National Pension Service Cuts Stock Holdings in Domino's Pizza, Inc. (NASDAQ:DPZ)

National Pension Service reduced its stake in Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 99.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 566 shares of the restaurant operator's stock after selling 57,474 shares during the quarter. National Pension Service's holdings in Domino's Pizza were worth $238,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. True Wealth Design LLC raised its position in shares of Domino's Pizza by 2,033.3% during the 3rd quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator's stock valued at $28,000 after buying an additional 61 shares during the period. Rakuten Securities Inc. increased its position in shares of Domino's Pizza by 195.6% during the 3rd quarter. Rakuten Securities Inc. now owns 133 shares of the restaurant operator's stock worth $57,000 after purchasing an additional 88 shares during the last quarter. Allworth Financial LP raised its stake in shares of Domino's Pizza by 37.6% in the 4th quarter. Allworth Financial LP now owns 150 shares of the restaurant operator's stock valued at $66,000 after acquiring an additional 41 shares during the period. Blue Trust Inc. lifted its stake in Domino's Pizza by 57.9% during the fourth quarter. Blue Trust Inc. now owns 199 shares of the restaurant operator's stock worth $86,000 after purchasing an additional 73 shares in the last quarter. Finally, ORG Wealth Partners LLC boosted its holdings in Domino's Pizza by 21.3% during the 4th quarter. ORG Wealth Partners LLC now owns 262 shares of the restaurant operator's stock valued at $110,000 after acquiring an additional 46 shares during the period. 94.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on DPZ. Benchmark restated a "buy" rating and issued a $520.00 price target on shares of Domino's Pizza in a research note on Tuesday, February 25th. Oppenheimer boosted their target price on Domino's Pizza from $490.00 to $495.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. TD Cowen reaffirmed a "buy" rating and issued a $490.00 price target on shares of Domino's Pizza in a research report on Monday, February 24th. Citigroup lifted their price objective on Domino's Pizza from $440.00 to $520.00 and gave the company a "neutral" rating in a research note on Wednesday, February 19th. Finally, Robert W. Baird reduced their target price on shares of Domino's Pizza from $545.00 to $510.00 and set an "outperform" rating on the stock in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Domino's Pizza currently has a consensus rating of "Moderate Buy" and a consensus price target of $503.41.

Domino's Pizza Trading Down 1.2 %

Shares of DPZ traded down $5.59 during mid-day trading on Wednesday, hitting $476.18. 660,552 shares of the company's stock were exchanged, compared to its average volume of 596,327. The firm has a market capitalization of $16.33 billion, a P/E ratio of 29.25, a P/E/G ratio of 2.47 and a beta of 1.06. Domino's Pizza, Inc. has a fifty-two week low of $396.06 and a fifty-two week high of $542.75. The business's 50 day moving average is $447.99 and its two-hundred day moving average is $437.05.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its quarterly earnings data on Monday, February 24th. The restaurant operator reported $4.89 EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.47 billion. During the same quarter in the previous year, the company posted $4.48 EPS. The firm's quarterly revenue was up 2.9% compared to the same quarter last year. On average, equities research analysts forecast that Domino's Pizza, Inc. will post 16.74 earnings per share for the current year.

Domino's Pizza Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $1.74 dividend. The ex-dividend date is Friday, March 14th. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.46%. This is a boost from Domino's Pizza's previous quarterly dividend of $1.51. Domino's Pizza's dividend payout ratio is currently 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.