Domino’s Pizza Inc $DPZ Shares Sold by Aster Capital Management DIFC Ltd

Aster Capital Management DIFC Ltd cut its holdings in Domino’s Pizza Inc (NASDAQ:DPZ) by 77.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 884 shares of the restaurant operator’s stock after selling 3,031 shares during the period. Aster Capital Management DIFC Ltd’s holdings in Domino’s Pizza were worth $382,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. lifted its holdings in Domino’s Pizza by 1.8% in the third quarter. Principal Financial Group Inc. now owns 1,762,568 shares of the restaurant operator’s stock worth $760,939,000 after acquiring an additional 30,647 shares during the last quarter. Mediolanum International Funds Ltd raised its position in shares of Domino’s Pizza by 209.6% during the 3rd quarter. Mediolanum International Funds Ltd now owns 4,155 shares of the restaurant operator’s stock worth $1,805,000 after purchasing an additional 2,813 shares during the period. Machina Capital S.A.S. bought a new stake in shares of Domino’s Pizza in the 3rd quarter worth approximately $1,557,000. Berkshire Hathaway Inc lifted its holdings in shares of Domino’s Pizza by 0.5% in the 2nd quarter. Berkshire Hathaway Inc now owns 2,633,868 shares of the restaurant operator’s stock worth $1,186,821,000 after purchasing an additional 13,255 shares during the last quarter. Finally, Railway Pension Investments Ltd boosted its position in Domino’s Pizza by 304.2% during the 3rd quarter. Railway Pension Investments Ltd now owns 9,700 shares of the restaurant operator’s stock valued at $4,188,000 after purchasing an additional 7,300 shares during the period. Institutional investors own 94.63% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Benchmark reaffirmed a “buy” rating on shares of Domino’s Pizza in a research report on Monday. Barclays dropped their price objective on shares of Domino’s Pizza from $405.00 to $370.00 and set an “underweight” rating on the stock in a report on Wednesday, January 7th. BMO Capital Markets reissued an “outperform” rating on shares of Domino’s Pizza in a research note on Tuesday. JPMorgan Chase & Co. upgraded shares of Domino’s Pizza from a “neutral” rating to an “overweight” rating and dropped their price target for the company from $460.00 to $450.00 in a research note on Tuesday. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $425.00 price target on shares of Domino’s Pizza in a report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $475.71.

Insider Activity

In other news, EVP Kelly E. 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 value of $2,113,872.20. Following the sale, the executive vice president owned 6,744 shares of the company’s stock, valued at approximately $2,927,300.64. The trade was a 41.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.83% of the company’s stock.

Domino’s Pizza Trading Up 0.8%

Domino’s Pizza stock opened at $402.51 on Friday. Domino’s Pizza Inc has a 52 week low of $370.70 and a 52 week high of $500.55. The stock has a market cap of $13.54 billion, a price-to-earnings ratio of 22.91, a PEG ratio of 1.73 and a beta of 1.15. The company’s 50-day moving average price is $404.37 and its two-hundred day moving average price is $419.71.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings results on Monday, February 23rd. The restaurant operator reported $5.35 earnings per share for the quarter, missing analysts’ consensus estimates of $5.38 by ($0.03). Domino’s Pizza had a negative return on equity of 15.28% and a net margin of 12.18%.The company had revenue of $1.54 billion during the quarter. During the same period in the prior year, the company posted $4.89 earnings per share. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. Research analysts expect that Domino’s Pizza Inc will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, March 13th will be paid a dividend of $1.99 per share. This represents a $7.96 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, March 13th. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.74. Domino’s Pizza’s dividend payout ratio is 39.61%.

About Domino’s Pizza

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.