Ostrum Asset Management Takes $986,000 Position in Domino's Pizza, Inc. (NASDAQ:DPZ)

Ostrum Asset Management acquired a new position in Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,350 shares of the restaurant operator's stock, valued at approximately $986,000.

Other large investors also recently added to or reduced their stakes in the company. Sherman Asset Management Inc. bought a new position in shares of Domino's Pizza in the fourth quarter worth about $25,000. Brown Brothers Harriman & Co. increased its holdings in Domino's Pizza by 1,016.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator's stock worth $28,000 after acquiring an additional 61 shares in the last quarter. Covestor Ltd raised its stake in Domino's Pizza by 158.1% during the 4th quarter. Covestor Ltd now owns 80 shares of the restaurant operator's stock worth $34,000 after acquiring an additional 49 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Domino's Pizza by 40.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator's stock valued at $38,000 after purchasing an additional 26 shares in the last quarter. Finally, Lee Danner & Bass Inc. bought a new position in shares of Domino's Pizza in the fourth quarter worth approximately $42,000. 94.63% of the stock is currently owned by institutional investors.

Insider Transactions at Domino's Pizza

In other news, EVP Reddy Sandeep sold 399 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $462.18, for a total transaction of $184,409.82. Following the transaction, the executive vice president now directly 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Kelly E. Garcia sold 2,104 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $436.28, for a total value of $917,933.12. Following the completion of the transaction, the executive vice president now directly owns 5,699 shares in the company, valued at approximately $2,486,359.72. This trade represents a 26.96 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,996 shares of company stock worth $3,946,461. 0.83% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have recently commented on DPZ shares. Robert W. Baird decreased their price objective on shares of Domino's Pizza from $510.00 to $500.00 and set an "outperform" rating on the stock in a research report on Monday, April 7th. Wedbush reissued an "outperform" rating and set a $500.00 price target on shares of Domino's Pizza in a report on Tuesday, February 25th. Loop Capital dropped their price objective on Domino's Pizza from $559.00 to $555.00 and set a "buy" rating for the company in a research note on Tuesday, February 25th. Stephens reissued an "equal weight" rating and set a $440.00 target price on shares of Domino's Pizza in a research note on Wednesday, April 2nd. Finally, Oppenheimer boosted their price target on Domino's Pizza from $490.00 to $495.00 and gave the stock an "outperform" rating in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $496.88.

Domino's Pizza Trading Up 1.0 %

Shares of DPZ opened at $466.74 on Monday. Domino's Pizza, Inc. has a twelve month low of $396.06 and a twelve month high of $542.75. The company's fifty day simple moving average is $461.93 and its 200-day simple moving average is $445.99. The company has a market cap of $16.01 billion, a P/E ratio of 28.67, a P/E/G ratio of 2.47 and a beta of 1.15.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its quarterly earnings data on Monday, February 24th. The restaurant operator reported $4.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.93 by ($0.04). The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.47 billion. Domino's Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The firm's revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the previous year, the business earned $4.48 EPS. Analysts predict that Domino's Pizza, Inc. will post 16.74 earnings per share 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 paid a $1.74 dividend. This is a positive change from Domino's Pizza's previous quarterly dividend of $1.51. The ex-dividend date was Friday, March 14th. This represents a $6.96 dividend on an annualized basis and a yield of 1.49%. Domino's Pizza's dividend payout ratio (DPR) is presently 41.70%.

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.

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