Natixis Advisors LLC Lowers Holdings in Domino's Pizza, Inc. (NYSE:DPZ)

Natixis Advisors LLC cut its stake in Domino's Pizza, Inc. (NYSE:DPZ - Free Report) by 16.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,492 shares of the restaurant operator's stock after selling 3,071 shares during the quarter. Natixis Advisors LLC's holdings in Domino's Pizza were worth $6,664,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. Blue Trust Inc. increased its holdings in Domino's Pizza by 162.5% during 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 period. Central Pacific Bank Trust Division purchased a new position in shares of Domino's Pizza during the 3rd quarter valued at $30,000. Versant Capital Management Inc raised its position in shares of Domino's Pizza by 654.5% in the second quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator's stock worth $43,000 after buying an additional 72 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Domino's Pizza during the third quarter valued at $43,000. Finally, Crewe Advisors LLC boosted its stake in Domino's Pizza by 46.6% during the second quarter. Crewe Advisors LLC now owns 107 shares of the restaurant operator's stock valued at $55,000 after buying an additional 34 shares during the period. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DPZ has been the subject of a number of research analyst reports. BTIG Research dropped their price target on Domino's Pizza from $580.00 to $500.00 and set a "buy" rating for the company in a research report on Friday, October 11th. Benchmark reiterated a "buy" rating and set a $520.00 target price on shares of Domino's Pizza in a research report on Friday, October 11th. Loop Capital raised shares of Domino's Pizza from a "hold" rating to a "buy" rating and increased their price target for the stock from $419.00 to $559.00 in a report on Friday, November 8th. Morgan Stanley dropped their price objective on shares of Domino's Pizza from $520.00 to $510.00 and set an "overweight" rating for the company in a report on Friday, October 11th. Finally, Piper Sandler reduced their target price on Domino's Pizza from $436.00 to $429.00 and set a "neutral" rating on the stock in a research note on Monday, October 7th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Domino's Pizza currently has an average rating of "Moderate Buy" and a consensus price target of $494.38.

Domino's Pizza Stock Performance

DPZ opened at $452.81 on Friday. The stock's 50 day moving average price is $427.00 and its 200-day moving average price is $455.94. Domino's Pizza, Inc. has a 52-week low of $367.24 and a 52-week high of $542.75. The stock has a market capitalization of $15.64 billion, a PE ratio of 27.81, a price-to-earnings-growth ratio of 2.40 and a beta of 0.86.

Domino's Pizza (NYSE:DPZ - Get Free Report) last issued its quarterly earnings data on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.65 by $0.54. Domino's Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the previous year, the firm earned $4.18 EPS. The company's quarterly revenue was up 5.1% compared to the same quarter last year. Research analysts forecast that Domino's Pizza, Inc. will post 16.86 EPS for the current fiscal year.

Domino's Pizza Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a dividend of $1.51 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $6.04 annualized dividend and a yield of 1.33%. Domino's Pizza's payout ratio is 37.10%.

Insider Buying and Selling at Domino's Pizza

In other Domino's Pizza news, EVP Kevin Scott Morris sold 2,646 shares of the firm's stock in a transaction on Friday, November 15th. The stock was sold at an average price of $459.00, for a total transaction of $1,214,514.00. Following the completion of the transaction, the executive vice president now owns 1,966 shares of the company's stock, valued at approximately $902,394. This trade represents a 57.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Andrew Balson sold 6,970 shares of the company's stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $428.27, for a total transaction of $2,985,041.90. Following the completion of the sale, the director now directly owns 15,390 shares in the company, valued at $6,591,075.30. This represents a 31.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.76% of the company's stock.

Domino's Pizza 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.