Domino's Pizza, Inc. (NASDAQ:DPZ) Shares Bought by Korea Investment CORP

Korea Investment CORP raised its holdings in shares of Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 502.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,419 shares of the restaurant operator's stock after acquiring an additional 27,034 shares during the quarter. Korea Investment CORP owned approximately 0.09% of Domino's Pizza worth $13,608,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in DPZ. Principal Financial Group Inc. grew its holdings in shares of Domino's Pizza by 1.3% during the fourth quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator's stock worth $708,498,000 after purchasing an additional 21,705 shares during the last quarter. Berkshire Hathaway Inc purchased a new position in Domino's Pizza during the 3rd quarter worth approximately $549,399,000. Bank of New York Mellon Corp increased its position in Domino's Pizza by 3.4% during the fourth quarter. Bank of New York Mellon Corp now owns 267,046 shares of the restaurant operator's stock worth $112,095,000 after buying an additional 8,753 shares during the period. Dixon Mitchell Investment Counsel Inc. lifted its stake in Domino's Pizza by 4.0% in the fourth quarter. Dixon Mitchell Investment Counsel Inc. now owns 127,622 shares of the restaurant operator's stock valued at $53,571,000 after buying an additional 4,875 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. purchased a new stake in Domino's Pizza in the fourth quarter valued at approximately $41,701,000. Institutional investors and hedge funds own 94.63% of the company's stock.

Remove Ads

Insider Buying and Selling at Domino's Pizza

In other Domino's Pizza news, EVP Kelly E. Garcia sold 2,104 shares of the company's stock in a transaction dated 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 directly owns 5,699 shares in the company, valued at approximately $2,486,359.72. This represents a 26.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Reddy Sandeep sold 399 shares of Domino's Pizza stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $462.18, for a total transaction of $184,409.82. Following the sale, the executive vice president now owns 8,756 shares of the company's stock, valued at approximately $4,046,848.08. This trade represents a 4.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,996 shares of company stock worth $3,946,461. 0.83% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

DPZ has been the topic of a number of recent research reports. TD Cowen reaffirmed a "buy" rating and issued a $490.00 target price on shares of Domino's Pizza in a report on Monday, February 24th. Robert W. Baird dropped their price objective on shares of Domino's Pizza from $545.00 to $510.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 25th. Morgan Stanley decreased their target price on shares of Domino's Pizza from $510.00 to $496.00 and set an "overweight" rating for the company in a research note on Tuesday, January 21st. Argus lowered Domino's Pizza from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Finally, Benchmark reaffirmed a "buy" rating and set a $520.00 price objective on shares of Domino's Pizza in a research note on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $503.41.

Domino's Pizza Trading Down 4.2 %

Shares of DPZ stock traded down $19.57 during mid-day trading on Friday, reaching $444.21. The stock had a trading volume of 1,057,656 shares, compared to its average volume of 620,963. The company has a market cap of $15.24 billion, a P/E ratio of 27.29, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15. Domino's Pizza, Inc. has a 12-month low of $396.06 and a 12-month high of $542.75. The business has a 50-day simple moving average of $461.64 and a 200 day simple moving average of $443.04.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last posted its earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share for the quarter, missing the consensus estimate of $4.93 by ($0.04). Domino's Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The business had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.47 billion. During the same quarter last year, the business posted $4.48 earnings per share. The business's revenue was up 2.9% compared to the same quarter last year. Research analysts anticipate that Domino's Pizza, Inc. will post 16.74 EPS for the current year.

Domino's Pizza Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $1.74 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $6.96 dividend on an annualized basis and a yield of 1.57%. This is a positive change from Domino's Pizza's previous quarterly dividend of $1.51. Domino's Pizza's dividend payout ratio is presently 41.70%.

About Domino's Pizza

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.