Domino’s Pizza, Inc. (NYSE:DPZ) Shares Acquired by Dai ichi Life Insurance Company Ltd

Dai ichi Life Insurance Company Ltd boosted its holdings in Domino’s Pizza, Inc. (NYSE:DPZ) by 107.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 4,095 shares of the restaurant operator’s stock after buying an additional 2,124 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in Domino’s Pizza were worth $1,761,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in DPZ. Commerce Bank increased its stake in shares of Domino’s Pizza by 17.7% during the 3rd quarter. Commerce Bank now owns 9,354 shares of the restaurant operator’s stock valued at $4,024,000 after acquiring an additional 1,404 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in Domino’s Pizza by 866.4% during the second quarter. Assenagon Asset Management S.A. now owns 49,846 shares of the restaurant operator’s stock worth $25,737,000 after purchasing an additional 44,688 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Domino’s Pizza by 1.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 229,099 shares of the restaurant operator’s stock valued at $98,545,000 after purchasing an additional 2,201 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Domino’s Pizza by 130.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,387 shares of the restaurant operator’s stock valued at $1,232,000 after purchasing an additional 1,350 shares during the last quarter. Finally, Cetera Investment Advisers grew its stake in shares of Domino’s Pizza by 422.7% during the 1st quarter. Cetera Investment Advisers now owns 7,721 shares of the restaurant operator’s stock valued at $3,836,000 after buying an additional 6,244 shares during the period. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DPZ. Wells Fargo & Company reduced their target price on Domino’s Pizza from $450.00 to $420.00 and set an “equal weight” rating on the stock in a report on Friday, October 11th. Stephens reduced their price objective on Domino’s Pizza from $430.00 to $420.00 and set an “equal weight” rating on the stock in a research note on Friday, October 11th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Domino’s Pizza from $500.00 to $480.00 and set a “buy” rating for the company in a research report on Friday, October 11th. Robert W. Baird reduced their price target on shares of Domino’s Pizza from $580.00 to $535.00 and set an “outperform” rating on the stock in a research report on Thursday, September 12th. Finally, Evercore ISI dropped their price objective on shares of Domino’s Pizza from $500.00 to $480.00 and set an “outperform” rating for the company in a research report on Monday, October 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $495.76.

Insider Buying and Selling

In related news, EVP Kevin Scott Morris sold 2,646 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $459.00, for a total transaction of $1,214,514.00. Following the completion of the transaction, the executive vice president now directly owns 1,966 shares in the company, valued at $902,394. This represents a 57.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andrew Balson sold 6,970 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $428.27, for a total value of $2,985,041.90. Following the completion of the sale, the director now owns 15,390 shares in the company, valued at $6,591,075.30. The trade was a 31.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.76% of the stock is owned by company insiders.

Domino’s Pizza Stock Down 0.1 %

NYSE:DPZ opened at $472.48 on Thursday. The company has a market cap of $16.32 billion, a PE ratio of 29.02, a P/E/G ratio of 2.52 and a beta of 0.86. The business’s 50 day moving average is $429.41 and its two-hundred day moving average is $454.42. Domino’s Pizza, Inc. has a 52 week low of $383.05 and a 52 week high of $542.75.

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

Domino’s Pizza Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Friday, December 13th. Domino’s Pizza’s dividend payout ratio is presently 37.10%.

About Domino’s Pizza

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.