Orion Portfolio Solutions LLC Acquires 547 Shares of Domino’s Pizza, Inc. (NASDAQ:DPZ)

Orion Portfolio Solutions LLC grew its holdings in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) by 20.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,166 shares of the restaurant operator’s stock after acquiring an additional 547 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Domino’s Pizza were worth $1,329,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in DPZ. Nomura Asset Management Co. Ltd. boosted its holdings in Domino’s Pizza by 0.5% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 16,172 shares of the restaurant operator’s stock valued at $6,788,000 after acquiring an additional 83 shares during the period. X Square Capital LLC boosted its stake in shares of Domino’s Pizza by 1.2% during the fourth quarter. X Square Capital LLC now owns 4,515 shares of the restaurant operator’s stock valued at $1,895,000 after purchasing an additional 55 shares during the period. Norges Bank bought a new position in shares of Domino’s Pizza in the fourth quarter worth approximately $250,571,000. UniSuper Management Pty Ltd increased its stake in shares of Domino’s Pizza by 11.1% in the fourth quarter. UniSuper Management Pty Ltd now owns 4,860 shares of the restaurant operator’s stock worth $2,040,000 after buying an additional 487 shares during the period. Finally, WINTON GROUP Ltd bought a new stake in Domino’s Pizza during the 4th quarter valued at $487,000. 94.63% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Reddy Sandeep sold 399 shares of the company’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $462.18, for a total transaction of $184,409.82. Following the completion of the sale, the executive vice president now owns 8,756 shares in the company, valued at approximately $4,046,848.08. This represents a 4.36 % 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, EVP Kelly E. Garcia sold 2,104 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $436.28, for a total value of $917,933.12. Following the completion of the transaction, the executive vice president now directly owns 5,699 shares in the company, valued at $2,486,359.72. The trade was a 26.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,996 shares of company stock valued at $3,946,461 in the last ninety days. 0.83% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

DPZ has been the topic of a number of recent analyst reports. Oppenheimer raised their price target on shares of Domino’s Pizza from $490.00 to $495.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Citigroup raised their target price on Domino’s Pizza from $440.00 to $520.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Stephens reiterated an “equal weight” rating and issued a $440.00 price objective on shares of Domino’s Pizza in a report on Wednesday. Royal Bank of Canada restated an “outperform” rating and set a $500.00 target price on shares of Domino’s Pizza in a report on Tuesday. Finally, TD Cowen reiterated a “buy” rating and set a $490.00 target price on shares of Domino’s Pizza in a report on Monday, February 24th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $503.41.

Domino’s Pizza Stock Performance

NASDAQ DPZ opened at $444.21 on Friday. Domino’s Pizza, Inc. has a one year low of $396.06 and a one year high of $542.75. The stock has a 50-day moving average of $461.64 and a 200 day moving average of $443.04. The company has a market capitalization of $15.24 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 2.47 and a beta of 1.15.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings results on Monday, February 24th. The restaurant operator reported $4.89 EPS for the quarter, missing analysts’ consensus estimates 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 negative return on equity of 14.35% and a net margin of 12.26%. The business’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.48 earnings per share. On average, equities 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 paid a dividend of $1.74 per share. 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 dividend on an annualized basis and a yield of 1.57%. Domino’s Pizza’s payout ratio is currently 41.70%.

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.