Ameriprise Financial Inc. Sells 17,612 Shares of Domino's Pizza, Inc. (NASDAQ:DPZ)

Ameriprise Financial Inc. reduced its position in shares of Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 15.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 96,349 shares of the restaurant operator's stock after selling 17,612 shares during the quarter. Ameriprise Financial Inc. owned 0.28% of Domino's Pizza worth $40,443,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. KG&L Capital Management LLC grew its stake in shares of Domino's Pizza by 1.4% during the 4th quarter. KG&L Capital Management LLC now owns 1,725 shares of the restaurant operator's stock valued at $724,000 after acquiring an additional 23 shares during the period. Oppenheimer & Co. Inc. grew its stake in shares of Domino's Pizza by 2.0% during the 4th quarter. Oppenheimer & Co. Inc. now owns 1,157 shares of the restaurant operator's stock valued at $486,000 after acquiring an additional 23 shares during the period. Greenleaf Trust grew its stake in shares of Domino's Pizza by 3.1% during the 4th quarter. Greenleaf Trust now owns 854 shares of the restaurant operator's stock valued at $358,000 after acquiring an additional 26 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Domino's Pizza by 40.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator's stock valued at $38,000 after acquiring an additional 26 shares during the period. Finally, Larson Financial Group LLC grew 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 acquiring an additional 28 shares during the period. 94.63% of the stock is currently owned by institutional investors.

Insider Activity at Domino's Pizza

In other Domino's Pizza news, CFO Reddy Sandeep sold 1,077 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $443.20, for a total value of $477,326.40. Following the sale, the chief financial officer now owns 8,081 shares in the company, valued at $3,581,499.20. This trade represents a 11.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Kevin Scott Morris sold 5,416 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $437.00, for a total value of $2,366,792.00. Following the completion of the sale, the executive vice president now owns 793 shares in the company, valued at approximately $346,541. The trade was a 87.23% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,996 shares of company stock worth $3,946,461. Company insiders own 0.83% of the company's stock.

Domino's Pizza Stock Performance

NASDAQ:DPZ opened at $479.37 on Monday. The stock's fifty day moving average is $464.18 and its 200 day moving average is $452.36. Domino's Pizza, Inc. has a fifty-two week low of $396.06 and a fifty-two week high of $538.44. The firm has a market capitalization of $16.41 billion, a PE ratio of 29.45, a PEG ratio of 2.47 and a beta of 1.15.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The restaurant operator reported $4.33 earnings per share for the quarter, beating the consensus estimate of $4.12 by $0.21. Domino's Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the prior year, the firm posted $3.58 EPS. Domino's Pizza's quarterly revenue was up 2.5% compared to the same quarter last year. Equities analysts forecast that Domino's Pizza, Inc. will post 16.74 EPS for the current year.

Domino's Pizza Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a dividend of $1.74 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $6.96 annualized dividend and a yield of 1.45%. Domino's Pizza's payout ratio is presently 39.91%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DPZ. TD Cowen reiterated a "buy" rating and set a $490.00 price objective on shares of Domino's Pizza in a research note on Monday, February 24th. Wells Fargo & Company boosted their price target on Domino's Pizza from $445.00 to $465.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 29th. Citigroup boosted their price target on Domino's Pizza from $480.00 to $500.00 and gave the stock a "neutral" rating in a report on Tuesday, April 29th. Robert W. Baird boosted their price target on Domino's Pizza from $500.00 to $535.00 and gave the stock an "outperform" rating in a report on Wednesday, April 23rd. Finally, Hsbc Global Res raised Domino's Pizza to a "strong-buy" rating in a report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Domino's Pizza has an average rating of "Moderate Buy" and a consensus price target of $498.50.

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.

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