Wellington Management Group LLP Reduces Holdings in Domino's Pizza, Inc. (NYSE:DPZ)

Wellington Management Group LLP reduced its position in Domino's Pizza, Inc. (NYSE:DPZ - Free Report) by 20.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 438,013 shares of the restaurant operator's stock after selling 113,854 shares during the period. Wellington Management Group LLP owned about 1.27% of Domino's Pizza worth $188,407,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in DPZ. Berkshire Hathaway Inc purchased a new stake in Domino's Pizza during the 3rd quarter valued at $549,399,000. Charles Schwab Investment Management Inc. raised its stake in Domino's Pizza by 1.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 229,099 shares of the restaurant operator's stock valued at $98,545,000 after buying an additional 2,201 shares during the last quarter. Commerce Bank raised its stake in Domino's Pizza by 17.7% during the 3rd quarter. Commerce Bank now owns 9,354 shares of the restaurant operator's stock valued at $4,024,000 after buying an additional 1,404 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in Domino's Pizza by 866.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 49,846 shares of the restaurant operator's stock valued at $25,737,000 after buying an additional 44,688 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its stake in Domino's Pizza by 130.2% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,387 shares of the restaurant operator's stock valued at $1,232,000 after buying an additional 1,350 shares during the last quarter. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Benchmark reiterated a "buy" rating and set a $520.00 target price on shares of Domino's Pizza in a research note on Friday, October 11th. Loop Capital upgraded Domino's Pizza from a "hold" rating to a "buy" rating and upped their price objective for the stock from $419.00 to $559.00 in a research note on Friday, November 8th. Guggenheim reduced their price objective on Domino's Pizza from $485.00 to $460.00 and set a "neutral" rating for the company in a research note on Thursday, September 26th. BTIG Research dropped 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. Finally, JPMorgan Chase & Co. dropped their target price on shares of Domino's Pizza from $470.00 to $450.00 and set a "neutral" rating for the company in a report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Domino's Pizza presently has a consensus rating of "Moderate Buy" and an average price target of $495.76.

Insider Buying and Selling

In other Domino's Pizza news, EVP Kevin Scott Morris sold 2,646 shares of Domino's Pizza stock in a transaction on Friday, November 15th. The shares were sold at an average price of $459.00, for a total value 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. The trade was a 57.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andrew Balson sold 6,970 shares of the business's stock in a transaction 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 sale, the director now directly owns 15,390 shares in the company, valued at $6,591,075.30. This trade represents a 31.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by corporate insiders.

Domino's Pizza Price Performance

Shares of NYSE DPZ traded down $1.65 during mid-day trading on Monday, hitting $457.94. 504,946 shares of the company's stock traded hands, compared to its average volume of 605,435. The company's 50-day moving average is $436.83 and its two-hundred day moving average is $451.84. The company has a market capitalization of $15.81 billion, a P/E ratio of 28.23, a PEG ratio of 2.48 and a beta of 0.88. Domino's Pizza, Inc. has a 1 year low of $392.61 and a 1 year high of $542.75.

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

Domino's Pizza Dividend Announcement

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 given a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date is Friday, December 13th. Domino's Pizza's dividend payout ratio (DPR) is currently 37.10%.

Domino's Pizza 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.