Geode Capital Management LLC Cuts Stock Position in Domino's Pizza, Inc. (NYSE:DPZ)

Geode Capital Management LLC lowered its stake in Domino's Pizza, Inc. (NYSE:DPZ - Free Report) by 4.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 862,771 shares of the restaurant operator's stock after selling 39,695 shares during the quarter. Geode Capital Management LLC owned approximately 2.50% of Domino's Pizza worth $372,100,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Berkshire Hathaway Inc purchased a new position in Domino's Pizza during the third quarter valued at approximately $549,399,000. International Assets Investment Management LLC boosted its holdings in Domino's Pizza by 40,191.5% in the 3rd quarter. International Assets Investment Management LLC now owns 523,790 shares of the restaurant operator's stock valued at $225,303,000 after purchasing an additional 522,490 shares during the period. FMR LLC grew its position in shares of Domino's Pizza by 16.3% during the 3rd quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator's stock valued at $941,936,000 after purchasing an additional 307,528 shares in the last quarter. Champlain Investment Partners LLC bought a new position in shares of Domino's Pizza in the third quarter worth $99,352,000. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Domino's Pizza by 85.2% in the second quarter. Envestnet Asset Management Inc. now owns 327,166 shares of the restaurant operator's stock worth $168,926,000 after purchasing an additional 150,526 shares during the period. 94.63% of the stock is currently owned by institutional investors.

Domino's Pizza Stock Down 2.2 %

Shares of NYSE:DPZ traded down $10.18 during midday trading on Friday, hitting $453.17. 501,195 shares of the stock traded hands, compared to its average volume of 603,159. The business's 50 day moving average is $439.97 and its two-hundred day moving average is $450.58. The stock has a market capitalization of $15.65 billion, a PE ratio of 27.84, a P/E/G ratio of 2.47 and a beta of 0.88. Domino's Pizza, Inc. has a one year low of $395.08 and a one year 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 EPS for the quarter, beating analysts' consensus estimates of $3.65 by $0.54. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.10 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 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.18 EPS. As a group, sell-side analysts forecast that Domino's Pizza, Inc. will post 16.82 earnings per share for the current year.

Domino's Pizza Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a $1.51 dividend. This represents a $6.04 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Friday, December 13th. Domino's Pizza's dividend payout ratio (DPR) is currently 37.10%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DPZ. Wells Fargo & Company lowered their price target 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. JPMorgan Chase & Co. decreased their price objective on shares of Domino's Pizza from $470.00 to $450.00 and set a "neutral" rating on the stock in a research report on Friday, October 11th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Domino's Pizza from $500.00 to $480.00 and set a "buy" rating for the company in a research report on Friday, October 11th. Oppenheimer reissued an "outperform" rating and issued a $490.00 price target on shares of Domino's Pizza in a report on Friday, October 11th. Finally, Wedbush restated an "outperform" rating and set a $470.00 price objective on shares of Domino's Pizza in a research report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $495.76.

Insider Buying and Selling at Domino's Pizza

In other news, Director Andrew Balson sold 6,970 shares of the 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 transaction, the director now owns 15,390 shares of the company's stock, valued at approximately $6,591,075.30. This represents a 31.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kevin Scott Morris sold 2,646 shares of the firm's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $459.00, for a total value of $1,214,514.00. Following the completion of the transaction, the executive vice president now owns 1,966 shares of the company's stock, valued at approximately $902,394. The trade was a 57.37 % 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.