Mitsubishi UFJ Asset Management Co. Ltd. Boosts Stake in Domino's Pizza, Inc. (NASDAQ:DPZ)

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 14.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 55,204 shares of the restaurant operator's stock after purchasing an additional 6,902 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.16% of Domino's Pizza worth $24,184,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Sherman Asset Management Inc. bought a new stake in Domino's Pizza in the fourth quarter valued at approximately $25,000. True Wealth Design LLC raised its stake in 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 valued at $28,000 after acquiring an additional 61 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Domino's Pizza by 40.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator's stock valued at $38,000 after purchasing 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. Finally, Mountain Hill Investment Partners Corp. acquired a new position in shares of Domino's Pizza in the fourth quarter valued at $55,000. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on DPZ. Benchmark restated a "buy" rating and set a $520.00 target price on shares of Domino's Pizza in a research note on Tuesday, February 25th. Oppenheimer raised their price objective on shares of Domino's Pizza from $490.00 to $495.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 7th. Loop Capital lowered their price target on shares of Domino's Pizza from $559.00 to $555.00 and set a "buy" rating on the stock in a research report on Tuesday, February 25th. Morgan Stanley decreased their target price on shares of Domino's Pizza from $510.00 to $496.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 21st. Finally, Barclays upped their price target on shares of Domino's Pizza from $402.00 to $420.00 and gave the stock an "underweight" rating in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Domino's Pizza currently has an average rating of "Moderate Buy" and a consensus target price of $503.41.

Remove Ads

Domino's Pizza Price Performance

Shares of NASDAQ:DPZ traded down $4.01 during mid-day trading on Thursday, hitting $464.34. The company had a trading volume of 364,740 shares, compared to its average volume of 620,442. Domino's Pizza, Inc. has a one year low of $396.06 and a one year high of $542.75. The firm has a fifty day moving average price of $461.12 and a 200 day moving average price of $442.65. The company has a market capitalization of $15.93 billion, a PE ratio of 28.52, a price-to-earnings-growth ratio of 2.47 and a beta of 1.06.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its quarterly earnings data on Monday, February 24th. The restaurant operator reported $4.89 earnings per share for the quarter, missing the consensus estimate of $4.93 by ($0.04). The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.47 billion. Domino's Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. Domino's Pizza's revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.48 EPS. 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 company 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 1.50%. The ex-dividend date was Friday, March 14th. This is a boost from Domino's Pizza's previous quarterly dividend of $1.51. Domino's Pizza's dividend payout ratio (DPR) is 41.70%.

Insider Activity

In other news, EVP Kelly E. Garcia sold 2,104 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $436.28, for a total value of $917,933.12. Following the completion of the sale, the executive vice president now directly owns 5,699 shares of the company's stock, valued at $2,486,359.72. This represents a 26.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Kevin Scott Morris sold 5,416 shares of the stock in a transaction on Thursday, March 13th. The shares were 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 directly owns 793 shares of the company's stock, valued at $346,541. The trade was a 87.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,597 shares of company stock worth $3,762,052 over the last quarter. 0.83% of the stock is currently owned by corporate insiders.

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.