iA Global Asset Management Inc. Acquires 1,474 Shares of Domino's Pizza, Inc. (NYSE:DPZ)

iA Global Asset Management Inc. raised its position in Domino's Pizza, Inc. (NYSE:DPZ - Free Report) by 53.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,251 shares of the restaurant operator's stock after buying an additional 1,474 shares during the quarter. iA Global Asset Management Inc.'s holdings in Domino's Pizza were worth $1,829,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. True Wealth Design LLC grew its holdings in shares of Domino's Pizza by 2,033.3% during the 3rd quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator's stock valued at $28,000 after purchasing an additional 61 shares during the last quarter. Central Pacific Bank Trust Division bought a new stake in Domino's Pizza during the 3rd quarter worth approximately $30,000. Blue Trust Inc. grew its holdings in Domino's Pizza by 162.5% during the 2nd quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator's stock worth $31,000 after acquiring an additional 39 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Domino's Pizza during the 3rd quarter worth approximately $43,000. Finally, Crewe Advisors LLC grew its holdings in Domino's Pizza by 46.6% during the 2nd quarter. Crewe Advisors LLC now owns 107 shares of the restaurant operator's stock worth $55,000 after acquiring an additional 34 shares during the last quarter. 94.63% of the stock is owned by institutional investors.

Insider Activity at Domino's Pizza

In related news, Director Andrew Balson sold 6,970 shares of the firm's 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 sale, the director now directly owns 15,390 shares of the company's stock, valued at $6,591,075.30. This trade 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 through the SEC website. Also, EVP Kevin Scott Morris sold 2,646 shares of the firm's 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 sale, the executive vice president now directly 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. 0.76% of the stock is currently owned by insiders.

Domino's Pizza Trading Down 0.4 %

Shares of Domino's Pizza stock traded down $1.65 on Monday, reaching $457.94. The stock had a trading volume of 504,946 shares, compared to its average volume of 605,435. Domino's Pizza, Inc. has a 1 year low of $392.61 and a 1 year high of $542.75. The company has a market cap of $15.81 billion, a P/E ratio of 28.13, a price-to-earnings-growth ratio of 2.48 and a beta of 0.88. The business's 50 day moving average is $436.83 and its two-hundred day moving average is $451.84.

Domino's Pizza (NYSE:DPZ - Get Free Report) last announced its quarterly earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.65 by $0.54. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.10 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 5.1% on a year-over-year basis. During the same period in the prior year, the firm posted $4.18 earnings per share. On average, equities analysts anticipate that Domino's Pizza, Inc. will post 16.82 EPS for the current fiscal year.

Domino's Pizza Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be paid a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Friday, December 13th. Domino's Pizza's dividend payout ratio is currently 37.10%.

Analysts Set New Price Targets

A number of research firms have weighed in on DPZ. Bank of America reduced their target price on shares of Domino's Pizza from $582.00 to $557.00 and set a "buy" rating on the stock in a report on Friday, October 11th. Stephens dropped their price target on shares of Domino's Pizza from $430.00 to $420.00 and set an "equal weight" rating on the stock in a research report on Friday, October 11th. Wedbush reiterated an "outperform" rating and set a $470.00 target price on shares of Domino's Pizza in a research report on Friday, October 11th. Barclays dropped their target price on shares of Domino's Pizza from $380.00 to $370.00 and set an "underweight" rating on the stock in a research report on Friday, October 11th. Finally, Loop Capital upgraded shares of Domino's Pizza from a "hold" rating to a "buy" rating and boosted their target price for the company from $419.00 to $559.00 in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $495.76.

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.