Occudo Quantitative Strategies LP Has $903,000 Position in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Occudo Quantitative Strategies LP increased its stake in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) by 169.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,152 shares of the restaurant operator’s stock after buying an additional 1,352 shares during the quarter. Occudo Quantitative Strategies LP’s holdings in Domino’s Pizza were worth $903,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also 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 fourth quarter worth $25,000. Brown Brothers Harriman & Co. boosted its holdings in shares of 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 position in 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 last quarter. EverSource Wealth Advisors LLC grew its position in Domino’s Pizza by 40.0% during 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 during the last quarter. Finally, Lee Danner & Bass Inc. acquired a new position in Domino’s Pizza in the 4th quarter worth about $42,000. Institutional investors own 94.63% of the company’s stock.

Insider Activity

In related news, CFO Reddy Sandeep sold 1,077 shares of the business’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 completion of the sale, the chief financial officer now directly owns 8,081 shares of the company’s stock, valued at $3,581,499.20. The trade was a 11.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Kelly E. Garcia sold 2,104 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $436.28, for a total value of $917,933.12. Following the transaction, the executive vice president now directly owns 5,699 shares in the company, 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. Over the last 90 days, insiders have sold 8,996 shares of company stock worth $3,946,461. Company insiders own 0.83% of the company’s stock.

Domino’s Pizza Stock Performance

Shares of DPZ opened at $484.40 on Wednesday. The firm has a market cap of $16.59 billion, a PE ratio of 29.75, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15. Domino’s Pizza, Inc. has a 52-week low of $396.06 and a 52-week high of $538.44. The business’s 50 day moving average price is $464.38 and its two-hundred day moving average price is $453.06.

Domino’s Pizza (NASDAQ:DPZ) last released its earnings results on Monday, April 28th. The restaurant operator reported $4.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.12 by $0.21. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.12 billion. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. Domino’s Pizza’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.58 EPS. Research analysts predict that Domino’s Pizza, Inc. will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a dividend of $1.74 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $6.96 annualized dividend and a dividend yield of 1.44%. Domino’s Pizza’s dividend payout ratio is currently 39.91%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on DPZ shares. Loop Capital boosted their price target on Domino’s Pizza from $555.00 to $564.00 and gave the stock a “buy” rating in a report on Tuesday, April 29th. Morgan Stanley lifted their target price on shares of Domino’s Pizza from $492.00 to $510.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 29th. Citigroup upped their price target on shares of Domino’s Pizza from $480.00 to $500.00 and gave the company a “neutral” rating in a research report on Tuesday, April 29th. Royal Bank of Canada lifted their price target on shares of Domino’s Pizza from $500.00 to $550.00 and gave the stock an “outperform” rating in a report on Tuesday, April 29th. Finally, Argus restated a “hold” rating and issued a $490.00 price objective on shares of Domino’s Pizza in a report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $498.50.

Domino’s Pizza 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.