Domino's Pizza, Inc. (NYSE:DPZ) Stock Holdings Lowered by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd decreased its stake in Domino's Pizza, Inc. (NYSE:DPZ - Free Report) by 94.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 498 shares of the restaurant operator's stock after selling 8,525 shares during the period. OVERSEA CHINESE BANKING Corp Ltd's holdings in Domino's Pizza were worth $215,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Central Pacific Bank Trust Division purchased a new stake in shares of Domino's Pizza during the third 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 buying an additional 39 shares during the period. Crewe Advisors LLC acquired a new stake in Domino's Pizza in the 1st quarter worth about $36,000. Versant Capital Management Inc increased its stake in shares of Domino's Pizza by 654.5% during the 2nd quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator's stock valued at $43,000 after acquiring an additional 72 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Domino's Pizza during the 3rd quarter worth about $43,000. 94.63% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Domino's Pizza news, Director Andrew Balson sold 6,970 shares of the company's stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $428.27, for a total value of $2,985,041.90. Following the completion of the sale, the director now directly owns 15,390 shares in the company, valued at $6,591,075.30. This represents a 31.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DPZ. Piper Sandler cut their price target on shares of Domino's Pizza from $436.00 to $429.00 and set a "neutral" rating on the stock in a research note on Monday, October 7th. Wells Fargo & Company reduced their target price on Domino's Pizza from $450.00 to $420.00 and set an "equal weight" rating on the stock in a report on Friday, October 11th. BMO Capital Markets cut their price objective on Domino's Pizza from $510.00 to $500.00 and set an "outperform" rating on the stock in a report on Friday, October 11th. Loop Capital raised shares of Domino's Pizza from a "hold" rating to a "buy" rating and increased their target price for the stock from $419.00 to $559.00 in a research report on Friday, November 8th. Finally, Jefferies Financial Group reduced their price target on shares of Domino's Pizza from $455.00 to $450.00 and set a "hold" rating on the stock in a research report on Friday, October 11th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Domino's Pizza currently has an average rating of "Moderate Buy" and an average target price of $494.38.

Domino's Pizza Trading Down 1.3 %

NYSE:DPZ traded down $5.54 during mid-day trading on Friday, hitting $430.43. The stock had a trading volume of 1,566,856 shares, compared to its average volume of 610,711. The company has a 50 day simple moving average of $423.60 and a 200-day simple moving average of $458.53. The stock has a market capitalization of $14.86 billion, a price-to-earnings ratio of 26.44, a P/E/G ratio of 2.36 and a beta of 0.86. Domino's Pizza, Inc. has a 52 week low of $367.24 and a 52 week high of $542.75.

Domino's Pizza (NYSE:DPZ - Get Free Report) last released its quarterly earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $1.10 billion. During the same quarter in the previous year, the company posted $4.18 earnings per share. The business's revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Domino's Pizza, Inc. will post 16.86 earnings per share for the current year.

Domino's Pizza Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a $1.51 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $6.04 annualized dividend and a dividend yield of 1.40%. Domino's Pizza's payout ratio is 37.10%.

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.