Domino’s Pizza, Inc. (NASDAQ:DPZ) Shares Sold by Vestcor Inc

Vestcor Inc lowered its stake in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) by 23.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,682 shares of the restaurant operator’s stock after selling 2,301 shares during the period. Vestcor Inc’s holdings in Domino’s Pizza were worth $3,225,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Sherman Asset Management Inc. purchased a new position in shares of Domino’s Pizza in the 4th quarter worth about $25,000. True Wealth Design LLC boosted its position in Domino’s Pizza by 2,033.3% during the 3rd quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 61 shares during the period. EverSource Wealth Advisors LLC raised its stake in Domino’s Pizza by 40.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock valued at $38,000 after acquiring an additional 26 shares in the last quarter. Private Trust Co. NA raised its stake in Domino’s Pizza by 34.3% during the 4th quarter. Private Trust Co. NA now owns 145 shares of the restaurant operator’s stock valued at $61,000 after acquiring an additional 37 shares in the last quarter. Finally, Allworth Financial LP raised its stake in Domino’s Pizza by 37.6% during the 4th quarter. Allworth Financial LP now owns 150 shares of the restaurant operator’s stock valued at $66,000 after acquiring an additional 41 shares in the last quarter. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DPZ has been the topic of a number of research reports. Morgan Stanley dropped their price objective on Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Oppenheimer lifted their target price on Domino’s Pizza from $490.00 to $495.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. BMO Capital Markets lifted their price target on Domino’s Pizza from $500.00 to $515.00 and gave the company an “outperform” rating in a report on Tuesday, February 25th. Benchmark reiterated a “buy” rating and set a $520.00 price target on shares of Domino’s Pizza in a report on Tuesday, February 25th. Finally, Wedbush restated an “outperform” rating and issued a $500.00 target price on shares of Domino’s Pizza in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $503.41.

Insider Activity at Domino’s Pizza

In other news, CFO Reddy Sandeep sold 1,077 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $443.20, for a total value of $477,326.40. Following the sale, the chief financial officer now directly owns 8,081 shares in the company, valued at approximately $3,581,499.20. This represents a 11.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Kelly E. Garcia sold 2,104 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total value of $917,933.12. Following the completion of the sale, the executive vice president now owns 5,699 shares in the company, valued at approximately $2,486,359.72. This represents a 26.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.76% of the company’s stock.

Domino’s Pizza Stock Performance

NASDAQ DPZ opened at $428.67 on Friday. Domino’s Pizza, Inc. has a twelve month low of $396.06 and a twelve month high of $542.75. The stock has a market capitalization of $14.70 billion, a PE ratio of 26.33, a P/E/G ratio of 2.47 and a beta of 1.06. The stock has a 50-day simple moving average of $450.77 and a 200 day simple moving average of $437.97.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings data 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). 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 for the quarter, compared to analyst estimates of $1.47 billion. During the same period in the prior year, the firm posted $4.48 EPS. Domino’s Pizza’s revenue for the quarter was up 2.9% on a year-over-year basis. As a group, equities research analysts forecast that Domino’s Pizza, Inc. will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a dividend of $1.74 per share. This represents a $6.96 annualized dividend and a yield of 1.62%. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.51. The ex-dividend date of this dividend is Friday, March 14th. Domino’s Pizza’s payout ratio is currently 41.70%.

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.