State Street Corp Sells 26,720 Shares of Domino's Pizza, Inc. (NYSE:DPZ)

State Street Corp trimmed its holdings in Domino's Pizza, Inc. (NYSE:DPZ - Free Report) by 1.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,428,854 shares of the restaurant operator's stock after selling 26,720 shares during the period. State Street Corp owned about 4.14% of Domino's Pizza worth $614,607,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in DPZ. Cetera Advisors LLC bought a new position in shares of Domino's Pizza in the first quarter valued at $581,000. Park Avenue Securities LLC lifted its stake in shares of Domino's Pizza by 33.7% in the second quarter. Park Avenue Securities LLC now owns 1,102 shares of the restaurant operator's stock valued at $569,000 after buying an additional 278 shares in the last quarter. CWM LLC lifted its stake in shares of Domino's Pizza by 47.6% in the second quarter. CWM LLC now owns 1,758 shares of the restaurant operator's stock valued at $907,000 after buying an additional 567 shares in the last quarter. QRG Capital Management Inc. bought a new position in shares of Domino's Pizza in the second quarter valued at $266,000. Finally, Gateway Investment Advisers LLC bought a new position in shares of Domino's Pizza in the second quarter valued at $426,000. 94.63% of the stock is owned by institutional investors.

Insider Activity at Domino's Pizza

In related news, Director Andrew Balson sold 6,970 shares of the business's stock in a transaction that occurred on Tuesday, October 15th. The shares were 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 owns 15,390 shares of the company's stock, valued at approximately $6,591,075.30. The trade was a 31.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kevin Scott Morris sold 2,646 shares of the business's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $459.00, for a total transaction of $1,214,514.00. Following the transaction, the executive vice president now directly owns 1,966 shares of the company's stock, valued at approximately $902,394. This represents a 57.37 % decrease in their position. The disclosure for this sale can be found here. 0.81% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

DPZ has been the topic of a number of recent research reports. Citigroup dropped their price target on shares of Domino's Pizza from $450.00 to $440.00 and set a "neutral" rating on the stock in a research report on Friday, October 11th. Barclays dropped their price target on shares of Domino's Pizza from $380.00 to $370.00 and set an "underweight" rating on the stock in a research report on Friday, October 11th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Domino's Pizza from $500.00 to $480.00 and set a "buy" rating on the stock in a research report on Friday, October 11th. Piper Sandler dropped their price target on shares of Domino's Pizza from $436.00 to $429.00 and set a "neutral" rating on the stock in a research report on Monday, October 7th. Finally, BMO Capital Markets dropped their price target 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 Friday, October 11th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $495.76.

Domino's Pizza Price Performance

Shares of DPZ traded down $1.85 during trading hours on Monday, hitting $457.74. The company's stock had a trading volume of 504,812 shares, compared to its average volume of 605,435. The company has a market cap of $15.81 billion, a price-to-earnings ratio of 28.23, a PEG ratio of 2.48 and a beta of 0.88. The business has a 50 day simple moving average of $436.83 and a two-hundred day simple moving average of $451.84. Domino's Pizza, Inc. has a 52-week low of $392.61 and a 52-week high of $542.75.

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

Domino's Pizza Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be paid a dividend of $1.51 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $6.04 annualized dividend and a yield of 1.32%. Domino's Pizza's dividend payout ratio is currently 37.10%.

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.