Pictet Asset Management Holding SA Reduces Stock Position in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Pictet Asset Management Holding SA decreased its stake in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) by 3.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 21,397 shares of the restaurant operator’s stock after selling 793 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Domino’s Pizza were worth $8,982,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. KG&L Capital Management LLC raised its holdings in shares of Domino’s Pizza by 1.4% during the 4th quarter. KG&L Capital Management LLC now owns 1,725 shares of the restaurant operator’s stock worth $724,000 after acquiring an additional 23 shares during the period. Oppenheimer & Co. Inc. raised its stake in Domino’s Pizza by 2.0% during the fourth quarter. Oppenheimer & Co. Inc. now owns 1,157 shares of the restaurant operator’s stock worth $486,000 after purchasing an additional 23 shares during the period. Greenleaf Trust raised its stake in Domino’s Pizza by 3.1% during the fourth quarter. Greenleaf Trust now owns 854 shares of the restaurant operator’s stock worth $358,000 after purchasing an additional 26 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Domino’s Pizza by 40.0% in 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, Larson Financial Group LLC grew its stake in shares of Domino’s Pizza by 2.8% in the 4th quarter. Larson Financial Group LLC now owns 1,017 shares of the restaurant operator’s stock valued at $427,000 after buying an additional 28 shares during the period. Institutional investors and hedge funds own 94.63% of the company’s stock.

Domino’s Pizza Trading Up 0.6 %

Shares of NASDAQ:DPZ opened at $468.35 on Thursday. Domino’s Pizza, Inc. has a 52 week low of $396.06 and a 52 week high of $542.75. The company’s 50 day moving average is $461.12 and its two-hundred day moving average is $442.65. The company has a market cap of $16.06 billion, a PE ratio of 28.77, a P/E/G ratio of 2.47 and a beta of 1.06.

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 the consensus estimate of $4.93 by ($0.04). The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period last year, the company earned $4.48 EPS. As a group, equities research analysts expect that Domino’s Pizza, Inc. will post 16.74 EPS for the current year.

Domino’s Pizza Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a dividend of $1.74 per share. This is a boost 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 annualized dividend and a yield of 1.49%. Domino’s Pizza’s payout ratio is presently 41.70%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Loop Capital reduced 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 report on Tuesday, February 25th. Oppenheimer upped their price target on Domino’s Pizza from $490.00 to $495.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Argus downgraded 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 target price on shares of Domino’s Pizza in a research note on Tuesday, February 25th. Finally, Wedbush reissued an “outperform” rating and issued a $500.00 price target on shares of Domino’s Pizza in a research note on Tuesday, February 25th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $503.41.

Insider Buying and Selling

In related news, 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 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. This represents a 11.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kevin Scott Morris sold 5,416 shares of Domino’s Pizza stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $437.00, for a total value of $2,366,792.00. Following the transaction, the executive vice president now directly owns 793 shares in the company, valued at approximately $346,541. This trade represents a 87.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,597 shares of company stock worth $3,762,052 over the last 90 days. 0.83% of the stock is owned by insiders.

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.