Domino's Pizza, Inc. (NYSE:DPZ) Shares Sold by Vestcor Inc

Vestcor Inc cut its position in shares of Domino's Pizza, Inc. (NYSE:DPZ - Free Report) by 15.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,983 shares of the restaurant operator's stock after selling 1,870 shares during the period. Vestcor Inc's holdings in Domino's Pizza were worth $4,294,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Signaturefd LLC raised its holdings in shares of Domino's Pizza by 25.2% in the second quarter. Signaturefd LLC now owns 129 shares of the restaurant operator's stock valued at $67,000 after acquiring an additional 26 shares in the last quarter. Summit Trail Advisors LLC lifted its position in shares of Domino's Pizza by 5.0% in the 2nd quarter. Summit Trail Advisors LLC now owns 568 shares of the restaurant operator's stock worth $293,000 after purchasing an additional 27 shares during the period. Portside Wealth Group LLC boosted its stake in shares of Domino's Pizza by 6.5% during the second quarter. Portside Wealth Group LLC now owns 456 shares of the restaurant operator's stock valued at $235,000 after purchasing an additional 28 shares in the last quarter. Larson Financial Group LLC increased its holdings in Domino's Pizza by 4.6% during the second quarter. Larson Financial Group LLC now owns 663 shares of the restaurant operator's stock valued at $342,000 after buying an additional 29 shares during the period. Finally, Capital Insight Partners LLC increased its holdings in Domino's Pizza by 2.6% during the second quarter. Capital Insight Partners LLC now owns 1,205 shares of the restaurant operator's stock valued at $622,000 after buying an additional 30 shares during the period. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on DPZ shares. Benchmark reaffirmed a "buy" rating and set a $520.00 target price on shares of Domino's Pizza in a research report on Friday, October 11th. Morgan Stanley dropped their price objective on Domino's Pizza from $520.00 to $510.00 and set an "overweight" rating on the stock in a research report on Friday, October 11th. Loop Capital upgraded shares of Domino's Pizza from a "hold" rating to a "buy" rating and boosted their target price for the stock from $419.00 to $559.00 in a report on Friday, November 8th. Barclays decreased their price target on shares of Domino's Pizza from $380.00 to $370.00 and set an "underweight" rating for the company in a research report on Friday, October 11th. Finally, Robert W. Baird cut their price objective on shares of Domino's Pizza from $580.00 to $535.00 and set an "outperform" rating on the stock in a research report on Thursday, September 12th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Domino's Pizza has an average rating of "Moderate Buy" and a consensus target price of $495.76.

Domino's Pizza Stock Performance

NYSE DPZ traded up $3.33 during mid-day trading on Wednesday, reaching $457.49. 379,283 shares of the stock were exchanged, compared to its average volume of 604,002. The company has a market capitalization of $15.80 billion, a P/E ratio of 28.10, a P/E/G ratio of 2.48 and a beta of 0.88. The business's 50 day moving average is $438.54 and its 200-day moving average is $451.23. Domino's Pizza, Inc. has a 1 year low of $393.00 and a 1 year 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 EPS for the quarter, beating analysts' consensus estimates of $3.65 by $0.54. The firm had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.10 billion. Domino's Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The company's quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the firm earned $4.18 EPS. Equities analysts predict that Domino's Pizza, Inc. will post 16.82 earnings per share for the current fiscal year.

Domino's Pizza Dividend Announcement

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

Insider Transactions at Domino's Pizza

In other Domino's Pizza news, Director Andrew Balson sold 6,970 shares of the 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kevin Scott Morris sold 2,646 shares of Domino's Pizza stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $459.00, for a total value of $1,214,514.00. Following the completion of the sale, the executive vice president now directly owns 1,966 shares in the company, valued at $902,394. This represents a 57.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.76% of the company's stock.

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.