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

Truist Financial Corp lifted its stake in Domino’s Pizza, Inc. (NYSE:DPZ) by 76.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 12,902 shares of the restaurant operator’s stock after purchasing an additional 5,573 shares during the period. Truist Financial Corp’s holdings in Domino’s Pizza were worth $5,319,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Domino’s Pizza in the 4th quarter worth $25,000. Creative Financial Designs Inc. ADV boosted its holdings in Domino’s Pizza by 127.8% in the 4th 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 last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Domino’s Pizza in the 3rd quarter valued at approximately $39,000. Jones Financial Companies Lllp acquired a new stake in shares of Domino’s Pizza during the 3rd quarter worth approximately $49,000. Finally, Larson Financial Group LLC purchased a new stake in shares of Domino’s Pizza during the 3rd quarter valued at approximately $53,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Stock Performance

DPZ opened at $514.33 on Monday. Domino’s Pizza, Inc. has a one year low of $285.84 and a one year high of $542.75. The company has a market cap of $17.94 billion, a P/E ratio of 33.57, a PEG ratio of 2.57 and a beta of 0.83. The business’s 50-day simple moving average is $476.68 and its 200-day simple moving average is $424.94.

Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings results on Monday, April 29th. The restaurant operator reported $3.58 EPS for the quarter, beating the consensus estimate of $3.46 by $0.12. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.08 billion. Domino’s Pizza had a net margin of 11.90% and a negative return on equity of 13.19%. The firm’s revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.93 earnings per share. As a group, analysts predict that Domino’s Pizza, Inc. will post 16 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a $1.51 dividend. This represents a $6.04 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend is Friday, June 14th. Domino’s Pizza’s payout ratio is 39.43%.

Insider Buying and Selling at Domino’s Pizza

In other Domino’s Pizza news, CEO Russell J. Weiner sold 11,780 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $526.37, for a total value of $6,200,638.60. Following the sale, the chief executive officer now owns 32,001 shares of the company’s stock, valued at $16,844,366.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Domino’s Pizza news, EVP Cynthia A. Headen sold 745 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $530.30, for a total value of $395,073.50. Following the transaction, the executive vice president now directly owns 3,910 shares in the company, valued at approximately $2,073,473. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Russell J. Weiner sold 11,780 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $526.37, for a total transaction of $6,200,638.60. Following the sale, the chief executive officer now owns 32,001 shares in the company, valued at approximately $16,844,366.37. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,401 shares of company stock valued at $6,995,948. 0.76% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DPZ. Wells Fargo & Company increased their price objective on Domino’s Pizza from $475.00 to $525.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 30th. UBS Group raised their price objective on Domino’s Pizza from $526.00 to $570.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Barclays upped their target price on shares of Domino’s Pizza from $405.00 to $470.00 and gave the company an “underweight” rating in a research report on Tuesday, April 30th. Gordon Haskett upgraded shares of 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. Finally, Oppenheimer increased their price objective on shares of Domino’s Pizza from $530.00 to $580.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat, Domino’s Pizza has a consensus rating of “Moderate Buy” and a consensus target price of $516.19.

Domino’s Pizza 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.