E Fund Management Co. Ltd. Takes $477,000 Position in Domino's Pizza, Inc. (NASDAQ:DPZ)

E Fund Management Co. Ltd. bought a new position in Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,136 shares of the restaurant operator's stock, valued at approximately $477,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. FMR LLC lifted its stake in Domino's Pizza by 16.3% in the third quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator's stock worth $941,936,000 after acquiring an additional 307,528 shares during the period. Principal Financial Group Inc. lifted its stake in Domino's Pizza by 1.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator's stock worth $708,498,000 after acquiring an additional 21,705 shares during the period. Berkshire Hathaway Inc purchased a new stake in Domino's Pizza in the third quarter worth $549,399,000. Bank of New York Mellon Corp lifted its stake in Domino's Pizza by 3.4% in the fourth quarter. Bank of New York Mellon Corp now owns 267,046 shares of the restaurant operator's stock worth $112,095,000 after acquiring an additional 8,753 shares during the period. Finally, Champlain Investment Partners LLC purchased a new stake in Domino's Pizza in the third quarter worth $99,352,000. Institutional investors own 94.63% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Oppenheimer raised their price target on Domino's Pizza from $490.00 to $495.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. Royal Bank of Canada reissued an "outperform" rating and set a $500.00 price objective on shares of Domino's Pizza in a research report on Thursday, February 20th. BMO Capital Markets raised their price objective on Domino's Pizza from $500.00 to $515.00 and gave the company an "outperform" rating in a research report on Tuesday, February 25th. Barclays raised their price objective on Domino's Pizza from $402.00 to $420.00 and gave the company an "underweight" rating in a research report on Tuesday, February 25th. Finally, TD Cowen reissued a "buy" rating and set a $490.00 price objective on shares of Domino's Pizza in a research report on Monday, February 24th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Domino's Pizza has an average rating of "Moderate Buy" and a consensus target price of $503.41.

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Domino's Pizza Price Performance

NASDAQ DPZ traded down $32.02 during trading hours on Monday, hitting $440.03. The company's stock had a trading volume of 1,171,404 shares, compared to its average volume of 600,773. Domino's Pizza, Inc. has a 12 month low of $396.06 and a 12 month high of $542.75. The company's 50 day simple moving average is $450.17 and its two-hundred day simple moving average is $437.93. The company has a market cap of $15.09 billion, a P/E ratio of 27.03, a price-to-earnings-growth ratio of 2.47 and a beta of 1.06.

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 analysts' consensus estimates of $4.93 by ($0.04). The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.47 billion. Domino's Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The company's revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.48 earnings per share. As a group, research analysts predict 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 declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $1.74 per share. This is an increase from Domino's Pizza's previous quarterly dividend of $1.51. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date is Friday, March 14th. Domino's Pizza's payout ratio is currently 41.70%.

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.