Jennison Associates LLC Has $92.25 Million Holdings in Domino's Pizza, Inc. (NYSE:DPZ)

Jennison Associates LLC lifted its holdings in Domino's Pizza, Inc. (NYSE:DPZ - Free Report) by 75.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 214,473 shares of the restaurant operator's stock after buying an additional 92,137 shares during the quarter. Jennison Associates LLC owned 0.62% of Domino's Pizza worth $92,253,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DPZ. International Assets Investment Management LLC grew its position in Domino's Pizza by 40,191.5% during the third quarter. International Assets Investment Management LLC now owns 523,790 shares of the restaurant operator's stock worth $225,303,000 after buying an additional 522,490 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Domino's Pizza by 107.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 444,780 shares of the restaurant operator's stock valued at $221,003,000 after purchasing an additional 230,090 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Domino's Pizza by 85.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 327,166 shares of the restaurant operator's stock valued at $168,926,000 after buying an additional 150,526 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Domino's Pizza in the second quarter worth $72,296,000. Finally, HS Management Partners LLC purchased a new position in Domino's Pizza in the 3rd quarter valued at about $37,048,000. Institutional investors and hedge funds own 94.63% of the company's stock.

Insider Activity

In related news, EVP Kevin Scott Morris sold 2,646 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $459.00, for a total value of $1,214,514.00. Following the transaction, the executive vice president now owns 1,966 shares in the company, valued at approximately $902,394. This represents a 57.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Andrew Balson sold 6,970 shares of Domino's Pizza stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $428.27, for a total transaction of $2,985,041.90. Following the completion of the sale, the director now 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 disclosure for this sale can be found here. 0.76% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DPZ. Royal Bank of Canada cut their target price on Domino's Pizza from $500.00 to $490.00 and set an "outperform" rating on the stock in a research report on Friday, October 11th. Bank of America dropped their target price on shares of Domino's Pizza from $582.00 to $557.00 and set a "buy" rating for the company in a research report on Friday, October 11th. Guggenheim reduced their price target on shares of Domino's Pizza from $485.00 to $460.00 and set a "neutral" rating on the stock in a research report on Thursday, September 26th. Piper Sandler dropped their price objective on shares of Domino's Pizza from $436.00 to $429.00 and set a "neutral" rating for the company in a research report on Monday, October 7th. Finally, Robert W. Baird cut their price objective on Domino's Pizza from $580.00 to $535.00 and set an "outperform" rating on the stock in a research report on Thursday, September 12th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $494.38.

Domino's Pizza Price Performance

Shares of DPZ traded up $7.51 during mid-day trading on Thursday, hitting $446.48. The company's stock had a trading volume of 353,872 shares, compared to its average volume of 610,228. Domino's Pizza, Inc. has a fifty-two week low of $367.24 and a fifty-two week high of $542.75. The stock has a market capitalization of $15.42 billion, a price-to-earnings ratio of 27.43, a PEG ratio of 2.37 and a beta of 0.86. The firm has a 50-day moving average price of $425.99 and a 200 day moving average price of $456.43.

Domino's Pizza (NYSE:DPZ - Get Free Report) last issued its 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. Domino's Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The business had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.10 billion. During the same period in the previous year, the firm posted $4.18 EPS. The company's quarterly revenue was up 5.1% on a year-over-year basis. As a group, equities analysts anticipate that Domino's Pizza, Inc. will post 16.86 EPS for the current fiscal year.

Domino's Pizza Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a yield of 1.35%. The ex-dividend date is Friday, December 13th. Domino's Pizza's payout ratio is 37.10%.

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.