KBC Group NV Boosts Stock Holdings in Domino's Pizza, Inc. (NYSE:DPZ)

KBC Group NV increased its stake in Domino's Pizza, Inc. (NYSE:DPZ - Free Report) by 68.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,081 shares of the restaurant operator's stock after purchasing an additional 2,064 shares during the quarter. KBC Group NV's holdings in Domino's Pizza were worth $2,186,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Central Pacific Bank Trust Division purchased a new position in shares of Domino's Pizza during the 3rd quarter valued at $30,000. Blue Trust Inc. increased its stake in Domino's Pizza by 162.5% in 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. Crewe Advisors LLC purchased a new stake in shares of Domino's Pizza in the 1st quarter valued at about $36,000. Versant Capital Management Inc boosted its position in shares of Domino's Pizza by 654.5% during the 2nd quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator's stock valued at $43,000 after acquiring an additional 72 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Domino's Pizza during the third quarter worth about $43,000. Hedge funds and other institutional investors own 94.63% of the company's stock.

Wall Street Analysts Forecast Growth

DPZ has been the topic of a number of recent analyst reports. Wells Fargo & Company lowered their target price on shares of Domino's Pizza from $450.00 to $420.00 and set an "equal weight" rating on the stock in a research note on Friday, October 11th. Benchmark reaffirmed a "buy" rating and set a $520.00 price objective on shares of Domino's Pizza in a report on Friday, October 11th. Wedbush reiterated an "outperform" rating and issued a $470.00 target price on shares of Domino's Pizza in a research report on Friday, October 11th. Loop Capital upgraded Domino's Pizza from a "hold" rating to a "buy" rating and raised their price target for the company from $419.00 to $559.00 in a research report on Friday, November 8th. Finally, Royal Bank of Canada cut their price objective on Domino's Pizza from $500.00 to $490.00 and set an "outperform" rating for the company in a report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Domino's Pizza currently has an average rating of "Moderate Buy" and a consensus price target of $494.38.

Insider Buying and Selling

In related news, Director Andrew Balson sold 6,970 shares of the company's stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $428.27, for a total value of $2,985,041.90. Following the sale, the director now owns 15,390 shares in the company, valued at $6,591,075.30. This represents a 31.17 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Kevin Scott Morris sold 2,646 shares of Domino's Pizza stock in a transaction on Friday, November 15th. The shares were 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 of the company's stock, valued at $902,394. The trade was a 57.37 % decrease in their position. The disclosure for this sale can be found here. 0.81% of the stock is owned by company insiders.

Domino's Pizza Trading Down 1.2 %

Domino's Pizza stock traded down $5.30 during trading hours on Tuesday, hitting $439.60. 480,233 shares of the stock traded hands, compared to its average volume of 611,232. Domino's Pizza, Inc. has a one year low of $367.24 and a one year high of $542.75. The firm's 50-day moving average price is $424.56 and its two-hundred day moving average price is $456.62. The company has a market cap of $15.18 billion, a PE ratio of 27.00, a PEG ratio of 2.31 and a beta of 0.86.

Domino's Pizza (NYSE:DPZ - Get Free Report) last released its earnings results on Thursday, October 10th. The restaurant operator reported $4.19 EPS for the quarter, beating analysts' consensus estimates of $3.65 by $0.54. The company had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.10 billion. Domino's Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The firm's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter last year, the business posted $4.18 EPS. On average, sell-side analysts expect that Domino's Pizza, Inc. will post 16.86 earnings per share for the current fiscal year.

Domino's Pizza Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date is Friday, December 13th. Domino's Pizza's dividend payout ratio is presently 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.