Federated Hermes Inc. Grows Position in Domino's Pizza, Inc. (NASDAQ:DPZ)

Federated Hermes Inc. boosted its position in shares of Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 11.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 61,894 shares of the restaurant operator's stock after acquiring an additional 6,137 shares during the quarter. Federated Hermes Inc. owned about 0.18% of Domino's Pizza worth $25,981,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its position in Domino's Pizza by 1.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 369,307 shares of the restaurant operator's stock valued at $155,020,000 after purchasing an additional 5,840 shares during the period. Resona Asset Management Co. Ltd. acquired a new position in shares of Domino's Pizza in the 4th quarter valued at about $10,632,000. Wells Fargo & Company MN boosted its stake in shares of Domino's Pizza by 2.4% in the fourth quarter. Wells Fargo & Company MN now owns 138,979 shares of the restaurant operator's stock worth $58,338,000 after buying an additional 3,273 shares during the last quarter. Huntington National Bank grew its holdings in Domino's Pizza by 7.5% during the fourth quarter. Huntington National Bank now owns 475 shares of the restaurant operator's stock worth $199,000 after acquiring an additional 33 shares during the period. Finally, Trexquant Investment LP purchased a new position in Domino's Pizza during the fourth quarter valued at approximately $2,061,000. Hedge funds and other institutional investors own 94.63% of the company's stock.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Benchmark reaffirmed a "buy" rating and set a $520.00 price objective on shares of Domino's Pizza in a research note on Tuesday, February 25th. Barclays lifted their price objective on shares of Domino's Pizza from $402.00 to $420.00 and gave the company an "underweight" rating in a report on Tuesday, February 25th. Royal Bank of Canada reissued an "outperform" rating and set a $500.00 target price on shares of Domino's Pizza in a research note on Tuesday, April 1st. Citigroup cut their price target on Domino's Pizza from $500.00 to $480.00 and set a "neutral" rating for the company in a research note on Thursday. Finally, Morgan Stanley lowered their price target on Domino's Pizza from $510.00 to $496.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $499.69.

Domino's Pizza Stock Performance

Shares of NASDAQ DPZ traded up $10.31 during trading on Monday, hitting $472.48. 91,605 shares of the company were exchanged, compared to its average volume of 624,148. The company has a fifty day moving average price of $461.95 and a 200-day moving average price of $444.55. The firm has a market capitalization of $16.20 billion, a PE ratio of 29.02, a P/E/G ratio of 2.47 and a beta of 1.15. Domino's Pizza, Inc. has a 12-month low of $396.06 and a 12-month high of $542.75.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its earnings results on Monday, February 24th. The restaurant operator reported $4.89 EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $1.47 billion. During the same period last year, the firm earned $4.48 earnings per share. Domino's Pizza's revenue for the quarter was up 2.9% on a year-over-year basis. Research analysts anticipate 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 disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $1.74 dividend. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from Domino's Pizza's previous quarterly dividend of $1.51. This represents a $6.96 dividend on an annualized basis and a yield of 1.47%. Domino's Pizza's dividend payout ratio is currently 41.70%.

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.