Prudential Financial Inc. Sells 4,246 Shares of Domino’s Pizza, Inc. (NASDAQ:DPZ)

Prudential Financial Inc. lowered its stake in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) by 19.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,948 shares of the restaurant operator’s stock after selling 4,246 shares during the period. Prudential Financial Inc.’s holdings in Domino’s Pizza were worth $7,534,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in DPZ. KG&L Capital Management LLC raised its stake in 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 buying an additional 23 shares during the period. Oppenheimer & Co. Inc. raised its position in shares of 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 lifted its holdings in shares of Domino’s Pizza by 3.1% in the 4th quarter. Greenleaf Trust now owns 854 shares of the restaurant operator’s stock worth $358,000 after purchasing an additional 26 shares in the last quarter. EverSource Wealth Advisors LLC grew its position 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 period. Finally, Larson Financial Group LLC increased its stake in Domino’s Pizza by 2.8% during the 4th quarter. Larson Financial Group LLC now owns 1,017 shares of the restaurant operator’s stock valued at $427,000 after purchasing an additional 28 shares in the last quarter. Institutional investors own 94.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. TD Cowen reaffirmed a “buy” rating and issued a $490.00 price objective on shares of Domino’s Pizza in a research note on Monday, February 24th. Oppenheimer raised their price target on shares of Domino’s Pizza from $490.00 to $495.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Robert W. Baird decreased their price objective on Domino’s Pizza from $545.00 to $510.00 and set an “outperform” rating for the company in a report on Tuesday, February 25th. Stephens restated an “equal weight” rating and issued a $440.00 target price on shares of Domino’s Pizza in a report on Monday, March 3rd. Finally, Argus downgraded Domino’s Pizza from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. One equities research 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $503.41.

Domino’s Pizza Stock Performance

Shares of DPZ opened at $447.12 on Friday. The firm has a market cap of $15.33 billion, a P/E ratio of 27.46, a price-to-earnings-growth ratio of 2.47 and a beta of 1.06. Domino’s Pizza, Inc. has a fifty-two week low of $396.06 and a fifty-two week high of $542.75. The business has a 50-day moving average of $459.46 and a 200 day moving average of $441.41.

Domino’s Pizza (NASDAQ:DPZ) last posted its earnings results 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 business had revenue of $1.44 billion during 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%. Domino’s Pizza’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.48 EPS. As a group, research analysts predict 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 announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $1.74 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $6.96 annualized dividend and a dividend yield of 1.56%. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.51. Domino’s Pizza’s dividend payout ratio is currently 41.70%.

Insider Transactions at Domino’s Pizza

In other news, EVP Kevin Scott Morris sold 5,416 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were 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 approximately $346,541. This trade represents a 87.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Reddy Sandeep sold 1,077 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $443.20, for a total transaction of $477,326.40. Following the sale, the chief financial officer now directly owns 8,081 shares in the company, valued at $3,581,499.20. This trade represents a 11.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,597 shares of company stock valued at $3,762,052 over the last three months. Company insiders own 0.83% of the company’s stock.

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.