Kelly Garcia Sells 4,870 Shares of Domino’s Pizza (NASDAQ:DPZ) Stock

Domino’s Pizza Inc (NASDAQ:DPZ) EVP Kelly Garcia sold 4,870 shares of the business’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $434.06, for a total transaction of $2,113,872.20. Following the transaction, the executive vice president owned 6,744 shares in the company, valued at approximately $2,927,300.64. The trade was a 41.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Domino’s Pizza Price Performance

Shares of DPZ opened at $431.37 on Friday. The company has a market cap of $14.57 billion, a PE ratio of 25.21, a price-to-earnings-growth ratio of 2.32 and a beta of 1.14. The firm has a 50-day moving average of $415.12 and a 200-day moving average of $439.23. Domino’s Pizza Inc has a one year low of $392.89 and a one year high of $500.55.

Domino’s Pizza (NASDAQ:DPZ) last issued its earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.96 by $0.12. Domino’s Pizza had a net margin of 12.16% and a negative return on equity of 14.91%. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the prior year, the firm earned $4.19 EPS. Domino’s Pizza’s quarterly revenue was up 6.2% compared to the same quarter last year. Analysts expect that Domino’s Pizza Inc will post 16.74 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Monday, December 15th will be issued a dividend of $1.74 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $6.96 annualized dividend and a yield of 1.6%. Domino’s Pizza’s dividend payout ratio (DPR) is currently 40.68%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Bank of America increased their price objective on shares of Domino’s Pizza from $514.00 to $536.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Royal Bank Of Canada lowered their price target on shares of Domino’s Pizza from $500.00 to $450.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 15th. Wells Fargo & Company cut their price objective on shares of Domino’s Pizza from $490.00 to $450.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 8th. Jefferies Financial Group reduced their price objective on Domino’s Pizza from $490.00 to $455.00 and set a “hold” rating for the company in a report on Monday, October 13th. Finally, Guggenheim increased their target price on Domino’s Pizza from $485.00 to $490.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 27th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Domino’s Pizza presently has an average rating of “Moderate Buy” and a consensus price target of $490.40.

Institutional Trading of Domino’s Pizza

A number of institutional investors have recently bought and sold shares of the business. Swiss Life Asset Management Ltd raised its position in shares of Domino’s Pizza by 8.0% in the third quarter. Swiss Life Asset Management Ltd now owns 2,894 shares of the restaurant operator’s stock valued at $1,249,000 after buying an additional 214 shares in the last quarter. CIBC Bancorp USA Inc. bought a new position in Domino’s Pizza during the 3rd quarter worth $1,881,000. Achmea Investment Management B.V. raised its holdings in Domino’s Pizza by 10.6% in the 3rd quarter. Achmea Investment Management B.V. now owns 16,772 shares of the restaurant operator’s stock valued at $7,240,000 after acquiring an additional 1,604 shares in the last quarter. First Commonwealth Financial Corp PA bought a new stake in shares of Domino’s Pizza during the 3rd quarter valued at $924,000. Finally, Coldstream Capital Management Inc. lifted its position in shares of Domino’s Pizza by 2.7% during the 3rd quarter. Coldstream Capital Management Inc. now owns 5,050 shares of the restaurant operator’s stock valued at $2,180,000 after acquiring an additional 133 shares during the period. Institutional investors own 94.63% of the company’s stock.

About Domino’s Pizza

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.