Domino’s Pizza, Inc. (NASDAQ:DPZ) Shares Sold by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. cut its stake in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 3.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 731 shares of the restaurant operator’s stock after selling 23 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Domino’s Pizza were worth $307,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in DPZ. KG&L Capital Management LLC increased its holdings in shares of Domino’s Pizza by 1.4% in the 4th quarter. KG&L Capital Management LLC now owns 1,725 shares of the restaurant operator’s stock worth $724,000 after acquiring an additional 23 shares during the period. Oppenheimer & Co. Inc. increased its stake in shares of Domino’s Pizza by 2.0% in the fourth quarter. Oppenheimer & Co. Inc. now owns 1,157 shares of the restaurant operator’s stock valued at $486,000 after purchasing an additional 23 shares during the period. Greenleaf Trust raised its holdings in shares of Domino’s Pizza by 3.1% during the fourth quarter. Greenleaf Trust now owns 854 shares of the restaurant operator’s stock valued at $358,000 after buying an additional 26 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Domino’s Pizza by 40.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock worth $38,000 after buying an additional 26 shares during the period. Finally, Larson Financial Group LLC grew its holdings in Domino’s Pizza by 2.8% in the 4th quarter. Larson Financial Group LLC now owns 1,017 shares of the restaurant operator’s stock worth $427,000 after buying an additional 28 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DPZ has been the subject of a number of analyst reports. Wedbush reiterated an “outperform” rating and set a $500.00 price target on shares of Domino’s Pizza in a research report on Tuesday, February 25th. Loop Capital reduced their price objective on shares of Domino’s Pizza from $559.00 to $555.00 and set a “buy” rating for the company in a report on Tuesday, February 25th. Argus cut shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Benchmark reaffirmed a “buy” rating and issued a $520.00 price target on shares of Domino’s Pizza in a research note on Tuesday, February 25th. Finally, TD Cowen reiterated a “buy” rating and issued a $490.00 price objective on shares of Domino’s Pizza in a report on Monday, February 24th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $503.41.

Insiders Place Their Bets

In other news, EVP Kevin Scott Morris sold 5,416 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $346,541. This trade represents a 87.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Reddy Sandeep sold 1,077 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $443.20, for a total value of $477,326.40. Following the completion of the sale, the chief financial officer now directly owns 8,081 shares of the company’s stock, valued at approximately $3,581,499.20. The trade was a 11.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,597 shares of company stock worth $3,762,052 in the last quarter. 0.76% of the stock is currently owned by corporate insiders.

Domino’s Pizza Stock Down 5.1 %

DPZ opened at $447.12 on Friday. The firm has a market capitalization of $15.33 billion, a P/E ratio of 27.46, a PEG ratio of 2.47 and a beta of 1.06. The stock has a fifty day moving average of $459.46 and a 200-day moving average of $441.24. Domino’s Pizza, Inc. has a 12-month low of $396.06 and a 12-month high of $542.75.

Domino’s Pizza (NASDAQ:DPZ) last announced 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). Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same period in the prior year, the company posted $4.48 earnings per share. The firm’s revenue was up 2.9% on a year-over-year basis. On average, analysts expect 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 $1.74 dividend. This represents a $6.96 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend 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 is currently 41.70%.

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.