Cerity Partners LLC Has $743,000 Stock Holdings in Domino's Pizza, Inc. (NYSE:DPZ)

Cerity Partners LLC lowered its holdings in shares of Domino's Pizza, Inc. (NYSE:DPZ - Free Report) by 43.7% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 1,727 shares of the restaurant operator's stock after selling 1,342 shares during the period. Cerity Partners LLC's holdings in Domino's Pizza were worth $743,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Central Pacific Bank Trust Division acquired a new stake in shares of Domino's Pizza during the 3rd quarter worth about $30,000. Blue Trust Inc. lifted its position in Domino's Pizza by 162.5% during the second quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator's stock worth $31,000 after acquiring an additional 39 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Domino's Pizza during the third quarter worth approximately $43,000. Crewe Advisors LLC boosted its holdings in shares of Domino's Pizza by 46.6% during the second quarter. Crewe Advisors LLC now owns 107 shares of the restaurant operator's stock worth $55,000 after acquiring an additional 34 shares during the period. Finally, Rakuten Securities Inc. grew its position in shares of Domino's Pizza by 195.6% in the third quarter. Rakuten Securities Inc. now owns 133 shares of the restaurant operator's stock valued at $57,000 after purchasing an additional 88 shares during the last quarter. Institutional investors own 94.63% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on DPZ. Barclays dropped their price target on Domino's Pizza from $380.00 to $370.00 and set an "underweight" rating for the company in a report on Friday, October 11th. Royal Bank of Canada dropped their target price on Domino's Pizza from $500.00 to $490.00 and set an "outperform" rating for the company in a report on Friday, October 11th. Benchmark restated a "buy" rating and issued a $520.00 price target on shares of Domino's Pizza in a research note on Friday, October 11th. Guggenheim lowered their price target on shares of Domino's Pizza from $485.00 to $460.00 and set a "neutral" rating on the stock in a research report on Thursday, September 26th. Finally, Morgan Stanley cut their price objective on shares of Domino's Pizza from $520.00 to $510.00 and set an "overweight" rating for the company in a report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Domino's Pizza currently has an average rating of "Moderate Buy" and an average target price of $495.76.

Domino's Pizza Trading Down 1.3 %

NYSE:DPZ traded down $5.82 during trading hours on Friday, hitting $459.59. 387,155 shares of the company were exchanged, compared to its average volume of 562,205. The stock has a market capitalization of $15.87 billion, a price-to-earnings ratio of 28.23, a price-to-earnings-growth ratio of 2.52 and a beta of 0.88. Domino's Pizza, Inc. has a one year low of $392.52 and a one year high of $542.75. The company has a fifty day simple moving average of $436.83 and a 200 day simple moving average of $452.26.

Domino's Pizza (NYSE:DPZ - Get Free Report) last issued its quarterly earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share for the quarter, beating the consensus estimate of $3.65 by $0.54. Domino's Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The company had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.10 billion. During the same quarter in the prior year, the firm posted $4.18 earnings per share. The business's quarterly revenue was up 5.1% on a year-over-year basis. Equities research analysts predict that Domino's Pizza, Inc. will post 16.82 earnings per share for the current fiscal year.

Domino's Pizza Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given a $1.51 dividend. The ex-dividend date is Friday, December 13th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.31%. Domino's Pizza's dividend payout ratio (DPR) is currently 37.10%.

Insider Activity

In related news, EVP Kevin Scott Morris sold 2,646 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $459.00, for a total transaction of $1,214,514.00. Following the transaction, the executive vice president now directly owns 1,966 shares of the company's stock, valued at $902,394. This represents a 57.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andrew Balson sold 6,970 shares of the company's stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $428.27, for a total transaction of $2,985,041.90. Following the transaction, the director now owns 15,390 shares in the company, valued at $6,591,075.30. This represents a 31.17 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.76% of the company's stock.

Domino's Pizza Company 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.