American Century Companies Inc. Reduces Position in Domino's Pizza, Inc. (NASDAQ:DPZ)

American Century Companies Inc. trimmed its holdings in shares of Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 74.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 859 shares of the restaurant operator's stock after selling 2,556 shares during the quarter. American Century Companies Inc.'s holdings in Domino's Pizza were worth $361,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Sherman Asset Management Inc. bought a new stake in Domino's Pizza during the 4th quarter valued at approximately $25,000. EverSource Wealth Advisors LLC grew its stake in shares of Domino's Pizza by 40.0% in 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 last quarter. Lee Danner & Bass Inc. bought a new position in Domino's Pizza during the fourth quarter worth $42,000. Private Trust Co. NA boosted its holdings in Domino's Pizza by 34.3% in the 4th quarter. Private Trust Co. NA now owns 145 shares of the restaurant operator's stock valued at $61,000 after purchasing an additional 37 shares during the period. Finally, Allworth Financial LP grew its position in Domino's Pizza by 37.6% in the 4th quarter. Allworth Financial LP now owns 150 shares of the restaurant operator's stock worth $66,000 after purchasing an additional 41 shares during the last quarter. Institutional investors own 94.63% of the company's stock.

Domino's Pizza Stock Performance

Shares of NASDAQ:DPZ traded down $7.31 during trading on Tuesday, reaching $468.56. 409,402 shares of the stock traded hands, compared to its average volume of 626,047. The stock has a market cap of $16.07 billion, a P/E ratio of 28.78, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15. The stock has a 50-day moving average of $462.33 and a two-hundred day moving average of $445.05. Domino's Pizza, Inc. has a 52-week low of $396.06 and a 52-week high of $542.75.

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Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its quarterly earnings data 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 business had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.47 billion. Domino's Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The company's quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the business earned $4.48 earnings per share. Sell-side analysts expect 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 announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a dividend of $1.74 per share. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from Domino's Pizza's previous quarterly dividend of $1.51. This represents a $6.96 annualized dividend and a yield of 1.49%. Domino's Pizza's payout ratio is 41.70%.

Insider Transactions at Domino's Pizza

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

Wall Street Analyst Weigh In

A number of brokerages have commented on DPZ. BMO Capital Markets raised their price objective on Domino's Pizza from $500.00 to $515.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 25th. Argus lowered shares of Domino's Pizza from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Robert W. Baird decreased their target price on shares of Domino's Pizza from $510.00 to $500.00 and set an "outperform" rating on the stock in a research report on Monday, April 7th. Wedbush reaffirmed an "outperform" rating and set a $500.00 price objective on shares of Domino's Pizza in a report on Tuesday, February 25th. Finally, Stephens restated an "equal weight" rating and set a $440.00 target price on shares of Domino's Pizza in a research report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $499.69.

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.