Signaturefd LLC Raises Holdings in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Signaturefd LLC increased its position in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 200.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 303 shares of the restaurant operator’s stock after buying an additional 202 shares during the period. Signaturefd LLC’s holdings in Domino’s Pizza were worth $127,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in shares of 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. lifted its stake in Domino’s Pizza by 1.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator’s stock worth $708,498,000 after purchasing an additional 21,705 shares during the last quarter. Berkshire Hathaway Inc purchased a new position in shares of Domino’s Pizza during the third quarter valued at approximately $549,399,000. Bank of New York Mellon Corp grew its stake in shares of Domino’s Pizza by 3.4% during the fourth 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, Charles Schwab Investment Management Inc. raised its holdings in shares of Domino’s Pizza by 1.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 229,099 shares of the restaurant operator’s stock worth $98,545,000 after buying an additional 2,201 shares during the period. 94.63% of the stock is owned by institutional investors.

Insider Activity at Domino’s Pizza

In other news, EVP Kelly E. Garcia sold 2,104 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total transaction of $917,933.12. Following the completion of the sale, the executive vice president now owns 5,699 shares of the company’s stock, valued at $2,486,359.72. The trade was a 26.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Reddy Sandeep sold 1,077 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The shares were 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 directly owns 8,081 shares in the company, valued at $3,581,499.20. This represents a 11.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,597 shares of company stock worth $3,762,052 in the last 90 days. Corporate insiders own 0.76% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on DPZ. Barclays lifted their price target on shares of 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 reaffirmed a “buy” rating and set a $490.00 target price on shares of Domino’s Pizza in a research report on Monday, February 24th. Argus downgraded Domino’s Pizza from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Loop Capital decreased their price objective on Domino’s Pizza from $559.00 to $555.00 and set a “buy” rating for the company in a report on Tuesday, February 25th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $500.00 price objective 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 issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $503.41.

Domino’s Pizza Trading Down 1.0 %

Shares of DPZ stock opened at $461.40 on Monday. Domino’s Pizza, Inc. has a twelve month low of $396.06 and a twelve month high of $542.75. The stock has a 50 day moving average of $454.96 and a 200 day moving average of $439.90. The stock has a market cap of $15.82 billion, a P/E ratio of 28.34, a P/E/G ratio of 2.47 and a beta of 1.06.

Domino’s Pizza (NASDAQ:DPZ) last posted its earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.93 by ($0.04). The firm 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 business’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. On average, research analysts predict that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a dividend of $1.74 per share. The ex-dividend date is Friday, March 14th. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.51. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.51%. Domino’s Pizza’s dividend payout ratio (DPR) is 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.