Pinebridge Investments L.P. Cuts Stock Holdings in Domino's Pizza, Inc. (NASDAQ:DPZ)

Pinebridge Investments L.P. trimmed its holdings in shares of Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 45.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,062 shares of the restaurant operator's stock after selling 15,053 shares during the quarter. Pinebridge Investments L.P. owned 0.05% of Domino's Pizza worth $7,582,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of DPZ. Sherman Asset Management Inc. bought a new stake in shares of Domino's Pizza during the 4th quarter valued at about $25,000. Brown Brothers Harriman & Co. boosted its holdings 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 worth $28,000 after acquiring an additional 61 shares during the last quarter. Covestor Ltd increased its position in shares of Domino's Pizza by 158.1% during the fourth quarter. Covestor Ltd now owns 80 shares of the restaurant operator's stock valued at $34,000 after acquiring an additional 49 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Domino's Pizza by 40.0% in 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 during the period. Finally, Lee Danner & Bass Inc. purchased a new stake in Domino's Pizza during the fourth quarter worth about $42,000. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Domino's Pizza Stock Performance

Shares of Domino's Pizza stock traded down $0.76 during midday trading on Wednesday, hitting $492.67. The company had a trading volume of 120,460 shares, compared to its average volume of 622,921. The company has a 50 day moving average of $463.34 and a 200 day moving average of $449.16. Domino's Pizza, Inc. has a 52-week low of $396.06 and a 52-week high of $542.75. The stock has a market capitalization of $16.90 billion, a P/E ratio of 30.26, a P/E/G ratio of 2.47 and a beta of 1.15.

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

Domino's Pizza Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $1.74 dividend. This represents a $6.96 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend is Friday, June 13th. Domino's Pizza's dividend payout ratio is currently 39.91%.

Insider Activity

In other Domino's Pizza news, EVP Reddy Sandeep sold 399 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $462.18, for a total value of $184,409.82. Following the transaction, the executive vice president now directly owns 8,756 shares in the company, valued at approximately $4,046,848.08. This trade represents a 4.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kelly E. Garcia sold 2,104 shares of the company's stock in a transaction dated Tuesday, March 11th. The stock was 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 owns 5,699 shares of the company's stock, valued at approximately $2,486,359.72. The trade was a 26.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,996 shares of company stock valued at $3,946,461 in the last ninety days. 0.83% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on DPZ shares. Robert W. Baird increased their price target on Domino's Pizza from $500.00 to $535.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 23rd. Wedbush reissued an "outperform" rating and set a $500.00 price objective on shares of Domino's Pizza in a research note on Tuesday, February 25th. Benchmark lifted their target price on shares of Domino's Pizza from $520.00 to $535.00 and gave the company a "buy" rating in a research report on Tuesday. Guggenheim increased their price objective 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. Finally, Barclays cut their price objective on shares of Domino's Pizza from $425.00 to $420.00 and set an "underweight" rating for the company in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $501.88.

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.