Fmr LLC Has $941.94 Million Position in Domino’s Pizza, Inc. (NYSE:DPZ)

Fmr LLC grew its holdings in Domino’s Pizza, Inc. (NYSE:DPZ) by 16.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,189,836 shares of the restaurant operator’s stock after purchasing an additional 307,528 shares during the quarter. Fmr LLC owned about 0.06% of Domino’s Pizza worth $941,936,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Janus Henderson Group PLC boosted its position in shares of Domino’s Pizza by 124.5% during the 1st quarter. Janus Henderson Group PLC now owns 11,184 shares of the restaurant operator’s stock worth $5,555,000 after purchasing an additional 6,202 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Domino’s Pizza in the 1st quarter worth about $263,000. California State Teachers Retirement System lifted its position in Domino’s Pizza by 0.6% in the 1st quarter. California State Teachers Retirement System now owns 57,362 shares of the restaurant operator’s stock valued at $28,502,000 after acquiring an additional 339 shares in the last quarter. Comerica Bank lifted its holdings in shares of Domino’s Pizza by 4.7% in the first quarter. Comerica Bank now owns 7,620 shares of the restaurant operator’s stock valued at $3,786,000 after purchasing an additional 344 shares in the last quarter. Finally, Plato Investment Management Ltd grew its holdings in Domino’s Pizza by 244.2% during the first quarter. Plato Investment Management Ltd now owns 358 shares of the restaurant operator’s stock worth $178,000 after buying an additional 254 shares in the last quarter. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Trading Down 0.1 %

Shares of NYSE:DPZ opened at $472.48 on Thursday. Domino’s Pizza, Inc. has a 12 month low of $383.05 and a 12 month high of $542.75. The stock has a market cap of $16.32 billion, a P/E ratio of 29.02, a P/E/G ratio of 2.52 and a beta of 0.86. The company has a 50 day moving average of $429.41 and a 200 day moving average of $454.42.

Domino’s Pizza (NYSE:DPZ) last released its quarterly 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. 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 during the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the business earned $4.18 EPS. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, equities analysts forecast that Domino’s Pizza, Inc. will post 16.86 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders 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 dividend yield of 1.28%. Domino’s Pizza’s payout ratio is currently 37.10%.

Insider Activity

In other news, Director Andrew Balson sold 6,970 shares of Domino’s Pizza 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 completion of the sale, the director now directly owns 15,390 shares of the company’s stock, valued at approximately $6,591,075.30. The trade was a 31.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Kevin Scott Morris sold 2,646 shares of the company’s stock in a transaction 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 owns 1,966 shares of the company’s stock, valued at $902,394. This trade 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.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DPZ. Piper Sandler dropped their price target on shares of Domino’s Pizza from $436.00 to $429.00 and set a “neutral” rating on the stock in a research report on Monday, October 7th. Wells Fargo & Company cut their target price on Domino’s Pizza from $450.00 to $420.00 and set an “equal weight” rating on the stock in a research note on Friday, October 11th. JPMorgan Chase & Co. decreased their price target on Domino’s Pizza from $470.00 to $450.00 and set a “neutral” rating for the company in a research report on Friday, October 11th. Citigroup cut their price objective on Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating on the stock in a research report on Friday, October 11th. Finally, Stephens reduced their price objective on Domino’s Pizza from $430.00 to $420.00 and set an “equal weight” rating for the company in a research note 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 given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average 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.