Invesco Ltd. Grows Holdings in Domino's Pizza, Inc. (NASDAQ:DPZ)

Invesco Ltd. increased its stake in Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 46.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 609,036 shares of the restaurant operator's stock after purchasing an additional 191,752 shares during the period. Invesco Ltd. owned approximately 1.76% of Domino's Pizza worth $255,649,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of DPZ. Sherman Asset Management Inc. bought a new stake in shares of Domino's Pizza during the 4th quarter worth $25,000. Brown Brothers Harriman & Co. boosted its holdings in shares of Domino's Pizza by 1,016.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator's stock worth $28,000 after purchasing an additional 61 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Domino's Pizza by 40.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator's stock valued at $38,000 after purchasing an additional 26 shares during the last quarter. Lee Danner & Bass Inc. purchased a new position in shares of Domino's Pizza during the 4th quarter valued at about $42,000. Finally, Mountain Hill Investment Partners Corp. purchased a new stake in Domino's Pizza in the fourth quarter worth approximately $55,000. 94.63% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Domino's Pizza

In related news, EVP Kelly E. Garcia sold 2,104 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The shares were 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 approximately $2,486,359.72. This trade represents a 26.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Kevin Scott Morris sold 5,416 shares of Domino's Pizza stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $437.00, for a total transaction of $2,366,792.00. Following the transaction, the executive vice president now owns 793 shares in the company, valued at $346,541. This represents a 87.23 % 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 over the last ninety days. Insiders own 0.83% of the company's stock.

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Domino's Pizza Stock Performance

Shares of DPZ traded down $0.97 during mid-day trading on Wednesday, reaching $467.59. The company had a trading volume of 66,490 shares, compared to its average volume of 623,869. Domino's Pizza, Inc. has a 52 week low of $396.06 and a 52 week high of $542.75. The company has a market capitalization of $16.04 billion, a price-to-earnings ratio of 28.72, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15. The firm has a 50-day moving average price of $462.33 and a 200 day moving average price of $445.05.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the prior year, the company posted $4.48 EPS. The company's quarterly revenue was up 2.9% on a year-over-year basis. As a group, research analysts forecast 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 declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued 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 1.49%. The ex-dividend date of this dividend was Friday, March 14th. Domino's Pizza's dividend payout ratio is presently 41.70%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on DPZ shares. Loop Capital reduced their target price on shares of Domino's Pizza from $559.00 to $555.00 and set a "buy" rating on the stock in a report on Tuesday, February 25th. TD Securities reaffirmed a "buy" rating and set a $490.00 price objective on shares of Domino's Pizza in a research note on Monday, March 31st. Morgan Stanley dropped their target price on Domino's Pizza from $510.00 to $496.00 and set an "overweight" rating for the company in a report on Tuesday, January 21st. BMO Capital Markets boosted 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. Finally, Stephens restated an "equal weight" rating and issued a $440.00 target price on shares of Domino's Pizza in a report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $499.69.

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.