California Public Employees Retirement System Has $69.68 Million Position in Domino’s Pizza, Inc. (NASDAQ:DPZ)

California Public Employees Retirement System trimmed its holdings in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) by 1.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 166,005 shares of the restaurant operator’s stock after selling 2,028 shares during the period. California Public Employees Retirement System’s holdings in Domino’s Pizza were worth $69,682,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DPZ. RWA Wealth Partners LLC lifted its stake in Domino’s Pizza by 10.3% during the fourth quarter. RWA Wealth Partners LLC now owns 706 shares of the restaurant operator’s stock worth $296,000 after purchasing an additional 66 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of Domino’s Pizza by 38.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 130,522 shares of the restaurant operator’s stock worth $54,788,000 after buying an additional 36,161 shares in the last quarter. American Money Management LLC raised its holdings in shares of Domino’s Pizza by 1.0% in the 4th quarter. American Money Management LLC now owns 12,276 shares of the restaurant operator’s stock worth $5,153,000 after buying an additional 120 shares in the last quarter. Allstate Corp bought a new position in shares of Domino’s Pizza during the 4th quarter worth approximately $427,000. Finally, Brown Brothers Harriman & Co. boosted its stake in Domino’s Pizza by 1,016.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 61 shares in the last quarter. 94.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Morgan Stanley cut their price objective on Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Barclays increased their target price on shares of Domino’s Pizza from $402.00 to $420.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 25th. TD Cowen restated a “buy” rating and issued a $490.00 price target on shares of Domino’s Pizza in a research report on Monday, February 24th. Argus lowered shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Finally, Loop Capital cut their target price on shares of Domino’s Pizza from $559.00 to $555.00 and set a “buy” rating for the company in a research note on Tuesday, February 25th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $503.41.

Domino’s Pizza Stock Performance

DPZ opened at $459.45 on Tuesday. Domino’s Pizza, Inc. has a twelve month low of $396.06 and a twelve month high of $542.75. The firm has a market cap of $15.76 billion, a PE ratio of 28.22, a price-to-earnings-growth ratio of 2.47 and a beta of 1.06. The firm’s fifty day moving average is $460.10 and its two-hundred day moving average is $442.03.

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). Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the prior year, the firm posted $4.48 earnings per share. The business’s revenue was up 2.9% on a year-over-year basis. Equities analysts forecast that Domino’s Pizza, Inc. will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given 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 annualized dividend and a dividend yield of 1.51%. Domino’s Pizza’s payout ratio is currently 41.70%.

Insider Buying and Selling

In other Domino’s Pizza news, CFO Reddy Sandeep sold 1,077 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $443.20, for a total transaction 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. This represents a 11.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kevin Scott Morris sold 5,416 shares of Domino’s Pizza stock in a transaction dated 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 sale, the executive vice president now directly owns 793 shares in the company, valued at $346,541. This represents a 87.23 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 8,597 shares of company stock valued at $3,762,052. 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.