Domino's Pizza, Inc. (NYSE:DPZ) Stock Holdings Lifted by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. grew its holdings in Domino's Pizza, Inc. (NYSE:DPZ - Free Report) by 12.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,912 shares of the restaurant operator's stock after acquiring an additional 1,699 shares during the period. Royal London Asset Management Ltd.'s holdings in Domino's Pizza were worth $6,414,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in DPZ. Berkshire Hathaway Inc acquired a new stake in Domino's Pizza during the 3rd quarter valued at $549,399,000. Charles Schwab Investment Management Inc. grew its holdings in Domino's Pizza by 1.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 229,099 shares of the restaurant operator's stock valued at $98,545,000 after purchasing an additional 2,201 shares in the last quarter. Commerce Bank grew its holdings in Domino's Pizza by 17.7% during the 3rd quarter. Commerce Bank now owns 9,354 shares of the restaurant operator's stock valued at $4,024,000 after purchasing an additional 1,404 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in Domino's Pizza by 866.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 49,846 shares of the restaurant operator's stock valued at $25,737,000 after purchasing an additional 44,688 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in Domino's Pizza by 130.2% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,387 shares of the restaurant operator's stock valued at $1,232,000 after purchasing an additional 1,350 shares in the last quarter. Hedge funds and other institutional investors own 94.63% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Bank of America lowered their price target on shares of Domino's Pizza from $582.00 to $557.00 and set a "buy" rating for the company in a report on Friday, October 11th. BTIG Research decreased their price objective on shares of Domino's Pizza from $580.00 to $500.00 and set a "buy" rating for the company in a report on Friday, October 11th. Piper Sandler decreased their price objective on shares of Domino's Pizza from $436.00 to $429.00 and set a "neutral" rating for the company in a report on Monday, October 7th. Evercore ISI decreased their price objective on shares of Domino's Pizza from $500.00 to $480.00 and set an "outperform" rating for the company in a report on Monday, October 7th. Finally, Loop Capital raised shares of Domino's Pizza from a "hold" rating to a "buy" rating and raised their price objective for the stock from $419.00 to $559.00 in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Domino's Pizza currently has a consensus rating of "Moderate Buy" and an average price target of $495.76.

Domino's Pizza Stock Performance

Shares of DPZ stock traded down $1.26 during midday trading on Monday, reaching $458.33. 350,192 shares of the company were exchanged, compared to its average volume of 604,725. Domino's Pizza, Inc. has a 12 month low of $392.61 and a 12 month high of $542.75. The company has a market cap of $15.83 billion, a P/E ratio of 28.23, a PEG ratio of 2.48 and a beta of 0.88. The company's 50 day moving average price is $436.83 and its two-hundred day moving average price is $451.84.

Domino's Pizza (NYSE:DPZ - Get Free Report) last released its quarterly earnings results on Thursday, October 10th. The restaurant operator reported $4.19 EPS for the quarter, topping analysts' consensus estimates of $3.65 by $0.54. Domino's Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the previous year, the firm earned $4.18 EPS. Domino's Pizza's revenue was up 5.1% on a year-over-year basis. As a group, sell-side analysts predict that Domino's Pizza, Inc. will post 16.82 earnings per share for the current year.

Domino's Pizza Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a dividend of $1.51 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.32%. Domino's Pizza's dividend payout ratio (DPR) is 37.10%.

Insiders Place Their Bets

In other news, EVP Kevin Scott Morris sold 2,646 shares of Domino's Pizza stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $459.00, for a total value of $1,214,514.00. Following the transaction, the executive vice president now owns 1,966 shares of the company's stock, valued at $902,394. The trade was a 57.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Andrew Balson sold 6,970 shares of Domino's Pizza stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $428.27, for a total transaction of $2,985,041.90. Following the completion of the transaction, the director now directly owns 15,390 shares in the company, valued at $6,591,075.30. This represents a 31.17 % decrease in their position. The disclosure for this sale can be found here. 0.81% of the stock is owned by insiders.

Domino's Pizza Company 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.