Epoch Investment Partners Inc. Increases Stake in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Epoch Investment Partners Inc. lifted its stake in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) by 4.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 335,444 shares of the restaurant operator’s stock after buying an additional 13,574 shares during the quarter. Epoch Investment Partners Inc. owned approximately 0.97% of Domino’s Pizza worth $140,806,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Infusive Asset Management Inc. raised its stake in Domino’s Pizza by 38.6% in the fourth quarter. Infusive Asset Management Inc. now owns 8,444 shares of the restaurant operator’s stock valued at $3,544,000 after buying an additional 2,350 shares in the last quarter. Cadence Bank increased its holdings in shares of Domino’s Pizza by 2.3% in the 4th quarter. Cadence Bank now owns 11,451 shares of the restaurant operator’s stock valued at $4,807,000 after acquiring an additional 252 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its position in shares of Domino’s Pizza by 5.4% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 43,297 shares of the restaurant operator’s stock worth $18,150,000 after acquiring an additional 2,200 shares in the last quarter. Champlain Investment Partners LLC lifted its stake in Domino’s Pizza by 27.4% during the fourth quarter. Champlain Investment Partners LLC now owns 294,175 shares of the restaurant operator’s stock worth $123,483,000 after purchasing an additional 63,200 shares during the last quarter. Finally, Farringdon Capital Ltd. acquired a new position in Domino’s Pizza in the fourth quarter valued at approximately $360,000. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Domino’s Pizza news, EVP Reddy Sandeep sold 399 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $462.18, for a total transaction of $184,409.82. Following the sale, the executive vice president now directly owns 8,756 shares of the company’s stock, valued at $4,046,848.08. This trade represents a 4.36 % 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 the business’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 transaction of $2,366,792.00. Following the completion of the transaction, the executive vice president now directly owns 793 shares of the company’s stock, valued at approximately $346,541. This represents a 87.23 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,996 shares of company stock valued at $3,946,461. Corporate insiders own 0.83% of the company’s stock.

Domino’s Pizza Stock Up 1.0 %

NASDAQ:DPZ opened at $466.74 on Friday. The company has a market capitalization of $16.01 billion, a PE ratio of 28.67, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15. Domino’s Pizza, Inc. has a 52-week low of $396.06 and a 52-week high of $542.75. The stock has a fifty day simple moving average of $461.93 and a 200-day simple moving average of $445.66.

Domino’s Pizza (NASDAQ:DPZ) last announced its earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $1.47 billion. During the same quarter in the previous year, the firm posted $4.48 EPS. The business’s revenue was up 2.9% on a year-over-year basis. As a group, equities 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 announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $1.74 per share. This represents a $6.96 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date was Friday, March 14th. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.51. Domino’s Pizza’s dividend payout ratio is 41.70%.

Analysts Set New Price Targets

DPZ has been the subject of several recent analyst reports. TD Cowen restated a “buy” rating and set a $490.00 price objective on shares of Domino’s Pizza in a research report on Monday, February 24th. TD Securities restated a “buy” rating and issued a $490.00 price objective on shares of Domino’s Pizza in a research note on Monday, March 31st. Oppenheimer raised their price objective on Domino’s Pizza from $490.00 to $495.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Citigroup reduced their target price on Domino’s Pizza from $500.00 to $480.00 and set a “neutral” rating for the company in a report on Thursday, April 10th. Finally, Barclays lifted their price target on Domino’s Pizza from $402.00 to $420.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $496.88.

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.