MML Investors Services LLC trimmed its stake in Domino’s Pizza, Inc. (NYSE:DPZ – Get Rating) by 13.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,997 shares of the restaurant operator’s stock after selling 316 shares during the period. MML Investors Services LLC’s holdings in Domino’s Pizza were worth $620,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of DPZ. Marks Group Wealth Management Inc raised its position in shares of Domino’s Pizza by 8.8% during the 2nd quarter. Marks Group Wealth Management Inc now owns 582 shares of the restaurant operator’s stock valued at $227,000 after buying an additional 47 shares in the last quarter. National Bank of Canada FI increased its position in shares of Domino’s Pizza by 43.8% during the 3rd quarter. National Bank of Canada FI now owns 35,203 shares of the restaurant operator’s stock valued at $10,934,000 after purchasing an additional 10,716 shares during the last quarter. Fundamentun LLC raised its holdings in shares of Domino’s Pizza by 6.6% during the 2nd quarter. Fundamentun LLC now owns 916 shares of the restaurant operator’s stock valued at $357,000 after buying an additional 57 shares in the last quarter. Advisory Research Inc. lifted its position in Domino’s Pizza by 184.7% in the 2nd quarter. Advisory Research Inc. now owns 3,200 shares of the restaurant operator’s stock worth $1,247,000 after buying an additional 2,076 shares during the last quarter. Finally, Credit Agricole S A boosted its stake in Domino’s Pizza by 31.3% in the third quarter. Credit Agricole S A now owns 1,144 shares of the restaurant operator’s stock worth $355,000 after buying an additional 273 shares in the last quarter. 90.32% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Domino’s Pizza
In related news, Director Patricia E. Lopez sold 244 shares of the firm’s stock in a transaction that occurred on Friday, December 23rd. The shares were sold at an average price of $351.93, for a total transaction of $85,870.92. Following the completion of the sale, the director now owns 1,519 shares of the company’s stock, valued at $534,581.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.12% of the company’s stock.
Analysts Set New Price Targets
Domino’s Pizza Stock Up 3.8 %
Domino’s Pizza stock opened at $316.32 on Tuesday. Domino’s Pizza, Inc. has a twelve month low of $291.00 and a twelve month high of $426.44. The company has a market capitalization of $11.20 billion, a P/E ratio of 25.22, a PEG ratio of 1.91 and a beta of 0.76. The stock’s 50 day moving average is $341.76 and its 200 day moving average is $348.85.
Domino’s Pizza (NYSE:DPZ – Get Rating) last issued its quarterly earnings results on Thursday, February 23rd. The restaurant operator reported $4.43 earnings per share for the quarter, beating the consensus estimate of $3.92 by $0.51. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.44 billion. Domino’s Pizza had a negative return on equity of 10.71% and a net margin of 9.97%. The company’s revenue was up 3.6% on a year-over-year basis. During the same period last year, the company earned $4.25 earnings per share. As a group, equities analysts expect that Domino’s Pizza, Inc. will post 13.01 EPS for the current year.
Domino’s Pizza Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 30th. Shareholders of record on Wednesday, March 15th will be issued a $1.21 dividend. The ex-dividend date of this dividend is Tuesday, March 14th. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.10. This represents a $4.84 annualized dividend and a yield of 1.53%. Domino’s Pizza’s payout ratio is 35.09%.
Domino’s Pizza Company Profile
Domino’s Pizza, Inc engages in the management of a network of company-owned and franchise-owned pizza stores. It operates through the following segments: U.S. Stores, International Franchise, and Supply Chain. The U.S. Stores segment consists primarily of franchise operations. The International Franchise segment comprises a network of franchised stores.
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