Assenagon Asset Management S.A. Lowers Stock Position in Domino’s Pizza Inc $DPZ

Assenagon Asset Management S.A. lessened its stake in Domino’s Pizza Inc (NASDAQ:DPZ) by 17.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,769 shares of the restaurant operator’s stock after selling 4,046 shares during the period. Assenagon Asset Management S.A. owned approximately 0.06% of Domino’s Pizza worth $7,823,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Berkshire Hathaway Inc increased its stake in Domino’s Pizza by 13.2% in the third quarter. Berkshire Hathaway Inc now owns 2,981,945 shares of the restaurant operator’s stock valued at $1,287,335,000 after acquiring an additional 348,077 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Domino’s Pizza by 1.8% during the third quarter. Principal Financial Group Inc. now owns 1,762,568 shares of the restaurant operator’s stock worth $760,939,000 after purchasing an additional 30,647 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Domino’s Pizza by 9.3% in the 3rd quarter. Invesco Ltd. now owns 919,830 shares of the restaurant operator’s stock worth $397,100,000 after purchasing an additional 78,594 shares in the last quarter. Marshfield Associates increased its position in shares of Domino’s Pizza by 4.0% during the 3rd quarter. Marshfield Associates now owns 744,515 shares of the restaurant operator’s stock valued at $321,415,000 after purchasing an additional 28,765 shares during the last quarter. Finally, Bank of America Corp DE increased its position in shares of Domino’s Pizza by 9.0% during the 2nd quarter. Bank of America Corp DE now owns 560,058 shares of the restaurant operator’s stock valued at $252,362,000 after purchasing an additional 46,098 shares during the last quarter. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Stock Performance

NASDAQ:DPZ opened at $348.14 on Friday. Domino’s Pizza Inc has a fifty-two week low of $346.39 and a fifty-two week high of $499.08. The firm has a market cap of $11.71 billion, a PE ratio of 19.81, a price-to-earnings-growth ratio of 1.50 and a beta of 1.16. The business has a 50 day moving average price of $392.89 and a 200-day moving average price of $410.05.

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

Domino’s Pizza Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, March 13th will be issued a dividend of $1.99 per share. The ex-dividend date is Friday, March 13th. This represents a $7.96 dividend on an annualized basis and a yield of 2.3%. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.74. Domino’s Pizza’s dividend payout ratio (DPR) is presently 45.30%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Benchmark reissued a “buy” rating on shares of Domino’s Pizza in a report on Monday, February 23rd. Royal Bank Of Canada reiterated a “sector perform” rating and set a $425.00 price target on shares of Domino’s Pizza in a research report on Tuesday, February 24th. Barclays decreased their price target on shares of Domino’s Pizza from $405.00 to $370.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 7th. Wells Fargo & Company lowered their price objective on shares of Domino’s Pizza from $450.00 to $430.00 and set an “equal weight” rating for the company in a report on Thursday, January 22nd. Finally, TD Cowen reaffirmed a “hold” rating and issued a $460.00 price objective on shares of Domino’s Pizza in a research note on Monday, February 23rd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $475.71.

Domino’s Pizza Company Profile

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.