Shelton Capital Management Lowers Holdings in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Shelton Capital Management decreased its position in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 72.0% in the fourth quarter, Holdings Channel reports. The firm owned 2,105 shares of the restaurant operator’s stock after selling 5,400 shares during the period. Shelton Capital Management’s holdings in Domino’s Pizza were worth $884,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of DPZ. Invesco Ltd. raised its stake in Domino’s Pizza by 46.0% in the fourth quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator’s stock worth $255,649,000 after buying an additional 191,752 shares in the last quarter. Bank of Montreal Can raised its stake in Domino’s Pizza by 6.6% in the fourth quarter. Bank of Montreal Can now owns 63,012 shares of the restaurant operator’s stock worth $26,450,000 after buying an additional 3,898 shares in the last quarter. 2Xideas AG raised its stake in Domino’s Pizza by 96.1% in the fourth quarter. 2Xideas AG now owns 29,188 shares of the restaurant operator’s stock worth $12,252,000 after buying an additional 14,303 shares in the last quarter. Federated Hermes Inc. raised its stake in Domino’s Pizza by 11.0% in the fourth quarter. Federated Hermes Inc. now owns 61,894 shares of the restaurant operator’s stock worth $25,981,000 after buying an additional 6,137 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in Domino’s Pizza by 1.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 369,307 shares of the restaurant operator’s stock worth $155,020,000 after buying an additional 5,840 shares in the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Benchmark reaffirmed a “buy” rating and set a $520.00 price target on shares of Domino’s Pizza in a research report on Tuesday, February 25th. Barclays upped their price target on Domino’s Pizza from $402.00 to $420.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 25th. Morgan Stanley reduced their price target on Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. Wedbush reaffirmed an “outperform” rating and set a $500.00 price target on shares of Domino’s Pizza in a research report on Tuesday, February 25th. Finally, BMO Capital Markets upped their price target on Domino’s Pizza from $500.00 to $515.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have assigned a buy rating and one has assigned 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 price target of $503.04.

Domino’s Pizza Stock Up 6.0 %

DPZ stock opened at $456.35 on Thursday. The company’s 50-day simple moving average is $462.08 and its 200-day simple moving average is $444.03. Domino’s Pizza, Inc. has a 52-week low of $396.06 and a 52-week high of $542.75. The firm has a market cap of $15.65 billion, a P/E ratio of 28.03, a PEG 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.93 by ($0.04). The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The company’s revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company earned $4.48 earnings per share. On average, analysts anticipate that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $1.74 dividend. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.51. This represents a $6.96 dividend on an annualized basis and a yield of 1.53%. Domino’s Pizza’s dividend payout ratio (DPR) is currently 41.70%.

Insider Activity at Domino’s Pizza

In other Domino’s Pizza news, CFO Reddy Sandeep sold 1,077 shares of the stock in a transaction dated Tuesday, March 11th. The shares were 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 owns 8,081 shares in the company, valued at approximately $3,581,499.20. This represents a 11.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kevin Scott Morris sold 5,416 shares of the stock in a transaction dated 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 completion of the sale, the executive vice president now owns 793 shares of the company’s stock, valued at approximately $346,541. The trade was a 87.23 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,996 shares of company stock valued at $3,946,461. 0.83% of the stock is owned by corporate insiders.

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.