25,105 Shares in Domino's Pizza, Inc. (NASDAQ:DPZ) Purchased by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. acquired a new stake in Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,105 shares of the restaurant operator's stock, valued at approximately $10,632,000. Resona Asset Management Co. Ltd. owned 0.07% of Domino's Pizza as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Janney Montgomery Scott LLC grew its position in shares of Domino's Pizza by 278.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 11,060 shares of the restaurant operator's stock valued at $4,643,000 after buying an additional 8,136 shares during the last quarter. Empowered Funds LLC boosted its holdings in Domino's Pizza by 44.6% in the fourth quarter. Empowered Funds LLC now owns 5,713 shares of the restaurant operator's stock valued at $2,398,000 after acquiring an additional 1,762 shares during the last quarter. Alta Capital Management LLC increased its position in Domino's Pizza by 20.5% during the 4th quarter. Alta Capital Management LLC now owns 7,144 shares of the restaurant operator's stock valued at $2,999,000 after purchasing an additional 1,214 shares during the period. Principal Financial Group Inc. raised its holdings in Domino's Pizza by 1.3% during the 4th quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator's stock worth $708,498,000 after purchasing an additional 21,705 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in Domino's Pizza during the 4th quarter worth approximately $282,000. 94.63% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Kevin Scott Morris sold 5,416 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $437.00, for a total transaction of $2,366,792.00. Following the completion of the transaction, the executive vice president now directly owns 793 shares of the company's stock, valued at $346,541. This represents a 87.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kelly E. Garcia sold 2,104 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $436.28, for a total transaction of $917,933.12. Following 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 disclosure for this sale can be found here. Insiders sold a total of 8,996 shares of company stock valued at $3,946,461 in the last ninety days. 0.83% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on DPZ. Barclays increased their price objective on shares of Domino's Pizza from $402.00 to $420.00 and gave the stock an "underweight" rating in a research report on Tuesday, February 25th. Argus lowered Domino's Pizza from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. TD Securities restated a "buy" rating and set a $490.00 target price on shares of Domino's Pizza in a research report on Monday, March 31st. Wedbush reiterated an "outperform" rating and issued a $500.00 target price on shares of Domino's Pizza in a report on Tuesday, February 25th. Finally, Oppenheimer boosted their price target on Domino's Pizza from $490.00 to $495.00 and gave the company an "outperform" rating in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Domino's Pizza presently has a consensus rating of "Moderate Buy" and an average price target of $501.56.

Domino's Pizza Price Performance

Shares of DPZ stock traded down $3.37 on Friday, hitting $449.68. The stock had a trading volume of 182,313 shares, compared to its average volume of 623,022. Domino's Pizza, Inc. has a 12-month low of $396.06 and a 12-month high of $542.75. The stock has a market cap of $15.42 billion, a price-to-earnings ratio of 27.72, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15. The business has a 50 day moving average of $462.03 and a 200 day moving average of $444.22.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last posted its earnings results on Monday, February 24th. The restaurant operator reported $4.89 EPS for the quarter, missing the consensus estimate of $4.93 by ($0.04). The firm 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%. Domino's Pizza's quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the business earned $4.48 EPS. As a group, 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date was Friday, March 14th. This is an increase from Domino's Pizza's previous quarterly dividend of $1.51. Domino's Pizza's dividend payout ratio is 41.70%.

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.