Toronto Dominion Bank Purchases 2,161 Shares of Domino's Pizza, Inc. (NYSE:DPZ)

Toronto Dominion Bank raised its holdings in shares of Domino's Pizza, Inc. (NYSE:DPZ - Free Report) by 16.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,178 shares of the restaurant operator's stock after buying an additional 2,161 shares during the period. Toronto Dominion Bank's holdings in Domino's Pizza were worth $6,529,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. FMR LLC boosted its stake in shares of Domino's Pizza by 16.3% during the 3rd quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator's stock worth $941,936,000 after acquiring an additional 307,528 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Domino's Pizza by 1.4% during the third quarter. Principal Financial Group Inc. now owns 1,666,158 shares of the restaurant operator's stock valued at $716,681,000 after purchasing an additional 23,681 shares during the last quarter. Berkshire Hathaway Inc purchased a new stake in shares of Domino's Pizza during the third quarter valued at $549,399,000. Marshfield Associates boosted its position in shares of Domino's Pizza by 0.3% in the 2nd quarter. Marshfield Associates now owns 713,481 shares of the restaurant operator's stock valued at $368,392,000 after purchasing an additional 2,271 shares during the period. Finally, International Assets Investment Management LLC increased its stake in Domino's Pizza by 40,191.5% in the 3rd quarter. International Assets Investment Management LLC now owns 523,790 shares of the restaurant operator's stock worth $225,303,000 after purchasing an additional 522,490 shares in the last quarter. Institutional investors and hedge funds own 94.63% of the company's stock.

Insiders Place Their Bets

In other news, EVP Kevin Scott Morris sold 2,646 shares of the company's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $459.00, for a total transaction of $1,214,514.00. Following the completion of the transaction, the executive vice president now directly owns 1,966 shares in the company, valued at $902,394. The trade was a 57.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andrew Balson sold 6,970 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $428.27, for a total value of $2,985,041.90. Following the completion of the sale, the director now directly owns 15,390 shares of the company's stock, valued at $6,591,075.30. This represents a 31.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.76% of the company's stock.

Domino's Pizza Stock Performance

Shares of NYSE DPZ traded down $10.18 during mid-day trading on Friday, reaching $453.17. 501,195 shares of the company traded hands, compared to its average volume of 603,159. The company's fifty day moving average is $439.97 and its two-hundred day moving average is $450.16. Domino's Pizza, Inc. has a fifty-two week low of $395.08 and a fifty-two week high of $542.75. The stock has a market cap of $15.65 billion, a PE ratio of 27.84, a price-to-earnings-growth ratio of 2.47 and a beta of 0.88.

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

Domino's Pizza Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a $1.51 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $6.04 annualized dividend and a yield of 1.33%. Domino's Pizza's dividend payout ratio (DPR) is presently 37.10%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. BTIG Research decreased their target price 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. Morgan Stanley reduced their price target on shares of Domino's Pizza from $520.00 to $510.00 and set an "overweight" rating for the company in a research report on Friday, October 11th. Evercore ISI lowered their price objective on shares of Domino's Pizza from $500.00 to $480.00 and set an "outperform" rating on the stock in a research report on Monday, October 7th. Barclays cut their target price on shares of Domino's Pizza from $380.00 to $370.00 and set an "underweight" rating on the stock in a research note on Friday, October 11th. Finally, Guggenheim lowered their price target on Domino's Pizza from $485.00 to $460.00 and set a "neutral" rating on the stock in a report on Thursday, September 26th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Domino's Pizza presently has an average rating of "Moderate Buy" and a consensus target price of $495.76.

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.