Domino's Pizza, Inc. (NASDAQ:DPZ) Stake Increased by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. increased its holdings in Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 19.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,873 shares of the restaurant operator's stock after acquiring an additional 2,719 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in Domino's Pizza were worth $7,083,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of DPZ. Principal Financial Group Inc. lifted its holdings in shares of Domino's Pizza by 1.3% in the 4th quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator's stock valued at $708,498,000 after buying an additional 21,705 shares during the period. Geode Capital Management LLC raised its stake in Domino's Pizza by 10.7% in the 4th quarter. Geode Capital Management LLC now owns 955,160 shares of the restaurant operator's stock valued at $403,203,000 after purchasing an additional 92,389 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Domino's Pizza by 46.0% in the fourth quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator's stock worth $255,649,000 after buying an additional 191,752 shares in the last quarter. Norges Bank acquired a new position in Domino's Pizza during the fourth quarter worth about $250,571,000. Finally, Envestnet Asset Management Inc. raised its holdings in Domino's Pizza by 1.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 369,307 shares of the restaurant operator's stock valued at $155,020,000 after acquiring an additional 5,840 shares during the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

Domino's Pizza Stock Up 1.0 %

NASDAQ DPZ traded up $4.49 during trading hours on Friday, hitting $466.74. The company had a trading volume of 403,761 shares, compared to its average volume of 627,692. Domino's Pizza, Inc. has a fifty-two week low of $396.06 and a fifty-two week high of $542.75. The firm has a market cap of $16.01 billion, a P/E ratio of 28.67, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15. The business has a fifty day simple moving average of $461.93 and a 200-day simple moving average of $445.82.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced 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). The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.47 billion. Domino's Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. 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 previous year, the business posted $4.48 EPS. Equities analysts forecast that Domino's Pizza, Inc. will post 16.74 EPS for the current fiscal year.

Domino's Pizza Increases Dividend

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

Analyst Ratings Changes

Several brokerages have recently weighed in on DPZ. Morgan Stanley lowered their target price on Domino's Pizza from $510.00 to $496.00 and set an "overweight" rating on the stock in a report on Tuesday, January 21st. Argus downgraded Domino's Pizza from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Stephens reiterated an "equal weight" rating and issued a $440.00 price objective on shares of Domino's Pizza in a research report on Wednesday, April 2nd. TD Securities reaffirmed a "buy" rating and issued a $490.00 price target on shares of Domino's Pizza in a research note on Monday, March 31st. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $500.00 target price on shares of Domino's Pizza in a research report on Tuesday, April 1st. One analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Domino's Pizza currently has an average rating of "Moderate Buy" and an average target price of $496.88.

Insider Activity at Domino's Pizza

In other news, EVP Kelly E. Garcia sold 2,104 shares of the business's 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 owns 5,699 shares of the company's stock, valued at approximately $2,486,359.72. The trade was a 26.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Reddy Sandeep sold 399 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $462.18, for a total value of $184,409.82. Following the transaction, the executive vice president now directly owns 8,756 shares of the company's stock, valued at $4,046,848.08. This 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 in the last 90 days. Corporate insiders own 0.83% of the company's stock.

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.