Migdal Insurance & Financial Holdings Ltd. Makes New $18.55 Million Investment in Domino’s Pizza, Inc. (NYSE:DPZ)

Migdal Insurance & Financial Holdings Ltd. acquired a new position in Domino’s Pizza, Inc. (NYSE:DPZ) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 45,000 shares of the restaurant operator’s stock, valued at approximately $18,550,000.

A number of other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Domino’s Pizza by 0.7% in the first quarter. Vanguard Group Inc. now owns 3,884,266 shares of the restaurant operator’s stock worth $1,580,935,000 after acquiring an additional 28,157 shares during the period. Principal Financial Group Inc. grew its stake in Domino’s Pizza by 4.2% during the 3rd quarter. Principal Financial Group Inc. now owns 1,704,241 shares of the restaurant operator’s stock valued at $645,549,000 after acquiring an additional 68,317 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in Domino’s Pizza by 23.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,616,607 shares of the restaurant operator’s stock valued at $559,993,000 after acquiring an additional 306,750 shares in the last quarter. State Street Corp grew its stake in Domino’s Pizza by 3.9% during the 2nd quarter. State Street Corp now owns 1,532,276 shares of the restaurant operator’s stock valued at $516,362,000 after acquiring an additional 56,942 shares in the last quarter. Finally, FMR LLC grew its stake in Domino’s Pizza by 16.0% during the 3rd quarter. FMR LLC now owns 1,428,765 shares of the restaurant operator’s stock valued at $541,202,000 after acquiring an additional 197,413 shares in the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on DPZ shares. Stephens reaffirmed an “equal weight” rating and set a $479.00 price objective on shares of Domino’s Pizza in a research note on Friday, April 12th. Stifel Nicolaus upped their price objective on shares of Domino’s Pizza from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. UBS Group increased their price target on shares of Domino’s Pizza from $526.00 to $570.00 and gave the company a “buy” rating in a research note on Tuesday. Citigroup increased their price target on shares of Domino’s Pizza from $458.00 to $505.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Finally, BMO Capital Markets increased their price target on shares of Domino’s Pizza from $475.00 to $535.00 and gave the company an “outperform” rating in a research note on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $460.90.

Domino’s Pizza Stock Performance

Domino’s Pizza stock traded down $4.02 during midday trading on Wednesday, hitting $482.63. 160,793 shares of the company’s stock were exchanged, compared to its average volume of 560,955. Domino’s Pizza, Inc. has a 12-month low of $285.84 and a 12-month high of $508.44. The stock has a market cap of $16.81 billion, a price-to-earnings ratio of 33.18, a price-to-earnings-growth ratio of 2.46 and a beta of 0.86. The firm’s 50 day simple moving average is $457.56 and its 200 day simple moving average is $412.51.

Domino’s Pizza (NYSE:DPZ) last released its earnings results on Monday, February 26th. The restaurant operator reported $4.48 EPS for the quarter, topping the consensus estimate of $4.38 by $0.10. Domino’s Pizza had a net margin of 11.59% and a negative return on equity of 12.56%. The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter last year, the business earned $4.43 EPS. The business’s revenue was up .8% on a year-over-year basis. On average, equities research analysts forecast that Domino’s Pizza, Inc. will post 15.76 EPS for the current fiscal year.

Domino’s Pizza Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a dividend of $1.51 per share. The ex-dividend date was Thursday, March 14th. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.21. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.25%. Domino’s Pizza’s payout ratio is 41.17%.

Insider Transactions at Domino’s Pizza

In related news, EVP Cynthia A. Headen sold 108 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total value of $53,468.64. Following the completion of the sale, the executive vice president now directly owns 3,910 shares in the company, valued at $1,935,762.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, EVP Cynthia A. Headen sold 768 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $451.52, for a total transaction of $346,767.36. Following the transaction, the executive vice president now directly owns 4,103 shares of the company’s stock, valued at $1,852,586.56. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Cynthia A. Headen sold 108 shares of the business’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $495.08, for a total transaction of $53,468.64. Following the transaction, the executive vice president now directly owns 3,910 shares in the company, valued at $1,935,762.80. The disclosure for this sale can be found here. Insiders own 0.81% of the company’s stock.

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.