Sei Investments Co. Has $27.41 Million Stock Holdings in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Sei Investments Co. decreased its position in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) by 14.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 65,285 shares of the restaurant operator’s stock after selling 10,844 shares during the period. Sei Investments Co. owned 0.19% of Domino’s Pizza worth $27,405,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Berkshire Hathaway Inc purchased a new stake in shares of Domino’s Pizza during the 3rd quarter worth about $549,399,000. Janney Montgomery Scott LLC lifted its stake in Domino’s Pizza by 278.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 11,060 shares of the restaurant operator’s stock valued at $4,643,000 after acquiring an additional 8,136 shares during the last quarter. Empowered Funds LLC grew its position in Domino’s Pizza by 44.6% in the fourth quarter. Empowered Funds LLC now owns 5,713 shares of the restaurant operator’s stock worth $2,398,000 after acquiring an additional 1,762 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Domino’s Pizza by 1.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 229,099 shares of the restaurant operator’s stock worth $98,545,000 after purchasing an additional 2,201 shares during the last quarter. Finally, Alta Capital Management LLC raised its holdings in shares of Domino’s Pizza by 20.5% during the 4th quarter. Alta Capital Management LLC now owns 7,144 shares of the restaurant operator’s stock valued at $2,999,000 after purchasing an additional 1,214 shares in the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Insider Buying and Selling at Domino’s Pizza

In other news, CFO Reddy Sandeep sold 1,077 shares of Domino’s Pizza stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 8,081 shares in the company, valued at approximately $3,581,499.20. The trade was a 11.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Kevin Scott Morris sold 5,416 shares of the business’s 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 completion of the transaction, the executive vice president now directly owns 793 shares in the company, valued at $346,541. The trade was a 87.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,597 shares of company stock valued at $3,762,052. 0.76% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on DPZ. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 price target on shares of Domino’s Pizza in a research report on Thursday, February 20th. BMO Capital Markets boosted their target price on Domino’s Pizza from $500.00 to $515.00 and gave the stock an “outperform” rating in a report on Tuesday, February 25th. Benchmark reiterated a “buy” rating and set a $520.00 price target on shares of Domino’s Pizza in a report on Tuesday, February 25th. Stephens restated an “equal weight” rating and issued a $440.00 price objective on shares of Domino’s Pizza in a research note on Monday, March 3rd. Finally, Barclays raised their target price on shares of Domino’s Pizza from $402.00 to $420.00 and gave the company an “underweight” rating in a research note on Tuesday, February 25th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $503.41.

Domino’s Pizza Stock Down 1.2 %

NASDAQ DPZ opened at $460.27 on Wednesday. Domino’s Pizza, Inc. has a twelve month low of $396.06 and a twelve month high of $542.75. The stock has a market cap of $15.79 billion, a P/E ratio of 28.27, a PEG ratio of 2.47 and a beta of 1.06. The company’s 50-day simple moving average is $456.96 and its 200 day simple moving average is $440.66.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings data 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). The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.47 billion. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.48 earnings per share. Research analysts anticipate that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current year.

Domino’s Pizza Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $1.74 per share. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.51. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.51%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 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.