Wellington Management Group LLP Has $130.27 Million Stock Holdings in Domino's Pizza, Inc. (NASDAQ:DPZ)

Wellington Management Group LLP reduced its stake in Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 29.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 310,341 shares of the restaurant operator's stock after selling 127,672 shares during the period. Wellington Management Group LLP owned 0.90% of Domino's Pizza worth $130,269,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in DPZ. Janney Montgomery Scott LLC increased its holdings in shares of Domino's Pizza by 278.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 11,060 shares of the restaurant operator's stock valued at $4,643,000 after buying an additional 8,136 shares in the last quarter. Empowered Funds LLC raised its position in shares of Domino's Pizza by 44.6% during the fourth quarter. Empowered Funds LLC now owns 5,713 shares of the restaurant operator's stock worth $2,398,000 after purchasing an additional 1,762 shares during the period. Alta Capital Management LLC lifted its holdings in shares of Domino's Pizza by 20.5% during the fourth quarter. Alta Capital Management LLC now owns 7,144 shares of the restaurant operator's stock valued at $2,999,000 after purchasing an additional 1,214 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Domino's Pizza by 1.3% in the 4th quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator's stock valued at $708,498,000 after purchasing an additional 21,705 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Domino's Pizza in the 4th quarter valued at $282,000. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Domino's Pizza Price Performance

Shares of NASDAQ DPZ traded up $7.70 during trading hours on Tuesday, hitting $444.27. 215,211 shares of the stock were exchanged, compared to its average volume of 620,641. The firm has a market capitalization of $15.24 billion, a P/E ratio of 27.34, a P/E/G ratio of 2.47 and a beta of 1.15. Domino's Pizza, Inc. has a one year low of $396.06 and a one year high of $542.75. The company's 50 day moving average is $461.75 and its 200 day moving average is $443.67.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its quarterly earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.93 by ($0.04). The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.47 billion. Domino's Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The company's revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the prior year, the business posted $4.48 earnings per share. Research analysts anticipate that Domino's Pizza, Inc. will post 16.74 earnings per share for the current fiscal year.

Domino's Pizza Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a $1.74 dividend. This is an increase from Domino's Pizza's previous quarterly dividend of $1.51. This represents a $6.96 annualized dividend and a yield of 1.57%. The ex-dividend date was Friday, March 14th. Domino's Pizza's payout ratio is currently 41.70%.

Analyst Upgrades and Downgrades

DPZ has been the subject of a number of analyst reports. Loop Capital reduced their price objective on shares of Domino's Pizza from $559.00 to $555.00 and set a "buy" rating for the company in a research note on Tuesday, February 25th. TD Cowen reiterated a "buy" rating and set a $490.00 price target on shares of Domino's Pizza in a report on Monday, February 24th. Robert W. Baird reduced their price objective on Domino's Pizza from $510.00 to $500.00 and set an "outperform" rating for the company in a research note on Monday. Royal Bank of Canada reaffirmed an "outperform" rating and set a $500.00 target price on shares of Domino's Pizza in a research note on Tuesday, April 1st. Finally, Citigroup increased their price target on shares of Domino's Pizza from $440.00 to $520.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $503.04.

Insider Transactions at Domino's Pizza

In related news, EVP Kevin Scott Morris sold 5,416 shares of the business's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $437.00, for a total transaction of $2,366,792.00. Following the transaction, the executive vice president now directly owns 793 shares in the company, valued at $346,541. The trade was a 87.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Reddy Sandeep sold 1,077 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $443.20, for a total value of $477,326.40. Following the completion of the transaction, the chief financial officer now directly owns 8,081 shares of the company's stock, valued at approximately $3,581,499.20. This trade represents a 11.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,996 shares of company stock worth $3,946,461 over the last three months. 0.83% of the stock is currently owned by insiders.

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.