Fmr LLC Sells 568,043 Shares of Domino's Pizza, Inc. (NASDAQ:DPZ)

FMR LLC trimmed its position in Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 25.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,621,793 shares of the restaurant operator's stock after selling 568,043 shares during the quarter. FMR LLC owned 4.70% of Domino's Pizza worth $680,764,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Domino's Pizza in the 4th quarter valued at approximately $250,571,000. Vaughan Nelson Investment Management L.P. acquired a new stake in Domino's Pizza in the 4th quarter valued at $41,701,000. Geode Capital Management LLC grew its position in Domino's Pizza by 10.7% in the fourth quarter. Geode Capital Management LLC now owns 955,160 shares of the restaurant operator's stock valued at $403,203,000 after acquiring an additional 92,389 shares during the period. Raymond James Financial Inc. acquired a new position in Domino's Pizza during the fourth quarter worth $32,592,000. Finally, Country Trust Bank bought a new position in shares of Domino's Pizza during the fourth quarter valued at $29,424,000. 94.63% of the stock is owned by institutional investors.

Insider Buying and Selling at Domino's Pizza

In other news, CFO Reddy Sandeep sold 1,077 shares of Domino's Pizza stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $443.20, for a total value of $477,326.40. Following the sale, the chief financial officer now directly owns 8,081 shares in the company, valued at $3,581,499.20. This trade represents a 11.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kelly E. Garcia sold 2,104 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $436.28, for a total transaction 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. The trade was a 26.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,996 shares of company stock valued at $3,946,461 in the last 90 days. 0.83% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Barclays upped their target price on shares of Domino's Pizza from $402.00 to $420.00 and gave the stock an "underweight" rating in a report on Tuesday, February 25th. Robert W. Baird dropped their price objective on shares of Domino's Pizza from $510.00 to $500.00 and set an "outperform" rating for the company in a report on Monday, April 7th. BMO Capital Markets boosted their target price on Domino's Pizza from $500.00 to $515.00 and gave the stock an "outperform" rating in a report on Tuesday, February 25th. Stephens reaffirmed an "equal weight" rating and set a $440.00 price target on shares of Domino's Pizza in a report on Wednesday, April 2nd. Finally, TD Securities restated a "buy" rating and issued a $490.00 price objective on shares of Domino's Pizza in a research report on Monday, March 31st. One research analyst has rated the stock with a sell rating, eight have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Domino's Pizza presently has a consensus rating of "Moderate Buy" and an average target price of $499.69.

Domino's Pizza Trading Up 2.2 %

Shares of NASDAQ DPZ traded up $10.31 during mid-day trading on Monday, reaching $472.48. 91,605 shares of the company's stock were exchanged, compared to its average volume of 624,160. Domino's Pizza, Inc. has a twelve month low of $396.06 and a twelve month high of $542.75. The firm has a market capitalization of $16.20 billion, a price-to-earnings ratio of 29.02, a PEG ratio of 2.47 and a beta of 1.15. The business has a fifty day simple moving average of $461.95 and a 200 day simple moving average of $444.55.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its quarterly earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share 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 company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the previous year, the firm posted $4.48 EPS. The business's quarterly revenue was up 2.9% compared to the same quarter last year. Equities 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 announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $1.74 per share. This represents a $6.96 dividend on an annualized basis and a yield of 1.47%. 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. Domino's Pizza's dividend payout ratio is 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.