Qtron Investments LLC Acquires New Stake in Domino's Pizza, Inc. (NASDAQ:DPZ)

Qtron Investments LLC acquired a new position in Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,188 shares of the restaurant operator's stock, valued at approximately $918,000.

A number of other hedge funds also recently bought and sold shares of DPZ. Rockefeller Capital Management L.P. boosted its stake in Domino's Pizza by 19.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 16,873 shares of the restaurant operator's stock worth $7,083,000 after purchasing an additional 2,719 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in Domino's Pizza by 6.1% during the fourth quarter. Sterling Capital Management LLC now owns 8,513 shares of the restaurant operator's stock valued at $3,573,000 after purchasing an additional 489 shares in the last quarter. Covestor Ltd lifted its holdings in Domino's Pizza by 158.1% in the 4th quarter. Covestor Ltd now owns 80 shares of the restaurant operator's stock valued at $34,000 after purchasing an additional 49 shares in the last quarter. Treasurer of the State of North Carolina boosted its stake in Domino's Pizza by 0.3% during the 4th quarter. Treasurer of the State of North Carolina now owns 15,685 shares of the restaurant operator's stock worth $6,584,000 after purchasing an additional 50 shares during the last quarter. Finally, Scotia Capital Inc. grew its stake in Domino's Pizza by 1.5% during the 4th quarter. Scotia Capital Inc. now owns 12,325 shares of the restaurant operator's stock valued at $5,174,000 after acquiring an additional 182 shares in the last quarter. Hedge funds and other institutional investors own 94.63% of the company's stock.

Insider Activity at Domino's Pizza

In other Domino's Pizza news, EVP Kelly E. Garcia sold 2,104 shares of the firm's stock in a transaction dated 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 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Reddy Sandeep sold 399 shares of the company's stock in a transaction dated 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 trade represents a 4.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,996 shares of company stock worth $3,946,461 over the last 90 days. Company insiders own 0.83% of the company's stock.

Domino's Pizza Trading Up 1.0 %

Shares of NASDAQ:DPZ traded up $4.49 during midday trading on Friday, hitting $466.74. The stock had a trading volume of 403,761 shares, compared to its average volume of 626,439. The company has a market capitalization of $16.01 billion, a PE ratio of 28.67, 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 stock has a 50 day moving average price of $462.08 and a two-hundred day moving average price of $445.42.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its earnings results 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). Domino's Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The business had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.47 billion. During the same period last year, the company posted $4.48 earnings per share. The business's quarterly revenue was up 2.9% on a year-over-year basis. As a group, equities analysts expect that Domino's Pizza, Inc. will post 16.74 EPS for the current year.

Domino's Pizza Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date was Friday, March 14th. This is an increase from Domino's Pizza's previous quarterly dividend of $1.51. Domino's Pizza's dividend payout ratio (DPR) is currently 41.70%.

Analyst Ratings Changes

DPZ has been the subject of a number of recent analyst reports. BMO Capital Markets raised their price target on shares of Domino's Pizza from $500.00 to $515.00 and gave the stock an "outperform" rating in a report on Tuesday, February 25th. Loop Capital decreased their price target on Domino's Pizza from $559.00 to $555.00 and set a "buy" rating on the stock in a research note on Tuesday, February 25th. TD Securities reissued a "buy" rating and set a $490.00 price objective on shares of Domino's Pizza in a research report on Monday, March 31st. Robert W. Baird decreased their target price 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. Finally, Barclays lifted their price target on shares of Domino's Pizza from $402.00 to $420.00 and gave the company an "underweight" rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $496.88.

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.