Bank of New York Mellon Corp Buys 8,753 Shares of Domino's Pizza, Inc. (NASDAQ:DPZ)

Bank of New York Mellon Corp raised its stake in Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 3.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 267,046 shares of the restaurant operator's stock after purchasing an additional 8,753 shares during the quarter. Bank of New York Mellon Corp owned 0.77% of Domino's Pizza worth $112,095,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of DPZ. True Wealth Design LLC boosted its stake in shares of Domino's Pizza by 2,033.3% in the 3rd quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator's stock worth $28,000 after buying an additional 61 shares during the last quarter. Rakuten Securities Inc. boosted its position in Domino's Pizza by 195.6% in the third quarter. Rakuten Securities Inc. now owns 133 shares of the restaurant operator's stock worth $57,000 after purchasing an additional 88 shares during the last quarter. Allworth Financial LP grew its stake in Domino's Pizza by 37.6% in the 4th quarter. Allworth Financial LP now owns 150 shares of the restaurant operator's stock valued at $66,000 after purchasing an additional 41 shares during the period. Blue Trust Inc. increased its position in shares of Domino's Pizza by 57.9% during the 4th quarter. Blue Trust Inc. now owns 199 shares of the restaurant operator's stock valued at $86,000 after purchasing an additional 73 shares during the last quarter. Finally, ORG Wealth Partners LLC increased its position in shares of Domino's Pizza by 21.3% during the 4th quarter. ORG Wealth Partners LLC now owns 262 shares of the restaurant operator's stock valued at $110,000 after purchasing an additional 46 shares during the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

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Domino's Pizza Stock Down 1.2 %

Shares of DPZ stock traded down $5.59 during trading on Wednesday, hitting $476.18. The company had a trading volume of 660,552 shares, compared to its average volume of 596,327. Domino's Pizza, Inc. has a 52 week low of $396.06 and a 52 week high of $542.75. The stock has a market capitalization of $16.33 billion, a price-to-earnings ratio of 29.25, a price-to-earnings-growth ratio of 2.47 and a beta of 1.06. The stock's 50-day moving average is $447.99 and its two-hundred day moving average is $437.05.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its quarterly earnings results on Monday, February 24th. The restaurant operator reported $4.89 EPS for the quarter, missing analysts' consensus estimates of $4.93 by ($0.04). The company had revenue of $1.44 billion during 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% on a year-over-year basis. During the same period in the previous year, the company earned $4.48 EPS. On average, research analysts predict that Domino's Pizza, Inc. will post 16.74 EPS for the current fiscal year.

Domino's Pizza Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $1.74 per share. This is an increase from Domino's Pizza's previous quarterly dividend of $1.51. The ex-dividend date is Friday, March 14th. This represents a $6.96 dividend on an annualized basis and a yield of 1.46%. Domino's Pizza's dividend payout ratio (DPR) is presently 41.70%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DPZ. Wedbush restated an "outperform" rating and set a $500.00 price target on shares of Domino's Pizza in a research report on Tuesday, February 25th. Royal Bank of Canada reiterated an "outperform" rating and issued a $500.00 target price on shares of Domino's Pizza in a research note on Thursday, February 20th. Barclays raised their price target on shares of Domino's Pizza from $402.00 to $420.00 and gave the stock an "underweight" rating in a research note on Tuesday, February 25th. Oppenheimer upped their price objective 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. Finally, Loop Capital reduced their price objective on Domino's Pizza from $559.00 to $555.00 and set a "buy" rating for the company in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $503.41.

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.