Domino’s Pizza, Inc. (NYSE:DPZ) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp lowered its holdings in Domino’s Pizza, Inc. (NYSE:DPZ) by 46.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 3,384 shares of the restaurant operator’s stock after selling 2,922 shares during the quarter. Mackenzie Financial Corp’s holdings in Domino’s Pizza were worth $1,395,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Capital Investment Advisors LLC lifted its holdings in Domino’s Pizza by 1.1% in the fourth quarter. Capital Investment Advisors LLC now owns 2,225 shares of the restaurant operator’s stock valued at $917,000 after acquiring an additional 25 shares during the period. Wealthsource Partners LLC lifted its holdings in Domino’s Pizza by 2.0% in the fourth quarter. Wealthsource Partners LLC now owns 1,284 shares of the restaurant operator’s stock valued at $529,000 after acquiring an additional 25 shares during the period. Castleview Partners LLC increased its position in shares of Domino’s Pizza by 3.0% in the third quarter. Castleview Partners LLC now owns 1,083 shares of the restaurant operator’s stock valued at $410,000 after buying an additional 32 shares in the last quarter. Freedom Day Solutions LLC increased its position in shares of Domino’s Pizza by 0.6% in the fourth quarter. Freedom Day Solutions LLC now owns 5,177 shares of the restaurant operator’s stock valued at $2,134,000 after buying an additional 32 shares in the last quarter. Finally, Insight Advisors LLC PA increased its position in shares of Domino’s Pizza by 4.5% in the fourth quarter. Insight Advisors LLC PA now owns 810 shares of the restaurant operator’s stock valued at $334,000 after buying an additional 35 shares in the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Insider Activity at Domino’s Pizza

In related news, EVP Cynthia A. Headen sold 108 shares of the company’s stock in a transaction that occurred on 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 directly owns 3,910 shares of the company’s stock, valued at approximately $1,935,762.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, EVP Cynthia A. Headen sold 768 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $451.52, for a total transaction of $346,767.36. Following the sale, the executive vice president now directly owns 4,103 shares of the company’s stock, valued at approximately $1,852,586.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Cynthia A. Headen sold 108 shares of the stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $495.08, for a total value of $53,468.64. Following the completion of the sale, the executive vice president now directly owns 3,910 shares in the company, valued at $1,935,762.80. The disclosure for this sale can be found here. Corporate insiders own 0.81% of the company’s stock.

Domino’s Pizza Stock Up 1.4 %

NYSE DPZ opened at $487.71 on Thursday. The stock has a market cap of $16.99 billion, a PE ratio of 33.25, a P/E/G ratio of 2.46 and a beta of 0.86. Domino’s Pizza, Inc. has a fifty-two week low of $285.84 and a fifty-two week high of $508.44. The business has a 50 day moving average price of $464.16 and a two-hundred day moving average price of $417.01.

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

Domino’s Pizza Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $1.51 per share. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.21. This represents a $6.04 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend was Thursday, March 14th. Domino’s Pizza’s dividend payout ratio is currently 41.17%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Argus upgraded Domino’s Pizza from a “hold” rating to a “buy” rating and set a $530.00 price target for the company in a research report on Tuesday, February 27th. Gordon Haskett upgraded Domino’s Pizza from a “hold” rating to a “buy” rating and set a $467.00 price target for the company in a research report on Tuesday, January 16th. Citigroup raised their price target on Domino’s Pizza from $458.00 to $505.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Jefferies Financial Group raised their price target on Domino’s Pizza from $455.00 to $480.00 and gave the company a “hold” rating in a research report on Tuesday, April 16th. Finally, TD Cowen reiterated a “buy” rating and set a $550.00 price objective on shares of Domino’s Pizza in a research report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, Domino’s Pizza currently has an average rating of “Moderate Buy” and a consensus target price of $460.90.

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.