Dixon Mitchell Investment Counsel Inc. Has $52.88 Million Stake in Domino's Pizza, Inc. (NYSE:DPZ)

Dixon Mitchell Investment Counsel Inc. increased its holdings in Domino's Pizza, Inc. (NYSE:DPZ - Free Report) by 159.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 122,747 shares of the restaurant operator's stock after purchasing an additional 75,510 shares during the period. Domino's Pizza makes up 2.4% of Dixon Mitchell Investment Counsel Inc.'s investment portfolio, making the stock its 17th biggest holding. Dixon Mitchell Investment Counsel Inc. owned 0.35% of Domino's Pizza worth $52,883,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of DPZ. HighPoint Advisor Group LLC bought a new stake in Domino's Pizza in the fourth quarter worth $259,000. GAMMA Investing LLC lifted its position in shares of Domino's Pizza by 53.0% during the 1st quarter. GAMMA Investing LLC now owns 280 shares of the restaurant operator's stock worth $139,000 after purchasing an additional 97 shares during the last quarter. Alaska Permanent Fund Corp bought a new stake in Domino's Pizza during the 1st quarter valued at approximately $90,000. Czech National Bank grew its holdings in Domino's Pizza by 0.4% in the 1st quarter. Czech National Bank now owns 6,137 shares of the restaurant operator's stock valued at $3,049,000 after buying an additional 27 shares during the last quarter. Finally, Banque Cantonale Vaudoise increased its position in Domino's Pizza by 86.7% in the 1st quarter. Banque Cantonale Vaudoise now owns 2,968 shares of the restaurant operator's stock worth $1,475,000 after buying an additional 1,378 shares during the period. 94.63% of the stock is currently owned by institutional investors.

Domino's Pizza Price Performance

Shares of DPZ stock traded down $0.53 during trading hours on Friday, hitting $428.85. 380,750 shares of the company's stock were exchanged, compared to its average volume of 614,007. The stock's 50-day moving average is $421.23 and its 200-day moving average is $467.13. The stock has a market cap of $14.96 billion, a price-to-earnings ratio of 27.99, a price-to-earnings-growth ratio of 2.23 and a beta of 0.86. Domino's Pizza, Inc. has a 52 week low of $332.13 and a 52 week high of $542.75.

Domino's Pizza (NYSE:DPZ - Get Free Report) last announced its earnings results on Thursday, October 10th. The restaurant operator reported $4.19 EPS for the quarter, topping the consensus estimate of $3.65 by $0.54. The company had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.10 billion. Domino's Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. The business's revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.18 earnings per share. Equities research analysts forecast that Domino's Pizza, Inc. will post 16.24 earnings per share for the current fiscal year.

Domino's Pizza Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend is Friday, December 13th. Domino's Pizza's dividend payout ratio (DPR) is presently 39.43%.

Insider Activity

In other news, Director Andrew Balson sold 6,970 shares of the company's stock in a transaction on 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 transaction, the director now owns 15,390 shares of the company's stock, valued at $6,591,075.30. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.76% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on DPZ shares. Bank of America reduced their price objective on Domino's Pizza from $582.00 to $557.00 and set a "buy" rating for the company in a research report on Friday, October 11th. TD Cowen restated a "buy" rating and issued a $475.00 price target on shares of Domino's Pizza in a research report on Friday, October 11th. BTIG Research cut their price objective on shares of 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. Royal Bank of Canada reduced their target price on shares of Domino's Pizza from $500.00 to $490.00 and set an "outperform" rating for the company in a research note on Friday, October 11th. Finally, Wells Fargo & Company lowered their price target on Domino's Pizza from $450.00 to $420.00 and set an "equal weight" rating on the stock in a research note on Friday, October 11th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $489.55.

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.