Tokio Marine Asset Management Co. Ltd. Grows Stock Holdings in Domino’s Pizza, Inc. (NYSE:DPZ)

Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 2.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 934 shares of the restaurant operator’s stock after purchasing an additional 26 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Domino’s Pizza were worth $385,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Principal Financial Group Inc. lifted its holdings in shares of Domino’s Pizza by 4.2% during the third quarter. Principal Financial Group Inc. now owns 1,704,241 shares of the restaurant operator’s stock valued at $645,549,000 after purchasing an additional 68,317 shares during the last quarter. FMR LLC lifted its holdings in shares of Domino’s Pizza by 16.0% during the third quarter. FMR LLC now owns 1,428,765 shares of the restaurant operator’s stock valued at $541,202,000 after purchasing an additional 197,413 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Domino’s Pizza by 39,287.9% during the fourth quarter. International Assets Investment Management LLC now owns 499,438 shares of the restaurant operator’s stock valued at $205,883,000 after purchasing an additional 498,170 shares during the last quarter. Northern Trust Corp raised its holdings in Domino’s Pizza by 9.4% in the 3rd quarter. Northern Trust Corp now owns 381,443 shares of the restaurant operator’s stock worth $144,487,000 after acquiring an additional 32,820 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC raised its holdings in Domino’s Pizza by 4.9% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 300,782 shares of the restaurant operator’s stock worth $113,933,000 after acquiring an additional 14,013 shares during the last quarter. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Barclays boosted their price objective on shares of Domino’s Pizza from $346.00 to $405.00 and gave the stock an “underweight” rating in a report on Tuesday, February 27th. Morgan Stanley boosted their price objective on shares of Domino’s Pizza from $485.00 to $515.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Piper Sandler boosted their price objective on shares of Domino’s Pizza from $400.00 to $435.00 and gave the stock a “neutral” rating in a report on Tuesday, February 27th. BMO Capital Markets boosted their price objective on shares of Domino’s Pizza from $475.00 to $535.00 and gave the stock an “outperform” rating in a report on Tuesday, February 27th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $430.00 price objective (up from $420.00) on shares of Domino’s Pizza in a report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, Domino’s Pizza currently has an average rating of “Moderate Buy” and an average price target of $469.67.

Insider Buying and Selling

In related news, EVP Cynthia A. Headen sold 768 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $451.52, for a total value of $346,767.36. Following the completion of the transaction, the executive vice president now owns 4,103 shares of the company’s stock, valued at approximately $1,852,586.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Cynthia A. Headen sold 108 shares of the company’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total value of $53,468.64. Following the completion of the transaction, the executive vice president now owns 3,910 shares of the company’s stock, valued at approximately $1,935,762.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Cynthia A. Headen sold 768 shares of the business’s stock in a transaction 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 completion of the sale, the executive vice president now owns 4,103 shares in the company, valued at approximately $1,852,586.56. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by insiders.

Domino’s Pizza Price Performance

Shares of DPZ stock opened at $499.07 on Monday. Domino’s Pizza, Inc. has a 1 year low of $285.84 and a 1 year high of $508.44. The firm has a fifty day moving average price of $467.11 and a 200-day moving average price of $419.48. The company has a market cap of $17.38 billion, a price-to-earnings ratio of 34.02, a PEG ratio of 2.61 and a beta of 0.86.

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

Domino’s Pizza Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a $1.51 dividend. The ex-dividend date was Thursday, March 14th. This represents a $6.04 annualized dividend and a yield of 1.21%. 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.