 26.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Reddy Sandeep sold 1,077 shares of the company’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $443.20, for a total value of $477,326.40. Following the transaction, the chief financial officer now directly owns 8,081 shares of the company’s stock, valued at $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. Insiders sold 8,597 shares of company stock valued at $3,762,052 over the last three months. Company insiders own 0.76% of the company’s stock.

Analyst Upgrades and Downgrades

DPZ has been the topic of several recent analyst reports. Morgan Stanley decreased their price target on Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 price objective on shares of Domino’s Pizza in a research report on Thursday, February 20th. Robert W. Baird cut their price objective on Domino’s Pizza from $545.00 to $510.00 and set an “outperform” rating for the company in a research report on Tuesday, February 25th. BMO Capital Markets lifted their price objective on Domino’s Pizza from $500.00 to $515.00 and gave the company an “outperform” rating in a research report on Tuesday, February 25th. Finally, Argus downgraded Domino’s Pizza from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Domino’s Pizza presently has an average rating of “Moderate Buy” and a consensus price target of $503.41.

Domino’s Pizza Trading Down 0.7 %

NASDAQ:DPZ opened at $425.58 on Monday. Domino’s Pizza, Inc. has a 1 year low of $396.06 and a 1 year high of $542.75. The stock has a market cap of $14.60 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 2.47 and a beta of 1.06. The stock has a 50-day moving average price of $450.39 and a two-hundred day moving average price of $438.21.

Domino’s Pizza (NASDAQ:DPZ) last posted its earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share (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 analyst estimates of $1.47 billion. During the same period in the previous year, the firm posted $4.48 earnings per share. The firm’s revenue was up 2.9% on a year-over-year basis. Sell-side analysts forecast that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current year.

Domino’s Pizza Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a dividend of $1.74 per share. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.51. This represents a $6.96 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Friday, March 14th. Domino’s Pizza’s dividend payout ratio is currently 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.