Sumitomo Mitsui Trust Group Inc. Reduces Position in Domino’s Pizza, Inc. (NYSE:DPZ)

Sumitomo Mitsui Trust Group Inc. decreased its holdings in Domino’s Pizza, Inc. (NYSE:DPZ) by 0.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 81,592 shares of the restaurant operator’s stock after selling 447 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.24% of Domino’s Pizza worth $35,096,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of DPZ. International Assets Investment Management LLC increased its holdings in shares of Domino’s Pizza by 40,191.5% in the third quarter. International Assets Investment Management LLC now owns 523,790 shares of the restaurant operator’s stock valued at $225,303,000 after purchasing an additional 522,490 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Domino’s Pizza by 107.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 444,780 shares of the restaurant operator’s stock worth $221,003,000 after acquiring an additional 230,090 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Domino’s Pizza by 5.8% during the 1st quarter. Vanguard Group Inc. now owns 4,098,664 shares of the restaurant operator’s stock worth $2,036,544,000 after acquiring an additional 222,949 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Domino’s Pizza by 85.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 327,166 shares of the restaurant operator’s stock valued at $168,926,000 after acquiring an additional 150,526 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Domino’s Pizza in the second quarter valued at about $72,296,000. 94.63% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Domino’s Pizza

In other news, Director Andrew Balson sold 6,970 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $428.27, for a total value of $2,985,041.90. Following the transaction, the director now owns 15,390 shares of the company’s stock, valued at approximately $6,591,075.30. The trade was a 31.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.76% of the stock is owned by company insiders.

Domino’s Pizza Trading Down 1.3 %

Shares of DPZ opened at $430.43 on Friday. The firm has a market capitalization of $14.86 billion, a price-to-earnings ratio of 26.44, a PEG ratio of 2.36 and a beta of 0.86. Domino’s Pizza, Inc. has a twelve month low of $367.24 and a twelve month high of $542.75. The firm’s fifty day simple moving average is $423.60 and its 200-day simple moving average is $458.03.

Domino’s Pizza (NYSE:DPZ) last announced its earnings results on Thursday, October 10th. The restaurant operator reported $4.19 EPS for the quarter, beating analysts’ consensus estimates of $3.65 by $0.54. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the previous year, the company posted $4.18 EPS. The company’s quarterly revenue was up 5.1% on a year-over-year basis. On average, analysts predict that Domino’s Pizza, Inc. will post 16.86 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a $1.51 dividend. This represents a $6.04 annualized dividend and a yield of 1.40%. The ex-dividend date is Friday, December 13th. Domino’s Pizza’s dividend payout ratio (DPR) is presently 37.10%.

Analyst Ratings Changes

DPZ has been the subject of several analyst reports. Jefferies Financial Group dropped their price target on shares of Domino’s Pizza from $455.00 to $450.00 and set a “hold” rating for the company in a research note on Friday, October 11th. Stephens lowered their price objective on Domino’s Pizza from $430.00 to $420.00 and set an “equal weight” rating for the company in a research report on Friday, October 11th. Bank of America reduced their target price on Domino’s Pizza from $582.00 to $557.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. Guggenheim lowered their price target on Domino’s Pizza from $485.00 to $460.00 and set a “neutral” rating for the company in a report on Thursday, September 26th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Domino’s Pizza from $470.00 to $450.00 and set a “neutral” rating on the stock in a report on Friday, October 11th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $494.38.

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.