Domino’s Pizza, Inc. (NYSE:DPZ) Shares Purchased by Federated Hermes Inc.

Federated Hermes Inc. boosted its holdings in Domino’s Pizza, Inc. (NYSE:DPZ) by 138.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,596 shares of the restaurant operator’s stock after acquiring an additional 14,260 shares during the period. Federated Hermes Inc.’s holdings in Domino’s Pizza were worth $10,139,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in DPZ. Turtle Creek Wealth Advisors LLC acquired a new position in Domino’s Pizza in the fourth quarter valued at approximately $25,000. Creative Financial Designs Inc. ADV raised its position in Domino’s Pizza by 127.8% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 82 shares of the restaurant operator’s stock valued at $34,000 after purchasing an additional 46 shares during the period. Harvest Fund Management Co. Ltd purchased a new stake in Domino’s Pizza in the third quarter valued at approximately $39,000. Jones Financial Companies Lllp purchased a new stake in Domino’s Pizza in the third quarter valued at approximately $49,000. Finally, Larson Financial Group LLC purchased a new stake in Domino’s Pizza in the third quarter valued at approximately $53,000. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Domino’s Pizza

In other news, EVP Cynthia A. Headen sold 108 shares of the stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total transaction of $53,468.64. Following the completion of the sale, the executive vice president now owns 3,910 shares in the company, valued at $1,935,762.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Cynthia A. Headen sold 768 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $451.52, for a total transaction of $346,767.36. Following the completion of the sale, the executive vice president now owns 4,103 shares in the company, valued at $1,852,586.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Cynthia A. Headen sold 108 shares of the stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $495.08, for a total transaction of $53,468.64. Following the sale, the executive vice president now owns 3,910 shares of the company’s stock, valued at approximately $1,935,762.80. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have issued reports on DPZ shares. Sanford C. Bernstein raised Domino’s Pizza from an “underperform” rating to a “market perform” rating and boosted their target price for the company from $330.00 to $370.00 in a research report on Tuesday, January 9th. Piper Sandler upped their price objective on Domino’s Pizza from $400.00 to $435.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 27th. Stifel Nicolaus upped their price objective on Domino’s Pizza from $500.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Wedbush reaffirmed an “outperform” rating and set a $520.00 price objective on shares of Domino’s Pizza in a research report on Wednesday, April 10th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $430.00 price objective (up previously from $420.00) on shares of Domino’s Pizza in a research report on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, Domino’s Pizza currently has a consensus rating of “Moderate Buy” and a consensus target price of $460.90.

Domino’s Pizza Price Performance

NYSE DPZ opened at $481.05 on Wednesday. Domino’s Pizza, Inc. has a 1 year low of $285.84 and a 1 year high of $508.44. The company has a market capitalization of $16.75 billion, a PE ratio of 32.79, a P/E/G ratio of 2.47 and a beta of 0.86. The company has a fifty day moving average of $462.90 and a two-hundred day moving average of $416.51.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings data on Monday, February 26th. The restaurant operator reported $4.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.38 by $0.10. Domino’s Pizza had a net margin of 11.59% and a negative return on equity of 12.56%. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the prior year, the firm posted $4.43 earnings per share. Domino’s Pizza’s revenue for the quarter was up .8% on a year-over-year basis. On average, research analysts expect that Domino’s Pizza, Inc. will post 15.72 earnings per share for the current year.

Domino’s Pizza Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a $1.51 dividend. This represents a $6.04 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.21. Domino’s Pizza’s dividend payout ratio is currently 41.17%.

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.