Bank of New York Mellon Corp Has $138.68 Million Stock Holdings in Domino's Pizza Inc $DPZ

Key Points

• Bank of New York Mellon trimmed its Domino’s Pizza stake by 6.2% in the fourth quarter, but still held 332,706 shares valued at about $138.7 million.
• Domino’s reported quarterly EPS of $4.13, missing analysts’ estimate of $4.29, even as revenue rose 3.5% year over year to $1.15 billion.
• The company announced a quarterly dividend of $1.99 per share, or $7.96 annualized, for a 2.5% yield; analysts currently rate the stock a consensus Hold with an average target of $418.13.

Bank of New York Mellon Corp cut its holdings in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 6.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 332,706 shares of the restaurant operator's stock after selling 21,892 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.98% of Domino's Pizza worth $138,678,000 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 DPZ. Annis Gardner Whiting Capital Advisors LLC increased its stake in shares of Domino's Pizza by 97.1% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator's stock valued at $29,000 after buying an additional 34 shares in the last quarter. Johnson Financial Group Inc. increased its stake in shares of Domino's Pizza by 200.0% in the third quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator's stock valued at $36,000 after buying an additional 56 shares in the last quarter. MUFG Securities EMEA plc acquired a new stake in Domino's Pizza in the second quarter worth about $46,000. Smartleaf Asset Management LLC raised its holdings in Domino's Pizza by 64.2% during the 3rd quarter. Smartleaf Asset Management LLC now owns 110 shares of the restaurant operator's stock worth $48,000 after purchasing an additional 43 shares during the last quarter. Finally, Atlantic Union Bankshares Corp raised its holdings in Domino's Pizza by 85.5% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 141 shares of the restaurant operator's stock worth $61,000 after purchasing an additional 65 shares during the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Kelly E. Garcia sold 488 shares of the company's stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $313.16, for a total transaction of $152,822.08. Following the sale, the executive vice president owned 9,352 shares in the company, valued at $2,928,672.32. This represents a 4.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.89% of the stock is currently owned by corporate insiders.

Domino's Pizza Stock Performance

NASDAQ DPZ opened at $313.99 on Friday. The stock has a market capitalization of $10.44 billion, a price-to-earnings ratio of 18.08, a PEG ratio of 1.46 and a beta of 0.97. The stock's 50 day moving average price is $339.09 and its two-hundred day moving average price is $382.59. Domino's Pizza Inc has a 52 week low of $297.48 and a 52 week high of $496.00.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its quarterly earnings data on Monday, April 27th. The restaurant operator reported $4.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.29 by ($0.16). Domino's Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.The company had revenue of $1.15 billion for the quarter. During the same quarter in the prior year, the company posted $4.33 EPS. The firm's quarterly revenue was up 3.5% on a year-over-year basis. On average, equities research analysts forecast that Domino's Pizza Inc will post 19.07 EPS for the current year.

Domino's Pizza Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a dividend of $1.99 per share. The ex-dividend date is Monday, June 15th. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.5%. Domino's Pizza's dividend payout ratio is currently 45.83%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on DPZ shares. Morgan Stanley dropped their price objective on Domino's Pizza from $430.00 to $395.00 and set an "equal weight" rating for the company in a report on Tuesday, April 28th. BTIG Research decreased their target price on Domino's Pizza from $500.00 to $450.00 and set a "buy" rating for the company in a research report on Monday, April 27th. Mizuho decreased their target price on Domino's Pizza from $470.00 to $420.00 and set an "outperform" rating for the company in a research report on Tuesday, April 28th. HSBC decreased their target price on Domino's Pizza from $601.00 to $544.00 and set a "buy" rating for the company in a research report on Tuesday, April 28th. Finally, Citigroup decreased their target price on Domino's Pizza from $425.00 to $365.00 and set a "neutral" rating for the company in a research report on Tuesday, April 28th. Seventeen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $418.13.

About Domino's Pizza

Domino's Pizza, Inc NASDAQ: DPZ is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino's has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino's Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino's has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.

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