OVERSEA CHINESE BANKING Corp Ltd Has $215,000 Stock Holdings in Domino’s Pizza, Inc. (NYSE:DPZ)

OVERSEA CHINESE BANKING Corp Ltd lessened its stake in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 94.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 498 shares of the restaurant operator’s stock after selling 8,525 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Domino’s Pizza were worth $215,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Central Pacific Bank Trust Division acquired a new stake in shares of Domino’s Pizza during the 3rd quarter worth about $30,000. Blue Trust Inc. boosted its position in Domino’s Pizza by 162.5% in the second quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock valued at $31,000 after buying an additional 39 shares in the last quarter. Crewe Advisors LLC bought a new stake in Domino’s Pizza during the first quarter worth about $36,000. Versant Capital Management Inc raised its stake in shares of Domino’s Pizza by 654.5% in the second quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock valued at $43,000 after acquiring an additional 72 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Domino’s Pizza in the 3rd quarter worth approximately $43,000. 94.63% of the stock is owned by institutional investors.

Domino’s Pizza Stock Down 0.8 %

Shares of DPZ stock opened at $435.97 on Friday. Domino’s Pizza, Inc. has a 12-month low of $367.24 and a 12-month high of $542.75. The firm has a fifty day moving average of $423.17 and a 200-day moving average of $459.20. The firm has a market capitalization of $15.05 billion, a price-to-earnings ratio of 26.78, a price-to-earnings-growth ratio of 2.37 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share for the quarter, beating analysts’ consensus estimates of $3.65 by $0.54. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.10 billion. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The business’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.18 earnings per share. Research analysts expect that Domino’s Pizza, Inc. will post 16.86 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a $1.51 dividend. This represents a $6.04 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Friday, December 13th. Domino’s Pizza’s payout ratio is 37.10%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. BMO Capital Markets decreased their price target on Domino’s Pizza from $510.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, October 11th. Piper Sandler lowered their target price on Domino’s Pizza from $436.00 to $429.00 and set a “neutral” rating for the company in a research note on Monday, October 7th. Morgan Stanley reduced their price target on shares of Domino’s Pizza from $520.00 to $510.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. Evercore ISI decreased their price objective on shares of Domino’s Pizza from $500.00 to $480.00 and set an “outperform” rating on the stock in a report on Monday, October 7th. Finally, Loop Capital upgraded shares of Domino’s Pizza from a “hold” rating to a “buy” rating and upped their target price for the stock from $419.00 to $559.00 in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $494.38.

Insider Transactions at Domino’s Pizza

In other news, Director Andrew Balson sold 6,970 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $428.27, for a total value of $2,985,041.90. Following the completion of the sale, the director now owns 15,390 shares of the company’s stock, valued at approximately $6,591,075.30. This represents a 31.17 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.76% of the stock is currently owned by insiders.

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.