Domino's Pizza, Inc. (NASDAQ:DPZ) Shares Bought by Bank of Montreal Can

Bank of Montreal Can grew its stake in shares of Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 6.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 63,012 shares of the restaurant operator's stock after purchasing an additional 3,898 shares during the quarter. Bank of Montreal Can owned approximately 0.18% of Domino's Pizza worth $26,450,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. raised its position in Domino's Pizza by 1.4% in the 3rd quarter. Principal Financial Group Inc. now owns 1,666,158 shares of the restaurant operator's stock valued at $716,681,000 after purchasing an additional 23,681 shares during the last quarter. National Bank of Canada FI raised its holdings in shares of Domino's Pizza by 40.5% in the third quarter. National Bank of Canada FI now owns 19,409 shares of the restaurant operator's stock valued at $8,349,000 after buying an additional 5,599 shares during the last quarter. MML Investors Services LLC boosted its stake in shares of Domino's Pizza by 3.5% during the third quarter. MML Investors Services LLC now owns 4,014 shares of the restaurant operator's stock worth $1,727,000 after buying an additional 137 shares during the period. Nomura Asset Management Co. Ltd. grew its holdings in shares of Domino's Pizza by 5.9% during the third quarter. Nomura Asset Management Co. Ltd. now owns 16,089 shares of the restaurant operator's stock worth $6,921,000 after buying an additional 901 shares during the last quarter. Finally, Toronto Dominion Bank increased its position in Domino's Pizza by 16.6% in the 3rd quarter. Toronto Dominion Bank now owns 15,178 shares of the restaurant operator's stock valued at $6,529,000 after acquiring an additional 2,161 shares during the period. Institutional investors and hedge funds own 94.63% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Citigroup cut their price objective on Domino's Pizza from $500.00 to $480.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Royal Bank of Canada reissued an "outperform" rating and set a $500.00 price objective on shares of Domino's Pizza in a report on Tuesday, April 1st. Morgan Stanley dropped their target price on shares of Domino's Pizza from $510.00 to $496.00 and set an "overweight" rating for the company in a report on Tuesday, January 21st. BMO Capital Markets lifted their price target on shares of Domino's Pizza from $500.00 to $515.00 and gave the company an "outperform" rating in a research report on Tuesday, February 25th. Finally, Oppenheimer upped their price target on Domino's Pizza from $490.00 to $495.00 and gave the stock an "outperform" rating in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $499.69.

Insiders Place Their Bets

In other news, EVP Kevin Scott Morris sold 5,416 shares of the stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $437.00, for a total value of $2,366,792.00. Following the completion of the sale, the executive vice president now owns 793 shares in the company, valued at approximately $346,541. This trade represents a 87.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Reddy Sandeep sold 1,077 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $443.20, for a total value of $477,326.40. Following the transaction, the chief financial officer now directly owns 8,081 shares in the company, valued at $3,581,499.20. This trade represents a 11.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,996 shares of company stock worth $3,946,461 over the last ninety days. 0.83% of the stock is owned by company insiders.

Domino's Pizza Stock Performance

Shares of DPZ traded down $0.97 during trading hours on Wednesday, hitting $467.59. The stock had a trading volume of 66,490 shares, compared to its average volume of 623,869. Domino's Pizza, Inc. has a 12-month low of $396.06 and a 12-month high of $542.75. The firm has a market cap of $16.04 billion, a P/E ratio of 28.72, a P/E/G ratio of 2.47 and a beta of 1.15. The company's fifty day simple moving average is $462.33 and its 200 day simple moving average is $445.05.

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 analysts' consensus estimates of $4.93 by ($0.04). Domino's Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The firm had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.47 billion. During the same quarter last year, the business earned $4.48 earnings per share. The business's revenue for the quarter was up 2.9% compared to the same quarter last year. As a group, sell-side analysts predict 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 declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $1.74 per share. This represents a $6.96 dividend on an annualized basis and a yield of 1.49%. This is a boost from Domino's Pizza's previous quarterly dividend of $1.51. The ex-dividend date was Friday, March 14th. Domino's Pizza's payout ratio is 41.70%.

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.