59,588 Domino's Pizza Inc $DPZ Shares Sold by Sumitomo Mitsui Trust Group Inc.

Key Points

• Sumitomo Mitsui Trust Group cut its Domino’s Pizza stake by 96.9% in the third quarter, selling 59,588 shares and retaining 1,889 shares worth about $566,000.
• Domino’s reported quarterly earnings of $4.60 per share, beating estimates of $4.33; revenue rose 3.4% year over year to $1.19 billion.
• Analysts’ consensus rating was “Moderate Buy,” with an average price target of $380.87. The company also announced a quarterly dividend of $1.99 per share.

Sumitomo Mitsui Trust Group Inc. lessened its stake in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 96.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,889 shares of the restaurant operator's stock after selling 59,588 shares during the quarter. Sumitomo Mitsui Trust Group Inc.'s holdings in Domino's Pizza were worth $566,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in DPZ. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Domino's Pizza in the 3rd quarter worth approximately $2,696,000. ProShare Advisors LLC grew its holdings in shares of Domino's Pizza by 21.1% during the 3rd quarter. ProShare Advisors LLC now owns 6,355 shares of the restaurant operator's stock valued at $1,904,000 after acquiring an additional 1,108 shares in the last quarter. Vise Technologies Inc. grew its holdings in shares of Domino's Pizza by 71.0% during the 3rd quarter. Vise Technologies Inc. now owns 1,351 shares of the restaurant operator's stock valued at $405,000 after acquiring an additional 561 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of Domino's Pizza by 213.8% in the third quarter. International Assets Investment Management LLC now owns 4,760 shares of the restaurant operator's stock worth $1,426,000 after acquiring an additional 3,243 shares during the last quarter. Finally, D.A. Davidson & CO. increased its stake in shares of Domino's Pizza by 96.0% in the third quarter. D.A. Davidson & CO. now owns 26,068 shares of the restaurant operator's stock worth $7,810,000 after acquiring an additional 12,767 shares during the last quarter. Institutional investors and hedge funds own 94.63% of the company's stock.

Domino's Pizza Price Performance

DPZ stock opened at $334.28 on Monday. The firm has a 50 day moving average of $313.29 and a two-hundred day moving average of $341.60. Domino's Pizza Inc has a 12 month low of $282.00 and a 12 month high of $442.35. The company has a market capitalization of $11.00 billion, a price-to-earnings ratio of 18.42, a P/E/G ratio of 1.54 and a beta of 0.95.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its quarterly earnings results on Tuesday, October 13th. The restaurant operator reported $4.60 earnings per share for the quarter, beating analysts' consensus estimates of $4.33 by $0.27. Domino's Pizza had a net margin of 12.03% and a negative return on equity of 15.48%. The business had revenue of $1.19 billion for the quarter. During the same quarter in the prior year, the business posted $4.08 EPS. The firm's revenue for the quarter was up 3.4% compared to the same quarter last year. On average, research analysts expect that Domino's Pizza Inc will post 19.10 EPS for the current fiscal year.

Domino's Pizza Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Tuesday, December 15th will be given a dividend of $1.99 per share. This represents a $7.96 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, December 15th. Domino's Pizza's dividend payout ratio is presently 43.86%.

Wall Street Analyst Weigh In

DPZ has been the subject of a number of research reports. Royal Bank Of Canada reduced their price objective on Domino's Pizza from $325.00 to $320.00 and set a "sector perform" rating for the company in a research report on Wednesday, October 14th. Gordon Haskett lowered Domino's Pizza from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, October 14th. KeyCorp reaffirmed a "sector weight" rating on shares of Domino's Pizza in a research note on Wednesday, October 14th. TD Cowen reaffirmed a "hold" rating and set a $320.00 price target on shares of Domino's Pizza in a research note on Tuesday, October 13th. Finally, Bank of America reduced their price target on Domino's Pizza from $455.00 to $410.00 and set a "buy" rating for the company in a report on Wednesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Domino's Pizza presently has a consensus rating of "Moderate Buy" and a consensus target price of $380.87.

Domino's Pizza Company Profile

Domino's Pizza, Inc is a global pizza company that operates and franchises restaurants specializing in delivery and carryout. Its menu includes pizzas, chicken wings, sandwiches, pasta, bread sides, desserts and beverages, with offerings varying by location.

The company traces its roots to a pizza shop opened in Ypsilanti, Michigan, in 1960. It adopted the Domino's Pizza name in 1965 and has since grown through a predominantly franchised business model, serving customers in the United States and international markets.

Domino's is headquartered in Ann Arbor, Michigan.

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