Ostrum Asset Management Acquires New Holdings in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Ostrum Asset Management bought a new position in Domino’s Pizza, Inc. (NASDAQ:DPZ) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,350 shares of the restaurant operator’s stock, valued at approximately $986,000.

Several other hedge funds have also modified their holdings of the company. Sherman Asset Management Inc. purchased a new position in shares of Domino’s Pizza in the 4th quarter worth approximately $25,000. Brown Brothers Harriman & Co. grew its holdings in Domino’s Pizza by 1,016.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 61 shares during the last quarter. Covestor Ltd increased its position in shares of Domino’s Pizza by 158.1% during the fourth quarter. Covestor Ltd now owns 80 shares of the restaurant operator’s stock worth $34,000 after purchasing an additional 49 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Domino’s Pizza by 40.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock valued at $38,000 after purchasing an additional 26 shares during the last quarter. Finally, Lee Danner & Bass Inc. acquired a new stake in shares of Domino’s Pizza in the 4th quarter worth $42,000. 94.63% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Kelly E. Garcia sold 2,104 shares of Domino’s Pizza 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 sale, the executive vice president now directly owns 5,699 shares of the company’s stock, valued at $2,486,359.72. The trade was a 26.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Kevin Scott Morris sold 5,416 shares of the stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $437.00, for a total value of $2,366,792.00. Following the completion of the transaction, the executive vice president now directly owns 793 shares of the company’s stock, valued at approximately $346,541. This represents a 87.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,996 shares of company stock worth $3,946,461 over the last 90 days. 0.83% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Citigroup reduced their target price on Domino’s Pizza from $500.00 to $480.00 and set a “neutral” rating on the stock in a research report on Thursday, April 10th. Wedbush restated an “outperform” rating and set a $500.00 price objective on shares of Domino’s Pizza in a report on Tuesday, February 25th. Stephens reissued an “equal weight” rating and set a $440.00 target price on shares of Domino’s Pizza in a research report on Wednesday, April 2nd. Loop Capital cut their price target on shares of Domino’s Pizza from $559.00 to $555.00 and set a “buy” rating on the stock in a research note on Tuesday, February 25th. Finally, Morgan Stanley lowered their price objective on shares of 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. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Domino’s Pizza currently has a consensus rating of “Moderate Buy” and a consensus target price of $496.88.

Domino’s Pizza Stock Up 1.0 %

Shares of Domino’s Pizza stock opened at $466.74 on Monday. The firm has a market cap of $16.01 billion, a PE ratio of 28.67, a P/E/G ratio of 2.47 and a beta of 1.15. The business has a 50-day moving average price of $461.93 and a 200 day moving average price of $445.99. Domino’s Pizza, Inc. has a twelve month low of $396.06 and a twelve month high of $542.75.

Domino’s Pizza (NASDAQ:DPZ) last announced its earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share for the quarter, missing the consensus estimate of $4.93 by ($0.04). Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same period in the previous year, the company earned $4.48 earnings per share. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, sell-side analysts expect that Domino’s Pizza, Inc. will post 16.74 EPS for the current year.

Domino’s Pizza Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a $1.74 dividend. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.51. The ex-dividend date was Friday, March 14th. This represents a $6.96 annualized dividend and a dividend yield of 1.49%. Domino’s Pizza’s dividend payout ratio (DPR) is 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.