Amundi Decreases Stake in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Amundi lessened its stake in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 3.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 61,549 shares of the restaurant operator’s stock after selling 2,117 shares during the quarter. Amundi owned about 0.18% of Domino’s Pizza worth $25,606,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Larson Financial Group LLC boosted its stake in shares of Domino’s Pizza by 2.8% during the 4th quarter. Larson Financial Group LLC now owns 1,017 shares of the restaurant operator’s stock valued at $427,000 after buying an additional 28 shares during the last quarter. E Fund Management Co. Ltd. purchased a new position in shares of Domino’s Pizza during the 4th quarter valued at approximately $477,000. HS Management Partners LLC boosted its stake in shares of Domino’s Pizza by 11.6% during the 4th quarter. HS Management Partners LLC now owns 96,140 shares of the restaurant operator’s stock valued at $40,356,000 after buying an additional 10,010 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Domino’s Pizza during the 4th quarter valued at approximately $32,592,000. Finally, Arizona State Retirement System boosted its stake in shares of Domino’s Pizza by 0.4% during the 4th quarter. Arizona State Retirement System now owns 10,031 shares of the restaurant operator’s stock valued at $4,211,000 after buying an additional 38 shares during the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Stock Performance

Shares of DPZ opened at $428.67 on Friday. The firm has a market capitalization of $14.70 billion, a price-to-earnings ratio of 26.33, a price-to-earnings-growth ratio of 2.47 and a beta of 1.06. Domino’s Pizza, Inc. has a one year low of $396.06 and a one year high of $542.75. The stock’s fifty day moving average is $450.77 and its 200-day moving average is $437.97.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings results on Monday, February 24th. The restaurant operator reported $4.89 EPS for the quarter, missing analysts’ consensus estimates of $4.93 by ($0.04). The business had revenue of $1.44 billion for 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%. Domino’s Pizza’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period last year, the business posted $4.48 earnings per share. 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 announced 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. The ex-dividend date of this dividend is Friday, March 14th. This represents a $6.96 annualized dividend and a yield of 1.62%. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.51. Domino’s Pizza’s dividend payout ratio (DPR) is currently 41.70%.

Insider Activity at Domino’s Pizza

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on DPZ shares. Morgan Stanley reduced their target price on Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Barclays increased their target price 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. TD Cowen reiterated a “buy” rating and set a $490.00 target price on shares of Domino’s Pizza in a research note on Monday, February 24th. Oppenheimer upped their price target on Domino’s Pizza from $490.00 to $495.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Finally, Stephens reissued an “equal weight” rating and set a $440.00 price target on shares of Domino’s Pizza in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $503.41.

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.