CIBC Asset Management Inc Sells 197 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

CIBC Asset Management Inc decreased its stake in shares of Domino’s Pizza, Inc. (NYSE:DPZFree Report) by 3.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,830 shares of the restaurant operator’s stock after selling 197 shares during the quarter. CIBC Asset Management Inc’s holdings in Domino’s Pizza were worth $1,991,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. NEOS Investment Management LLC bought a new stake in Domino’s Pizza during the 4th quarter valued at about $204,000. California State Teachers Retirement System lifted its holdings in Domino’s Pizza by 1.1% during the 4th quarter. California State Teachers Retirement System now owns 57,023 shares of the restaurant operator’s stock valued at $23,507,000 after buying an additional 619 shares in the last quarter. Rathbones Group PLC lifted its holdings in Domino’s Pizza by 6.0% during the 4th quarter. Rathbones Group PLC now owns 1,060 shares of the restaurant operator’s stock valued at $437,000 after buying an additional 60 shares in the last quarter. Clear Rock Advisors LLC bought a new stake in Domino’s Pizza during the 4th quarter valued at about $266,000. Finally, Bank of Nova Scotia increased its position in Domino’s Pizza by 89.0% during the 4th quarter. Bank of Nova Scotia now owns 25,255 shares of the restaurant operator’s stock valued at $10,410,000 after purchasing an additional 11,896 shares during the period. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Trading Down 0.0 %

Shares of NYSE DPZ opened at $513.55 on Friday. Domino’s Pizza, Inc. has a 12 month low of $294.65 and a 12 month high of $542.75. The company has a 50 day simple moving average of $504.81 and a two-hundred day simple moving average of $450.22. The stock has a market cap of $17.91 billion, a price-to-earnings ratio of 33.52, a PEG ratio of 2.55 and a beta of 0.85.

Domino’s Pizza (NYSE:DPZGet Free Report) last announced its quarterly earnings data on Monday, April 29th. The restaurant operator reported $3.58 EPS for the quarter, beating the consensus estimate of $3.46 by $0.12. Domino’s Pizza had a net margin of 11.90% and a negative return on equity of 13.19%. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the previous year, the business posted $2.93 EPS. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. Analysts forecast that Domino’s Pizza, Inc. will post 16 EPS for the current 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 paid a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a yield of 1.18%. The ex-dividend date 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, EVP Cynthia A. Headen sold 108 shares of Domino’s Pizza stock in a transaction that occurred on 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 directly owns 3,910 shares in the company, valued at approximately $1,935,762.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, EVP Cynthia A. Headen sold 768 shares of the business’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 directly owns 4,103 shares in the company, valued at approximately $1,852,586.56. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Cynthia A. Headen sold 108 shares of the business’s stock in a transaction on 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 transaction, the executive vice president now owns 3,910 shares of the company’s stock, valued at $1,935,762.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,401 shares of company stock worth $6,995,948. Company insiders own 0.76% of the company’s stock.

Wall Street Analyst Weigh In

DPZ has been the topic of a number of research reports. TD Securities reissued a “buy” rating and set a $580.00 target price on shares of Domino’s Pizza in a research report on Thursday, May 16th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Domino’s Pizza from $555.00 to $580.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Royal Bank of Canada raised their target price on shares of Domino’s Pizza from $525.00 to $575.00 and gave the company an “outperform” rating in a research report on Tuesday, April 30th. Citigroup raised their target price on shares of Domino’s Pizza from $505.00 to $530.00 and gave the company a “neutral” rating in a research report on Tuesday, April 30th. Finally, Stifel Nicolaus raised their target price on shares of Domino’s Pizza from $500.00 to $550.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $518.46.

Read Our Latest Report on Domino’s Pizza

Domino’s Pizza Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Domino's Pizza (NYSE:DPZ)

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