New York Life Investment Management LLC Lowers Stake in Domino’s Pizza, Inc. (NYSE:DPZ)

New York Life Investment Management LLC cut its stake in Domino’s Pizza, Inc. (NYSE:DPZ) by 46.3% during the fourth quarter, HoldingsChannel reports. The fund owned 4,950 shares of the restaurant operator’s stock after selling 4,269 shares during the quarter. New York Life Investment Management LLC’s holdings in Domino’s Pizza were worth $2,041,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. ICW Investment Advisors LLC raised its holdings in Domino’s Pizza by 7.1% in the fourth quarter. ICW Investment Advisors LLC now owns 858 shares of the restaurant operator’s stock worth $354,000 after purchasing an additional 57 shares in the last quarter. Kestra Private Wealth Services LLC boosted its stake in Domino’s Pizza by 21.8% in the fourth quarter. Kestra Private Wealth Services LLC now owns 2,084 shares of the restaurant operator’s stock valued at $859,000 after acquiring an additional 373 shares in the last quarter. Gilbert & Cook Inc. increased its position in shares of Domino’s Pizza by 7.3% during the fourth quarter. Gilbert & Cook Inc. now owns 1,488 shares of the restaurant operator’s stock worth $613,000 after purchasing an additional 101 shares in the last quarter. Fiduciary Group LLC purchased a new stake in shares of Domino’s Pizza during the 4th quarter valued at $590,000. Finally, Truist Financial Corp boosted its position in shares of Domino’s Pizza by 76.0% in the 4th quarter. Truist Financial Corp now owns 12,902 shares of the restaurant operator’s stock worth $5,319,000 after purchasing an additional 5,573 shares in the last quarter. 94.63% of the stock is owned by institutional investors.

Domino’s Pizza Stock Up 1.6 %

Shares of Domino’s Pizza stock opened at $522.38 on Tuesday. The firm has a market cap of $18.22 billion, a PE ratio of 34.10, a P/E/G ratio of 2.57 and a beta of 0.83. The business has a 50-day moving average price of $476.68 and a 200 day moving average price of $425.50. Domino’s Pizza, Inc. has a twelve month low of $285.84 and a twelve month high of $542.75.

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

Domino’s Pizza Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend is Friday, June 14th. Domino’s Pizza’s payout ratio is currently 39.43%.

Insiders Place Their Bets

In other news, EVP Cynthia A. Headen sold 768 shares of the firm’s stock in a transaction that occurred on 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 approximately $1,852,586.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Cynthia A. Headen sold 745 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $530.30, for a total transaction of $395,073.50. Following the completion of the transaction, the executive vice president now directly owns 3,910 shares in the company, valued at $2,073,473. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Cynthia A. Headen sold 768 shares of Domino’s Pizza stock in a transaction that occurred on 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 transaction, the executive vice president now owns 4,103 shares of the company’s stock, valued at approximately $1,852,586.56. The disclosure for this sale can be found here. Insiders have sold 13,401 shares of company stock valued at $6,995,948 over the last ninety days. Company insiders own 0.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on DPZ shares. Benchmark increased their price target on Domino’s Pizza from $510.00 to $575.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Evercore ISI boosted their target price on shares of Domino’s Pizza from $510.00 to $560.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. BTIG Research lifted their price objective on shares of Domino’s Pizza from $515.00 to $580.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. BMO Capital Markets upped their target price on Domino’s Pizza from $535.00 to $575.00 and gave the company an “outperform” rating in a research report on Tuesday, April 30th. Finally, Stifel Nicolaus lifted their price target 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. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Domino’s Pizza currently has an average rating of “Moderate Buy” and an average price target 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.