FIL Ltd Sells 5,000 Shares of Domino's Pizza, Inc. (NASDAQ:DPZ)

FIL Ltd decreased its stake in shares of Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 3.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 130,000 shares of the restaurant operator's stock after selling 5,000 shares during the period. FIL Ltd owned about 0.38% of Domino's Pizza worth $54,569,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its stake in shares of Domino's Pizza by 1.3% in the 4th quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator's stock worth $708,498,000 after purchasing an additional 21,705 shares during the period. Geode Capital Management LLC boosted its stake in shares of Domino's Pizza by 10.7% during the 4th quarter. Geode Capital Management LLC now owns 955,160 shares of the restaurant operator's stock worth $403,203,000 after acquiring an additional 92,389 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Domino's Pizza by 46.0% during the 4th quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator's stock worth $255,649,000 after acquiring an additional 191,752 shares during the last quarter. Norges Bank bought a new stake in shares of Domino's Pizza during the 4th quarter valued at $250,571,000. Finally, Envestnet Asset Management Inc. increased its stake in shares of Domino's Pizza by 1.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 369,307 shares of the restaurant operator's stock worth $155,020,000 after purchasing an additional 5,840 shares in the last quarter. Hedge funds and other institutional investors own 94.63% of the company's stock.

Domino's Pizza Stock Down 1.7 %

NASDAQ:DPZ traded down $8.06 during mid-day trading on Tuesday, hitting $467.81. 129,127 shares of the stock traded hands, compared to its average volume of 624,100. Domino's Pizza, Inc. has a 52 week low of $396.06 and a 52 week high of $542.75. The stock has a market capitalization of $16.04 billion, a price-to-earnings ratio of 28.74, a PEG ratio of 2.47 and a beta of 1.15. The firm's 50 day moving average is $462.37 and its two-hundred day moving average is $444.88.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released 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 net margin of 12.26% and a negative return on equity of 14.35%. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the prior year, the company posted $4.48 EPS. The company's quarterly revenue was up 2.9% compared to the same quarter last year. As a group, research analysts predict that Domino's Pizza, Inc. will post 16.74 EPS for the current year.

Domino's Pizza Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $1.74 dividend. This is a positive change from Domino's Pizza's previous quarterly dividend of $1.51. The ex-dividend date of this dividend was Friday, March 14th. This represents a $6.96 dividend on an annualized basis and a yield of 1.49%. Domino's Pizza's dividend payout ratio (DPR) is presently 41.70%.

Analyst Ratings Changes

Several research firms recently weighed in on DPZ. Robert W. Baird lowered their target price on Domino's Pizza from $510.00 to $500.00 and set an "outperform" rating on the stock in a research report on Monday, April 7th. TD Cowen reiterated a "buy" rating and set a $490.00 price objective on shares of Domino's Pizza in a research note on Monday, February 24th. Barclays raised their target price on shares of Domino's Pizza from $402.00 to $420.00 and gave the stock an "underweight" rating in a research note on Tuesday, February 25th. Wedbush reissued an "outperform" rating and issued a $500.00 price objective on shares of Domino's Pizza in a research note on Tuesday, February 25th. Finally, Morgan Stanley lowered their target price on shares of Domino's Pizza from $510.00 to $496.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 21st. One analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $499.69.

Insider Transactions at Domino's Pizza

In related news, EVP Kelly E. Garcia sold 2,104 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $436.28, for a total value of $917,933.12. Following the transaction, the executive vice president now owns 5,699 shares of the company's stock, valued at $2,486,359.72. This represents a 26.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Reddy Sandeep sold 399 shares of the firm's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $462.18, for a total value of $184,409.82. Following the transaction, the executive vice president now owns 8,756 shares in the company, valued at $4,046,848.08. The trade was a 4.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,996 shares of company stock worth $3,946,461. 0.83% of the stock is currently owned by insiders.

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.