Chevy Chase Trust Holdings LLC Reduces Stock Position in Domino’s Pizza, Inc. (NYSE:DPZ)

Chevy Chase Trust Holdings LLC lessened its stake in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 0.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,312 shares of the restaurant operator’s stock after selling 173 shares during the quarter. Chevy Chase Trust Holdings LLC owned about 0.06% of Domino’s Pizza worth $9,596,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Ameriprise Financial Inc. lifted its stake in shares of Domino’s Pizza by 5.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 134,784 shares of the restaurant operator’s stock worth $51,056,000 after purchasing an additional 6,807 shares during the period. Royal London Asset Management Ltd. lifted its stake in shares of Domino’s Pizza by 2.1% in the 3rd quarter. Royal London Asset Management Ltd. now owns 13,317 shares of the restaurant operator’s stock worth $5,045,000 after purchasing an additional 279 shares during the period. Townsquare Capital LLC lifted its stake in shares of Domino’s Pizza by 12.1% in the 3rd quarter. Townsquare Capital LLC now owns 4,999 shares of the restaurant operator’s stock worth $1,894,000 after purchasing an additional 540 shares during the period. Deutsche Bank AG lifted its stake in shares of Domino’s Pizza by 41.2% in the 3rd quarter. Deutsche Bank AG now owns 112,487 shares of the restaurant operator’s stock worth $42,609,000 after purchasing an additional 32,797 shares during the period. Finally, VisionPoint Advisory Group LLC lifted its stake in shares of Domino’s Pizza by 27.9% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 307 shares of the restaurant operator’s stock worth $116,000 after purchasing an additional 67 shares during the period. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Insider Activity

In other Domino’s Pizza news, EVP Cynthia A. Headen sold 745 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $530.30, for a total value of $395,073.50. Following the completion of the transaction, the executive vice president now directly owns 3,910 shares in the company, valued at $2,073,473. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Cynthia A. Headen sold 745 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $530.30, for a total transaction of $395,073.50. Following the sale, the executive vice president now owns 3,910 shares in the company, valued at $2,073,473. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Russell J. Weiner sold 11,780 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $526.37, for a total value of $6,200,638.60. Following the sale, the chief executive officer now owns 32,001 shares in the company, valued at approximately $16,844,366.37. The disclosure for this sale can be found here. Insiders own 0.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. BMO Capital Markets increased their price objective on shares of Domino’s Pizza from $535.00 to $575.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 30th. Jefferies Financial Group raised their target price on shares of Domino’s Pizza from $455.00 to $480.00 and gave the stock a “hold” rating in a research note on Tuesday, April 16th. Loop Capital restated a “hold” rating and set a $507.00 target price on shares of Domino’s Pizza in a research note on Wednesday. HSBC raised their target price on shares of Domino’s Pizza from $507.00 to $583.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. Finally, Stifel Nicolaus raised their target price on shares of Domino’s Pizza from $500.00 to $550.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $531.66.

Domino’s Pizza Stock Performance

NYSE DPZ traded down $4.14 on Wednesday, hitting $473.69. 315,132 shares of the stock were exchanged, compared to its average volume of 538,478. The stock has a fifty day moving average price of $514.70 and a two-hundred day moving average price of $471.06. The firm has a market capitalization of $16.52 billion, a P/E ratio of 31.08, a P/E/G ratio of 2.47 and a beta of 0.87. Domino’s Pizza, Inc. has a 52-week low of $330.05 and a 52-week high of $542.75.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings data on Monday, April 29th. The restaurant operator reported $3.58 EPS for the quarter, topping the consensus estimate of $3.46 by $0.12. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.08 billion. Domino’s Pizza had a net margin of 11.90% and a negative return on equity of 13.19%. Domino’s Pizza’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.93 earnings per share. Sell-side analysts expect that Domino’s Pizza, Inc. will post 16 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend was Friday, June 14th. Domino’s Pizza’s dividend payout ratio is currently 39.43%.

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.