Voya Investment Management LLC Decreases Position in Domino's Pizza, Inc. (NASDAQ:DPZ)

Voya Investment Management LLC reduced its holdings in shares of Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 3.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 95,156 shares of the restaurant operator's stock after selling 3,042 shares during the period. Voya Investment Management LLC owned about 0.28% of Domino's Pizza worth $39,943,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sherman Asset Management Inc. bought a new stake in Domino's Pizza during the 4th quarter valued at $25,000. Brown Brothers Harriman & Co. raised its position in Domino's Pizza by 1,016.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator's stock valued at $28,000 after purchasing an additional 61 shares in the last quarter. Covestor Ltd raised its position in Domino's Pizza by 158.1% during the 4th quarter. Covestor Ltd now owns 80 shares of the restaurant operator's stock valued at $34,000 after purchasing an additional 49 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in 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 purchasing an additional 26 shares in the last quarter. Finally, Lee Danner & Bass Inc. bought a new stake in Domino's Pizza during the 4th quarter valued at $42,000. 94.63% of the stock is owned by institutional investors.

Domino's Pizza Stock Performance

Shares of DPZ traded down $6.06 during trading hours on Thursday, hitting $484.31. The stock had a trading volume of 181,927 shares, compared to its average volume of 620,380. The firm has a 50-day moving average price of $463.90 and a 200 day moving average price of $449.45. 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 $16.61 billion, a price-to-earnings ratio of 29.85, a PEG ratio of 2.47 and a beta of 1.15.

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

Domino's Pizza Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $1.74 per share. This represents a $6.96 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date is Friday, June 13th. Domino's Pizza's dividend payout ratio is presently 39.91%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Guggenheim lifted their target price on Domino's Pizza from $450.00 to $460.00 and gave the company a "neutral" rating in a research report on Tuesday, April 22nd. Wells Fargo & Company lifted their price target on Domino's Pizza from $445.00 to $465.00 and gave the company an "equal weight" rating in a report on Tuesday. Wedbush reiterated an "outperform" rating and issued a $500.00 price target on shares of Domino's Pizza in a report on Tuesday, February 25th. Argus reiterated a "hold" rating and issued a $490.00 price target on shares of Domino's Pizza in a report on Tuesday. Finally, TD Cowen reiterated a "buy" rating and issued a $490.00 price target on shares of Domino's Pizza in a report on Monday, February 24th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $498.50.

Insiders Place Their Bets

In other news, EVP Kelly E. Garcia sold 2,104 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total value of $917,933.12. Following the completion of the sale, the executive vice president now directly owns 5,699 shares in the company, valued at $2,486,359.72. This represents a 26.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Kevin Scott Morris sold 5,416 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $437.00, for a total transaction of $2,366,792.00. Following the completion of the sale, the executive vice president now owns 793 shares of the company's stock, valued at $346,541. This trade represents a 87.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,996 shares of company stock worth $3,946,461. Company insiders own 0.83% of the company's stock.

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.