Domino’s Pizza, Inc. (NASDAQ:DPZ) Shares Purchased by 2Xideas AG

2Xideas AG lifted its position in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) by 96.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,188 shares of the restaurant operator’s stock after purchasing an additional 14,303 shares during the period. Domino’s Pizza comprises 1.6% of 2Xideas AG’s portfolio, making the stock its 24th largest position. 2Xideas AG owned 0.08% of Domino’s Pizza worth $12,252,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Domino’s Pizza in the 4th quarter valued at about $250,571,000. Vaughan Nelson Investment Management L.P. bought a new position in Domino’s Pizza in the fourth quarter worth about $41,701,000. Geode Capital Management LLC boosted its stake in Domino’s Pizza by 10.7% in the fourth quarter. Geode Capital Management LLC now owns 955,160 shares of the restaurant operator’s stock valued at $403,203,000 after acquiring an additional 92,389 shares during the period. Raymond James Financial Inc. bought a new position in shares of Domino’s Pizza during the fourth quarter valued at approximately $32,592,000. Finally, Country Trust Bank acquired a new stake in shares of Domino’s Pizza during the 4th quarter worth approximately $29,424,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Stock Down 4.2 %

Shares of DPZ opened at $444.21 on Friday. The company has a 50 day moving average of $461.64 and a 200-day moving average of $443.26. The stock has a market capitalization of $15.24 billion, a P/E ratio of 27.29, a P/E/G ratio of 2.47 and a beta of 1.15. Domino’s Pizza, Inc. has a twelve month low of $396.06 and a twelve month high of $542.75.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings data on Monday, February 24th. The restaurant operator reported $4.89 EPS for the quarter, missing the consensus estimate of $4.93 by ($0.04). The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.47 billion. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $4.48 EPS. On average, sell-side analysts anticipate that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.51. Domino’s Pizza’s dividend payout ratio (DPR) is 41.70%.

Insider Transactions at Domino’s Pizza

In other Domino’s Pizza news, EVP Reddy Sandeep sold 399 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $462.18, for a total transaction of $184,409.82. Following the transaction, the executive vice president now owns 8,756 shares in the company, valued at $4,046,848.08. This represents a 4.36 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Kelly E. Garcia sold 2,104 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $436.28, for a total value of $917,933.12. Following the transaction, the executive vice president now owns 5,699 shares in the company, valued at approximately $2,486,359.72. This trade represents a 26.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,996 shares of company stock worth $3,946,461 in the last ninety days. Insiders own 0.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 price target on shares of Domino’s Pizza in a research note on Tuesday, April 1st. BMO Capital Markets raised their target price on Domino’s Pizza from $500.00 to $515.00 and gave the company an “outperform” rating in a research report on Tuesday, February 25th. TD Cowen reiterated a “buy” rating and set a $490.00 price target on shares of Domino’s Pizza in a research report on Monday, February 24th. Wedbush reissued an “outperform” rating and set a $500.00 price target on shares of Domino’s Pizza in a report on Tuesday, February 25th. Finally, Loop Capital cut their price objective on shares of Domino’s Pizza from $559.00 to $555.00 and set a “buy” rating on the stock in a research note on Tuesday, February 25th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $503.41.

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.