2Xideas AG Raises Stake in Domino's Pizza, Inc. (NASDAQ:DPZ)

2Xideas AG grew its holdings in shares of Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 96.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,188 shares of the restaurant operator's stock after buying an additional 14,303 shares during the quarter. Domino's Pizza accounts for approximately 1.6% of 2Xideas AG's holdings, making the stock its 24th biggest holding. 2Xideas AG owned approximately 0.08% of Domino's Pizza worth $12,252,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its position in Domino's Pizza by 1.4% in the third quarter. Principal Financial Group Inc. now owns 1,666,158 shares of the restaurant operator's stock worth $716,681,000 after buying an additional 23,681 shares during the last quarter. Benjamin Edwards Inc. bought a new stake in shares of Domino's Pizza in the 3rd quarter worth about $1,154,000. HighTower Advisors LLC lifted its holdings in shares of Domino's Pizza by 6.8% in the 3rd quarter. HighTower Advisors LLC now owns 12,893 shares of the restaurant operator's stock worth $5,533,000 after acquiring an additional 821 shares during the last quarter. Investment Management Corp of Ontario boosted its stake in shares of Domino's Pizza by 35.4% during the 3rd quarter. Investment Management Corp of Ontario now owns 1,147 shares of the restaurant operator's stock worth $493,000 after purchasing an additional 300 shares during the period. Finally, Point72 DIFC Ltd grew its holdings in Domino's Pizza by 8.7% during the 3rd quarter. Point72 DIFC Ltd now owns 871 shares of the restaurant operator's stock valued at $375,000 after purchasing an additional 70 shares during the last quarter. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Domino's Pizza Stock Up 1.5 %

Shares of Domino's Pizza stock traded up $6.63 on Friday, reaching $459.68. The stock had a trading volume of 250,690 shares, compared to its average volume of 623,297. Domino's Pizza, Inc. has a 1 year low of $396.06 and a 1 year high of $542.75. The company has a 50 day moving average price of $462.03 and a 200 day moving average price of $444.22. The stock has a market capitalization of $15.77 billion, a P/E ratio of 28.06, a P/E/G ratio of 2.47 and a beta of 1.15.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its quarterly earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share (EPS) for the quarter, missing the consensus estimate 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 period in the prior year, the firm posted $4.48 earnings per share. Domino's Pizza's revenue for the quarter was up 2.9% compared to the same quarter last year. On average, analysts forecast 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 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. This is a positive change from Domino's Pizza's previous quarterly dividend of $1.51. This represents a $6.96 annualized dividend and a yield of 1.51%. The ex-dividend date was Friday, March 14th. Domino's Pizza's dividend payout ratio is currently 41.70%.

Insider Buying and Selling at Domino's Pizza

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

Wall Street Analysts Forecast Growth

DPZ has been the subject of several analyst reports. BMO Capital Markets raised their price objective on shares of Domino's Pizza from $500.00 to $515.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 25th. TD Securities restated a "buy" rating and set a $490.00 price objective on shares of Domino's Pizza in a report on Monday, March 31st. TD Cowen reaffirmed a "buy" rating and issued a $490.00 price objective on shares of Domino's Pizza in a research report on Monday, February 24th. Benchmark reiterated a "buy" rating and set a $520.00 target price on shares of Domino's Pizza in a research report on Tuesday, February 25th. Finally, Stephens restated an "equal weight" rating and issued a $440.00 price target on shares of Domino's Pizza in a report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Domino's Pizza presently has an average rating of "Moderate Buy" and an average target price of $501.56.

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.