KLP Kapitalforvaltning AS Purchases New Position in Domino's Pizza, Inc. (NASDAQ:DPZ)

KLP Kapitalforvaltning AS acquired a new position in Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 17,990 shares of the restaurant operator's stock, valued at approximately $7,551,000. KLP Kapitalforvaltning AS owned about 0.05% of Domino's Pizza at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Berkshire Hathaway Inc purchased a new position in shares of Domino's Pizza in the 3rd quarter worth about $549,399,000. Janney Montgomery Scott LLC boosted its stake in Domino's Pizza by 278.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 11,060 shares of the restaurant operator's stock valued at $4,643,000 after acquiring an additional 8,136 shares during the last quarter. Empowered Funds LLC boosted its stake in Domino's Pizza by 44.6% in the fourth quarter. Empowered Funds LLC now owns 5,713 shares of the restaurant operator's stock valued at $2,398,000 after acquiring an additional 1,762 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Domino's Pizza by 1.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 229,099 shares of the restaurant operator's stock valued at $98,545,000 after acquiring an additional 2,201 shares during the period. Finally, Alta Capital Management LLC increased its stake in shares of Domino's Pizza by 20.5% during the 4th quarter. Alta Capital Management LLC now owns 7,144 shares of the restaurant operator's stock worth $2,999,000 after purchasing an additional 1,214 shares during the last quarter. Institutional investors own 94.63% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on DPZ shares. TD Cowen restated a "buy" rating and issued a $490.00 target price on shares of Domino's Pizza in a research note on Monday, February 24th. Royal Bank of Canada reiterated an "outperform" rating and issued a $500.00 target price on shares of Domino's Pizza in a research note on Thursday, February 20th. Stephens reiterated an "equal weight" rating and set a $440.00 price target on shares of Domino's Pizza in a research report on Monday, March 3rd. Morgan Stanley decreased their price objective on shares of Domino's Pizza from $510.00 to $496.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 21st. Finally, Wedbush reiterated an "outperform" rating and set a $500.00 target price on shares of Domino's Pizza in a research report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Domino's Pizza has an average rating of "Moderate Buy" and a consensus price target of $503.41.

Insider Activity at Domino's Pizza

In other Domino's Pizza news, 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 completion of the transaction, the executive vice president now owns 793 shares in the company, valued at approximately $346,541. The trade was a 87.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kelly E. Garcia sold 2,104 shares of the business's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $436.28, for a total value of $917,933.12. Following the completion of the sale, the executive vice president now directly owns 5,699 shares in the company, valued at $2,486,359.72. This trade represents a 26.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,597 shares of company stock worth $3,762,052 over the last quarter. 0.76% of the stock is owned by corporate insiders.

Domino's Pizza Price Performance

Domino's Pizza stock traded down $24.16 during trading hours on Friday, reaching $447.12. The stock had a trading volume of 790,069 shares, compared to its average volume of 621,065. The stock has a market cap of $15.33 billion, a PE ratio of 27.46, a PEG ratio of 2.47 and a beta of 1.06. The company has a fifty day simple moving average of $459.46 and a 200-day simple moving average of $441.24. Domino's Pizza, Inc. has a 52 week low of $396.06 and a 52 week high of $542.75.

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 (EPS) for the quarter, missing analysts' consensus estimates of $4.93 by ($0.04). The business had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.47 billion. Domino's Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The firm's revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.48 EPS. 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 firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a dividend of $1.74 per share. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Domino's Pizza's previous quarterly dividend of $1.51. Domino's Pizza's dividend payout ratio is currently 41.70%.

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.