Domino’s Pizza, Inc. (NASDAQ:DPZ) Shares Sold by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC cut its holdings in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 2.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 57,098 shares of the restaurant operator’s stock after selling 1,633 shares during the quarter. CIBC Private Wealth Group LLC owned 0.17% of Domino’s Pizza worth $23,564,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Principal Financial Group Inc. grew its holdings in shares of Domino’s Pizza by 1.4% during the third quarter. Principal Financial Group Inc. now owns 1,666,158 shares of the restaurant operator’s stock worth $716,681,000 after buying an additional 23,681 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in Domino’s Pizza by 4.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 14,154 shares of the restaurant operator’s stock valued at $6,089,000 after acquiring an additional 610 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its holdings in Domino’s Pizza by 584.3% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 10,189 shares of the restaurant operator’s stock valued at $4,383,000 after acquiring an additional 8,700 shares during the last quarter. True Wealth Design LLC lifted its stake in Domino’s Pizza by 2,033.3% in the 3rd quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 61 shares in the last quarter. Finally, Berkshire Hathaway Inc acquired a new position in shares of Domino’s Pizza during the 3rd quarter worth approximately $549,399,000. 94.63% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Domino’s Pizza

In related news, EVP Kelly E. Garcia sold 2,104 shares of the stock in a transaction 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 transaction, the executive vice president now directly owns 5,699 shares of the company’s stock, valued at $2,486,359.72. This trade represents a 26.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Reddy Sandeep sold 1,077 shares of the company’s stock in a transaction on 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 owns 8,081 shares of the company’s stock, valued at $3,581,499.20. This represents a 11.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,597 shares of company stock valued at $3,762,052 over the last quarter. 0.83% of the stock is owned by insiders.

Domino’s Pizza Stock Performance

Shares of Domino’s Pizza stock opened at $459.45 on Tuesday. The business has a 50-day simple moving average of $460.10 and a 200-day simple moving average of $442.03. Domino’s Pizza, Inc. has a one year low of $396.06 and a one year high of $542.75. The company has a market cap of $15.76 billion, a PE ratio of 28.22, a P/E/G ratio of 2.47 and a beta of 1.06.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings results on Monday, February 24th. The restaurant operator reported $4.89 EPS 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 firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same quarter last year, the firm earned $4.48 EPS. The company’s revenue was up 2.9% on a year-over-year basis. On average, sell-side 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 was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $1.74 dividend. This represents a $6.96 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.51. Domino’s Pizza’s dividend payout ratio is 41.70%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Stephens restated an “equal weight” rating and issued a $440.00 target price on shares of Domino’s Pizza in a report on Monday, March 3rd. BMO Capital Markets upped their price objective on shares of Domino’s Pizza from $500.00 to $515.00 and gave the company an “outperform” rating in a report on Tuesday, February 25th. Benchmark restated a “buy” rating and set a $520.00 price objective on shares of Domino’s Pizza in a research report on Tuesday, February 25th. Loop Capital decreased their target price on shares of Domino’s Pizza from $559.00 to $555.00 and set a “buy” rating on the stock in a report on Tuesday, February 25th. Finally, Wedbush restated an “outperform” rating and set a $500.00 price target on shares of Domino’s Pizza in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.