Markel Group Inc. Raises Stock Holdings in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Markel Group Inc. increased its position in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 22.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,500 shares of the restaurant operator’s stock after acquiring an additional 1,000 shares during the period. Markel Group Inc.’s holdings in Domino’s Pizza were worth $2,309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC raised its stake in Domino’s Pizza by 16.3% in the 3rd quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock worth $941,936,000 after acquiring an additional 307,528 shares during the last quarter. Principal Financial Group Inc. raised its stake in Domino’s Pizza by 1.3% in the 4th quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator’s stock worth $708,498,000 after acquiring an additional 21,705 shares during the last quarter. Berkshire Hathaway Inc purchased a new position in shares of Domino’s Pizza during the 3rd quarter valued at about $549,399,000. Bank of New York Mellon Corp raised its stake in shares of Domino’s Pizza by 3.4% during the 4th quarter. Bank of New York Mellon Corp now owns 267,046 shares of the restaurant operator’s stock valued at $112,095,000 after buying an additional 8,753 shares during the last quarter. Finally, Champlain Investment Partners LLC purchased a new position in shares of Domino’s Pizza during the 3rd quarter valued at about $99,352,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Analysts Set New Price Targets

DPZ has been the subject of a number of recent research reports. Citigroup lifted their price objective on Domino’s Pizza from $440.00 to $520.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. TD Securities reiterated a “buy” rating and set a $490.00 price objective on shares of Domino’s Pizza in a research note on Monday, February 24th. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 price objective on shares of Domino’s Pizza in a research note on Thursday, February 20th. Barclays lifted their price objective on Domino’s Pizza from $402.00 to $420.00 and gave the company an “underweight” rating in a research note on Tuesday, February 25th. Finally, Robert W. Baird reduced their price objective on Domino’s Pizza from $545.00 to $510.00 and set an “outperform” rating for the company in a research note on Tuesday, February 25th. One investment 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $503.41.

Domino’s Pizza Trading Down 6.8 %

DPZ stock opened at $440.03 on Tuesday. Domino’s Pizza, Inc. has a 12-month low of $396.06 and a 12-month high of $542.75. The stock has a market cap of $15.09 billion, a price-to-earnings ratio of 27.03, a PEG ratio of 2.47 and a beta of 1.06. The business’s 50-day moving average is $450.17 and its 200 day moving average is $437.93.

Domino’s Pizza (NASDAQ:DPZ) last issued its earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share for the quarter, missing the consensus estimate of $4.93 by ($0.04). The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.47 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.48 earnings per share. As a group, equities analysts forecast that Domino’s Pizza, Inc. will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $1.74 per share. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.51. This represents a $6.96 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Friday, March 14th. Domino’s Pizza’s payout ratio is currently 41.70%.

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.