Domino’s Pizza, Inc. (NASDAQ:DPZ) Shares Sold by Cerity Partners LLC

Cerity Partners LLC trimmed its stake in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 20.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,368 shares of the restaurant operator’s stock after selling 359 shares during the quarter. Cerity Partners LLC’s holdings in Domino’s Pizza were worth $583,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. KG&L Capital Management LLC boosted its stake in Domino’s Pizza by 1.4% during the 4th quarter. KG&L Capital Management LLC now owns 1,725 shares of the restaurant operator’s stock valued at $724,000 after purchasing an additional 23 shares in the last quarter. Oppenheimer & Co. Inc. lifted its holdings in shares of Domino’s Pizza by 2.0% in the fourth quarter. Oppenheimer & Co. Inc. now owns 1,157 shares of the restaurant operator’s stock valued at $486,000 after buying an additional 23 shares during the period. Greenleaf Trust boosted its stake in Domino’s Pizza by 3.1% during the fourth quarter. Greenleaf Trust now owns 854 shares of the restaurant operator’s stock valued at $358,000 after buying an additional 26 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Domino’s Pizza by 40.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock worth $38,000 after acquiring an additional 26 shares during the period. Finally, Larson Financial Group LLC raised its position in Domino’s Pizza by 2.8% in the fourth quarter. Larson Financial Group LLC now owns 1,017 shares of the restaurant operator’s stock worth $427,000 after acquiring an additional 28 shares in the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Domino’s Pizza Stock Performance

Domino’s Pizza stock opened at $466.74 on Monday. Domino’s Pizza, Inc. has a 52 week low of $396.06 and a 52 week high of $542.75. The firm has a market cap of $16.01 billion, a P/E ratio of 28.67, a P/E/G ratio of 2.47 and a beta of 1.15. The business’s fifty day moving average is $461.93 and its two-hundred day moving average is $445.99.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings data on Monday, February 24th. The restaurant operator reported $4.89 EPS for the quarter, missing analysts’ consensus estimates of $4.93 by ($0.04). The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.47 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The firm’s revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the company earned $4.48 EPS. On average, equities research analysts predict that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current year.

Domino’s Pizza Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a $1.74 dividend. This represents a $6.96 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.51. Domino’s Pizza’s payout ratio is 41.70%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Stephens reissued an “equal weight” rating and set a $440.00 price objective on shares of Domino’s Pizza in a research note on Wednesday, April 2nd. Wedbush reissued an “outperform” rating and issued a $500.00 price target on shares of Domino’s Pizza in a research note on Tuesday, February 25th. TD Securities reaffirmed a “buy” rating and set a $490.00 price objective on shares of Domino’s Pizza in a research note on Monday, March 31st. Morgan Stanley dropped their target price on shares of Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. Finally, BMO Capital Markets upped their price target on shares of Domino’s Pizza from $500.00 to $515.00 and gave the company an “outperform” rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $496.88.

Insiders Place Their Bets

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 2,104 shares of Domino’s Pizza stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total transaction of $917,933.12. Following the completion of the sale, the executive vice president now owns 5,699 shares of the company’s stock, valued at approximately $2,486,359.72. The trade was a 26.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Reddy Sandeep sold 1,077 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $443.20, for a total value of $477,326.40. Following the completion of the transaction, the chief financial officer now directly owns 8,081 shares in the company, valued at approximately $3,581,499.20. This trade represents a 11.76 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,996 shares of company stock valued at $3,946,461. 0.83% of the stock is currently owned by corporate insiders.

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.