Pictet Asset Management Holding SA Decreases Stock Holdings in Domino's Pizza, Inc. (NASDAQ:DPZ)

Pictet Asset Management Holding SA lessened its holdings in Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,397 shares of the restaurant operator's stock after selling 793 shares during the period. Pictet Asset Management Holding SA owned about 0.06% of Domino's Pizza worth $8,982,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Norges Bank purchased a new position in Domino's Pizza during the fourth quarter valued at $250,571,000. Vaughan Nelson Investment Management L.P. purchased a new position in Domino's Pizza in the 4th quarter valued at about $41,701,000. Raymond James Financial Inc. acquired a new stake in Domino's Pizza in the 4th quarter worth about $32,592,000. Country Trust Bank acquired a new stake in Domino's Pizza in the 4th quarter worth about $29,424,000. Finally, Tidal Investments LLC increased its stake in Domino's Pizza by 737.1% during the 3rd quarter. Tidal Investments LLC now owns 57,441 shares of the restaurant operator's stock worth $24,708,000 after buying an additional 50,579 shares in the last quarter. Institutional investors and hedge funds own 94.63% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DPZ. TD Cowen reaffirmed a "buy" rating and issued a $490.00 price target on shares of Domino's Pizza in a research note on Monday, February 24th. Oppenheimer lifted their target price on shares of Domino's Pizza from $490.00 to $495.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. BMO Capital Markets increased their target price on shares of Domino's Pizza from $500.00 to $515.00 and gave the company an "outperform" rating in a research report on Tuesday, February 25th. Argus downgraded shares of Domino's Pizza from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Finally, Citigroup upped their price objective on shares of Domino's Pizza from $440.00 to $520.00 and gave the company a "neutral" rating in a research note on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Domino's Pizza has a consensus rating of "Moderate Buy" and a consensus price target of $503.04.

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Insider Transactions at Domino's Pizza

In other news, EVP Kelly E. Garcia sold 2,104 shares of the stock in a transaction 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 sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kevin Scott Morris sold 5,416 shares of Domino's Pizza stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $437.00, for a total value of $2,366,792.00. Following the completion of the transaction, the executive vice president now owns 793 shares of the company's stock, valued at approximately $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 quarter, insiders have 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 Price Performance

Shares of NASDAQ:DPZ traded down $7.64 during mid-day trading on Monday, reaching $436.57. 1,147,831 shares of the company were exchanged, compared to its average volume of 622,762. The firm has a market cap of $14.97 billion, a price-to-earnings ratio of 26.82, a P/E/G ratio of 2.47 and a beta of 1.15. Domino's Pizza, Inc. has a 1 year low of $396.06 and a 1 year high of $542.75. The firm's 50-day simple moving average is $461.75 and its 200 day simple moving average is $443.67.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its quarterly earnings results on Monday, February 24th. The restaurant operator reported $4.89 EPS 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 firm had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.47 billion. During the same quarter in the prior year, the business earned $4.48 earnings per share. The company's quarterly revenue was up 2.9% on a year-over-year basis. On average, research analysts forecast 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 declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a dividend of $1.74 per share. The ex-dividend date was Friday, March 14th. This is a positive change from Domino's Pizza's previous quarterly dividend of $1.51. This represents a $6.96 dividend on an annualized basis and a yield of 1.59%. Domino's Pizza's dividend payout ratio is 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.