Intech Investment Management LLC Lowers Stock Position in Domino's Pizza, Inc. (NYSE:DPZ)

Intech Investment Management LLC reduced its position in shares of Domino's Pizza, Inc. (NYSE:DPZ - Free Report) by 5.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,664 shares of the restaurant operator's stock after selling 1,157 shares during the quarter. Intech Investment Management LLC owned about 0.05% of Domino's Pizza worth $8,028,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Signaturefd LLC increased its holdings in Domino's Pizza by 25.2% during the 2nd quarter. Signaturefd LLC now owns 129 shares of the restaurant operator's stock worth $67,000 after purchasing an additional 26 shares during the period. Summit Trail Advisors LLC increased its holdings in shares of Domino's Pizza by 5.0% in the 2nd quarter. Summit Trail Advisors LLC now owns 568 shares of the restaurant operator's stock valued at $293,000 after acquiring an additional 27 shares during the period. Portside Wealth Group LLC increased its holdings in shares of Domino's Pizza by 6.5% in the 2nd quarter. Portside Wealth Group LLC now owns 456 shares of the restaurant operator's stock valued at $235,000 after acquiring an additional 28 shares during the period. Larson Financial Group LLC increased its holdings in shares of Domino's Pizza by 4.6% in the 2nd quarter. Larson Financial Group LLC now owns 663 shares of the restaurant operator's stock valued at $342,000 after acquiring an additional 29 shares during the period. Finally, Capital Insight Partners LLC boosted its position in shares of Domino's Pizza by 2.6% in the 2nd quarter. Capital Insight Partners LLC now owns 1,205 shares of the restaurant operator's stock worth $622,000 after purchasing an additional 30 shares in the last quarter. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Domino's Pizza Price Performance

DPZ traded up $6.96 during trading hours on Friday, reaching $452.81. The company's stock had a trading volume of 517,956 shares, compared to its average volume of 609,823. Domino's Pizza, Inc. has a fifty-two week low of $367.24 and a fifty-two week high of $542.75. The stock has a market cap of $15.64 billion, a PE ratio of 27.81, a P/E/G ratio of 2.37 and a beta of 0.86. The business's 50-day moving average is $427.00 and its 200-day moving average is $455.94.

Domino's Pizza (NYSE:DPZ - Get Free Report) last posted its earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.65 by $0.54. The firm had revenue of $1.08 billion for 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 revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.18 EPS. Analysts expect that Domino's Pizza, Inc. will post 16.86 EPS 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 given a dividend of $1.51 per share. The ex-dividend date is Friday, December 13th. This represents a $6.04 annualized dividend and a dividend yield of 1.33%. Domino's Pizza's dividend payout ratio is presently 37.10%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on DPZ shares. Deutsche Bank Aktiengesellschaft lowered their price objective on 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. Citigroup lowered their price target on Domino's Pizza from $450.00 to $440.00 and set a "neutral" rating for the company in a research report on Friday, October 11th. Jefferies Financial Group lowered their price target on Domino's Pizza from $455.00 to $450.00 and set a "hold" rating for the company in a research report on Friday, October 11th. Wedbush reaffirmed an "outperform" rating and set a $470.00 price target on shares of Domino's Pizza in a research report on Friday, October 11th. Finally, TD Cowen reissued a "buy" rating and issued a $475.00 price objective on shares of Domino's Pizza in a report on Friday, October 11th. One investment 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $494.38.

Insider Transactions at Domino's Pizza

In other Domino's Pizza news, Director Andrew Balson sold 6,970 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $428.27, for a total value of $2,985,041.90. Following the transaction, 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Kevin Scott Morris sold 2,646 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 1,966 shares in the company, valued at $902,394. This represents a 57.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.76% of the company's stock.

About Domino's Pizza

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.