Wells Fargo & Company MN Has $58.34 Million Holdings in Domino's Pizza, Inc. (NASDAQ:DPZ)

Wells Fargo & Company MN increased its holdings in Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 138,979 shares of the restaurant operator's stock after purchasing an additional 3,273 shares during the period. Wells Fargo & Company MN owned approximately 0.40% of Domino's Pizza worth $58,338,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Huntington National Bank boosted its holdings in shares of Domino's Pizza by 7.5% during the 4th quarter. Huntington National Bank now owns 475 shares of the restaurant operator's stock worth $199,000 after buying an additional 33 shares during the period. Trexquant Investment LP acquired a new stake in shares of Domino's Pizza in the fourth quarter valued at about $2,061,000. Geode Capital Management LLC increased its stake in shares of Domino's Pizza by 10.7% in the fourth quarter. Geode Capital Management LLC now owns 955,160 shares of the restaurant operator's stock worth $403,203,000 after purchasing an additional 92,389 shares during the period. National Bank of Canada FI lifted its position in shares of Domino's Pizza by 86.1% during the 4th quarter. National Bank of Canada FI now owns 36,124 shares of the restaurant operator's stock worth $15,163,000 after purchasing an additional 16,715 shares during the last quarter. Finally, HighPoint Advisor Group LLC grew its holdings in Domino's Pizza by 5.7% in the 4th quarter. HighPoint Advisor Group LLC now owns 651 shares of the restaurant operator's stock valued at $273,000 after buying an additional 35 shares during the last quarter. 94.63% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DPZ has been the subject of several research reports. Barclays increased their price objective on Domino's Pizza from $402.00 to $420.00 and gave the company an "underweight" rating in a research report on Tuesday, February 25th. Oppenheimer increased their price target on shares of Domino's Pizza from $490.00 to $495.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th. Royal Bank of Canada restated an "outperform" rating and set a $500.00 price objective on shares of Domino's Pizza in a report on Tuesday, April 1st. Loop Capital reduced their target price 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. Finally, Benchmark restated a "buy" rating and issued a $520.00 target price on shares of Domino's Pizza in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $499.69.

Domino's Pizza Stock Performance

DPZ traded up $9.17 during trading on Monday, reaching $471.34. 69,795 shares of the stock were exchanged, compared to its average volume of 624,015. The stock's 50 day moving average price is $461.95 and its two-hundred day moving average price is $444.55. The stock has a market cap of $16.17 billion, a P/E ratio of 28.95, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15. Domino's Pizza, Inc. has a twelve month low of $396.06 and a twelve month high of $542.75.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.47 billion. Domino's Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The company's revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the business earned $4.48 earnings per share. Equities research analysts predict that Domino's Pizza, Inc. will post 16.74 earnings per share for the current fiscal year.

Domino's Pizza Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a dividend of $1.74 per share. This represents a $6.96 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date was Friday, March 14th. This is a positive change from Domino's Pizza's previous quarterly dividend of $1.51. Domino's Pizza's dividend payout ratio (DPR) is 41.70%.

Insider Activity

In related news, EVP Kevin Scott Morris sold 5,416 shares of the company's stock in a transaction on 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 completion of the sale, the executive vice president now directly owns 793 shares in the company, valued at $346,541. This represents a 87.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Reddy Sandeep sold 399 shares of the business's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $462.18, for a total transaction of $184,409.82. Following the sale, the executive vice president now directly owns 8,756 shares in the company, valued at approximately $4,046,848.08. The trade was a 4.36 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 8,996 shares of company stock worth $3,946,461. 0.83% of the stock is currently owned by company 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.