Moran Wealth Management LLC Raises Holdings in Domino’s Pizza, Inc. (NYSE:DPZ)

Moran Wealth Management LLC increased its position in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 34.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,777 shares of the restaurant operator’s stock after acquiring an additional 452 shares during the quarter. Moran Wealth Management LLC’s holdings in Domino’s Pizza were worth $764,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of DPZ. Moors & Cabot Inc. acquired a new stake in shares of Domino’s Pizza during the 3rd quarter valued at about $204,000. First Horizon Advisors Inc. boosted its holdings in Domino’s Pizza by 10.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 429 shares of the restaurant operator’s stock valued at $185,000 after purchasing an additional 40 shares during the last quarter. Jennison Associates LLC raised its holdings in Domino’s Pizza by 75.3% in the 3rd quarter. Jennison Associates LLC now owns 214,473 shares of the restaurant operator’s stock valued at $92,253,000 after buying an additional 92,137 shares during the period. Commerce Bank lifted 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 worth $4,024,000 after acquiring an additional 1,404 shares in the last quarter. Finally, Strategy Asset Managers LLC acquired a new stake in Domino’s Pizza in the 3rd quarter valued at about $357,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on DPZ. JPMorgan Chase & Co. dropped their price objective on shares of Domino’s Pizza from $470.00 to $450.00 and set a “neutral” rating on the stock in a research note on Friday, October 11th. BTIG Research dropped their price target on Domino’s Pizza from $580.00 to $500.00 and set a “buy” rating for the company in a research report on Friday, October 11th. Barclays cut their price objective on shares of Domino’s Pizza from $380.00 to $370.00 and set an “underweight” rating on the stock in a report on Friday, October 11th. Morgan Stanley reduced their target price on shares of Domino’s Pizza from $520.00 to $510.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. Finally, Citigroup lowered their target price on shares of Domino’s Pizza from $450.00 to $440.00 and set a “neutral” 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 given a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Domino’s Pizza currently has an average rating of “Moderate Buy” and an average target price of $494.38.

Insider Buying and Selling

In other Domino’s Pizza news, EVP Kevin Scott Morris sold 2,646 shares of the firm’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 transaction, the executive vice president now owns 1,966 shares in the company, valued at $902,394. This trade represents a 57.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andrew Balson sold 6,970 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was 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 of the company’s stock, valued at $6,591,075.30. This represents a 31.17 % decrease in their position. The disclosure for this sale can be found here. 0.76% of the stock is owned by corporate insiders.

Domino’s Pizza Trading Up 1.7 %

Shares of Domino’s Pizza stock opened at $446.48 on Friday. The company’s fifty day simple moving average is $425.99 and its 200-day simple moving average is $456.43. Domino’s Pizza, Inc. has a 1 year low of $367.24 and a 1 year high of $542.75. The company has a market cap of $15.42 billion, a price-to-earnings ratio of 27.43, a PEG ratio of 2.37 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last announced its earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the prior year, the business earned $4.18 earnings per share. Domino’s Pizza’s quarterly revenue was up 5.1% on a year-over-year basis. As a group, research analysts forecast that Domino’s Pizza, Inc. will post 16.86 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be paid a $1.51 dividend. The ex-dividend date is Friday, December 13th. This represents a $6.04 annualized dividend and a dividend yield of 1.35%. Domino’s Pizza’s dividend payout ratio is presently 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.