Shelton Capital Management Sells 5,400 Shares of Domino's Pizza, Inc. (NASDAQ:DPZ)

Shelton Capital Management lessened its stake in shares of Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 72.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,105 shares of the restaurant operator's stock after selling 5,400 shares during the quarter. Shelton Capital Management's holdings in Domino's Pizza were worth $884,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sherman Asset Management Inc. acquired a new stake in shares of Domino's Pizza during the fourth quarter worth $25,000. Brown Brothers Harriman & Co. boosted its holdings in 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 grew its position in shares of 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. bought a new position in shares of Domino's Pizza during the fourth quarter worth approximately $42,000. Finally, Mountain Hill Investment Partners Corp. bought a new position in shares of Domino's Pizza during the fourth quarter worth approximately $55,000. Institutional investors own 94.63% of the company's stock.

Insiders Place Their Bets

In other news, CFO Reddy Sandeep sold 1,077 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $443.20, for a total transaction of $477,326.40. Following the transaction, the chief financial officer now directly owns 8,081 shares of the company's stock, valued at $3,581,499.20. This represents a 11.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 transaction of $2,366,792.00. Following the completion of the sale, the executive vice president now directly owns 793 shares of the company's stock, valued at approximately $346,541. The trade was a 87.23 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,996 shares of company stock worth $3,946,461. 0.83% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on DPZ shares. Benchmark restated a "buy" rating and set a $520.00 price objective on shares of Domino's Pizza in a research note on Tuesday, February 25th. Argus downgraded Domino's Pizza from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Oppenheimer upped their price objective on shares of Domino's Pizza from $490.00 to $495.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 7th. TD Cowen reissued a "buy" rating and issued a $490.00 target price on shares of Domino's Pizza in a report on Monday, February 24th. Finally, BMO Capital Markets upped 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. One research analyst has rated the stock with a sell rating, eight have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Domino's Pizza presently has a consensus rating of "Moderate Buy" and an average target price of $499.69.

Domino's Pizza Trading Down 1.7 %

DPZ stock traded down $8.06 during midday trading on Tuesday, hitting $467.81. The stock had a trading volume of 129,127 shares, compared to its average volume of 624,100. The firm has a market cap of $16.04 billion, a P/E ratio of 28.74, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15. The business has a fifty day moving average price of $462.37 and a two-hundred day moving average price of $444.88. Domino's Pizza, Inc. has a 1-year low of $396.06 and a 1-year high of $542.75.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced 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). Domino's Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same period in the prior year, the firm earned $4.48 earnings per share. The firm's revenue for the quarter was up 2.9% compared to the same quarter last year. On average, equities analysts anticipate that Domino's Pizza, Inc. will post 16.74 EPS for the current year.

Domino's Pizza Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors 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 annualized dividend and a yield of 1.49%. Domino's Pizza's dividend payout ratio is currently 41.70%.

About Domino's Pizza

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.