Prudential PLC Has $2.53 Million Stock Position in Domino's Pizza, Inc. (NASDAQ:DPZ)

Prudential PLC lowered its stake in shares of Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 16.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,017 shares of the restaurant operator's stock after selling 1,179 shares during the period. Prudential PLC's holdings in Domino's Pizza were worth $2,526,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Sherman Asset Management Inc. acquired a new position in Domino's Pizza in the fourth quarter valued at about $25,000. Brown Brothers Harriman & Co. grew its position in shares of 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 valued at $28,000 after purchasing an additional 61 shares during the period. EverSource Wealth Advisors LLC increased its stake in Domino's Pizza by 40.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator's stock worth $38,000 after purchasing an additional 26 shares in the last quarter. Lee Danner & Bass Inc. acquired a new stake in Domino's Pizza during the 4th quarter worth approximately $42,000. Finally, Mountain Hill Investment Partners Corp. acquired a new stake in Domino's Pizza during the 4th quarter worth approximately $55,000. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Reddy Sandeep sold 399 shares of the stock in a transaction 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 completion of the sale, the executive vice president now directly owns 8,756 shares in the company, valued at $4,046,848.08. This represents a 4.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Kelly E. Garcia sold 2,104 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total transaction of $917,933.12. Following the completion of the transaction, the executive vice president now owns 5,699 shares in the company, valued at approximately $2,486,359.72. The trade was a 26.96 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, 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 Trading Down 0.7 %

NASDAQ DPZ traded down $3.37 during trading on Friday, hitting $449.68. 182,313 shares of the company's stock were exchanged, compared to its average volume of 623,022. The company has a market cap of $15.42 billion, a PE ratio of 27.72, a P/E/G ratio of 2.47 and a beta of 1.15. Domino's Pizza, Inc. has a fifty-two week low of $396.06 and a fifty-two week high of $542.75. The stock's 50 day moving average price is $462.03 and its two-hundred day moving average price is $444.22.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its quarterly earnings data on Monday, February 24th. The restaurant operator reported $4.89 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.93 by ($0.04). The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.47 billion. Domino's Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. Domino's Pizza's revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.48 earnings per share. 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 company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a $1.74 dividend. The ex-dividend date was Friday, March 14th. This is an increase from Domino's Pizza's previous quarterly dividend of $1.51. This represents a $6.96 annualized dividend and a yield of 1.55%. Domino's Pizza's dividend payout ratio (DPR) is currently 41.70%.

Analysts Set New Price Targets

DPZ has been the subject of several research reports. Benchmark reissued a "buy" rating and set a $520.00 price objective on shares of Domino's Pizza in a research report on Tuesday, February 25th. TD Securities reiterated a "buy" rating and set a $490.00 target price on shares of Domino's Pizza in a report on Monday, March 31st. Wedbush restated an "outperform" rating and issued a $500.00 price target on shares of Domino's Pizza in a report on Tuesday, February 25th. Stephens reissued an "equal weight" rating and issued a $440.00 target price on shares of Domino's Pizza in a research report on Wednesday, April 2nd. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $500.00 price target on shares of Domino's Pizza in a research report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $501.56.

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.