LPL Financial LLC Sells 713 Shares of Domino's Pizza, Inc. (NASDAQ:DPZ)

LPL Financial LLC reduced its position in shares of Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,662 shares of the restaurant operator's stock after selling 713 shares during the period. LPL Financial LLC owned about 0.11% of Domino's Pizza worth $16,229,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Principal Financial Group Inc. lifted its position in Domino's Pizza by 1.3% during the 4th quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator's stock worth $708,498,000 after buying an additional 21,705 shares in the last quarter. Bank of New York Mellon Corp raised its holdings 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 acquiring an additional 8,753 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. raised its holdings in Domino's Pizza by 4.0% during the fourth quarter. Dixon Mitchell Investment Counsel Inc. now owns 127,622 shares of the restaurant operator's stock worth $53,571,000 after acquiring an additional 4,875 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in Domino's Pizza during the fourth quarter valued at approximately $41,701,000. Finally, HS Management Partners LLC grew its stake in Domino's Pizza by 11.6% in the fourth quarter. HS Management Partners LLC now owns 96,140 shares of the restaurant operator's stock valued at $40,356,000 after purchasing an additional 10,010 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

DPZ has been the topic of a number of analyst reports. Wedbush reiterated an "outperform" rating and set a $500.00 price objective on shares of Domino's Pizza in a research note on Tuesday, February 25th. Barclays increased their price target on shares of Domino's Pizza from $402.00 to $420.00 and gave the company an "underweight" rating in a research note on Tuesday, February 25th. Robert W. Baird decreased their price objective on shares of Domino's Pizza from $545.00 to $510.00 and set an "outperform" rating for the company in a research report on Tuesday, February 25th. Morgan Stanley dropped their target price on shares of Domino's Pizza from $510.00 to $496.00 and set an "overweight" rating on the stock in a report on Tuesday, January 21st. Finally, Benchmark reiterated a "buy" rating and set a $520.00 price target on shares of Domino's Pizza in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Domino's Pizza presently has an average rating of "Moderate Buy" and an average target price of $503.41.

Domino's Pizza Stock Performance

Shares of Domino's Pizza stock traded down $19.57 on Friday, reaching $444.21. 1,057,656 shares of the stock were exchanged, compared to its average volume of 620,661. The firm has a market cap of $15.24 billion, a PE ratio of 27.29, a P/E/G ratio of 2.47 and a beta of 1.15. The firm's 50 day moving average is $461.64 and its 200-day moving average is $443.50. Domino's Pizza, Inc. has a one year low of $396.06 and a one year high of $542.75.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released 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 negative return on equity of 14.35% and a net margin of 12.26%. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the previous year, the company earned $4.48 earnings per share. The firm's revenue for the quarter was up 2.9% on a year-over-year basis. On average, equities research analysts expect that Domino's Pizza, Inc. will post 16.74 EPS for the current fiscal year.

Domino's Pizza Increases Dividend

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

Insiders Place Their Bets

In other Domino's Pizza news, EVP Kelly E. Garcia sold 2,104 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total transaction of $917,933.12. Following the sale, the executive vice president now owns 5,699 shares of the company's stock, valued at approximately $2,486,359.72. The trade was 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 the SEC website. Also, EVP Kevin Scott Morris sold 5,416 shares of the company's 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 of the company's stock, valued at $346,541. This trade represents a 87.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,996 shares of company stock valued at $3,946,461. 0.83% of the stock is currently owned by corporate insiders.

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.