Domino’s Pizza Inc $DPZ Shares Sold by Legal & General Group Plc

Legal & General Group Plc cut its holdings in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 25.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 149,504 shares of the restaurant operator’s stock after selling 50,351 shares during the period. Legal & General Group Plc’s holdings in Domino’s Pizza were worth $62,316,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Berkshire Hathaway Inc grew its position in shares of Domino’s Pizza by 13.2% during the 3rd quarter. Berkshire Hathaway Inc now owns 2,981,945 shares of the restaurant operator’s stock valued at $1,287,335,000 after acquiring an additional 348,077 shares during the period. Marshfield Associates grew its position in shares of Domino’s Pizza by 4.0% during the 3rd quarter. Marshfield Associates now owns 744,515 shares of the restaurant operator’s stock valued at $321,415,000 after acquiring an additional 28,765 shares during the period. Principal Financial Group Inc. grew its position in shares of Domino’s Pizza by 1.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,762,568 shares of the restaurant operator’s stock valued at $760,939,000 after acquiring an additional 30,647 shares during the period. Mediolanum International Funds Ltd grew its position in shares of Domino’s Pizza by 209.6% during the 3rd quarter. Mediolanum International Funds Ltd now owns 4,155 shares of the restaurant operator’s stock valued at $1,805,000 after acquiring an additional 2,813 shares during the period. Finally, Machina Capital S.A.S. acquired a new stake in shares of Domino’s Pizza during the 3rd quarter valued at about $1,557,000. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Domino’s Pizza Trading Up 0.1%

DPZ stock opened at $310.56 on Friday. Domino’s Pizza Inc has a 12-month low of $297.48 and a 12-month high of $496.00. The stock has a market cap of $10.33 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 1.44 and a beta of 1.02. The business’s 50-day moving average is $344.86 and its 200 day moving average is $386.02.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings data on Monday, April 27th. The restaurant operator reported $4.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.29 by ($0.16). Domino’s Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.The firm had revenue of $1.15 billion during the quarter. During the same quarter last year, the firm posted $4.33 EPS. The company’s revenue was up 3.5% compared to the same quarter last year. As a group, equities analysts forecast that Domino’s Pizza Inc will post 19.14 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $1.99 dividend. This represents a $7.96 annualized dividend and a yield of 2.6%. The ex-dividend date is Monday, June 15th. Domino’s Pizza’s payout ratio is presently 45.83%.

Insiders Place Their Bets

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 488 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $313.16, for a total value of $152,822.08. Following the transaction, the executive vice president directly owned 9,352 shares of the company’s stock, valued at $2,928,672.32. This trade represents a 4.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.89% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DPZ. UBS Group dropped their target price on Domino’s Pizza from $480.00 to $425.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. Jefferies Financial Group dropped their target price on Domino’s Pizza from $400.00 to $350.00 and set a “hold” rating on the stock in a research report on Tuesday, April 28th. Barclays dropped their target price on Domino’s Pizza from $370.00 to $315.00 and set an “underweight” rating on the stock in a research report on Monday, April 27th. Benchmark lowered their price objective on Domino’s Pizza from $465.00 to $430.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Domino’s Pizza from $480.00 to $435.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. Seventeen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $418.13.

About Domino’s Pizza

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.