Domino's Pizza Inc (NASDAQ:DPZ) Position Lessened by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its position in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 1.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 263,420 shares of the restaurant operator's stock after selling 3,626 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.77% of Domino's Pizza worth $121,028,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in DPZ. Berkshire Hathaway Inc raised its stake in Domino's Pizza by 86.5% during the 4th quarter. Berkshire Hathaway Inc now owns 2,382,000 shares of the restaurant operator's stock valued at $999,868,000 after acquiring an additional 1,104,744 shares during the last quarter. Norges Bank purchased a new position in shares of Domino's Pizza during the 4th quarter worth approximately $250,571,000. GAMMA Investing LLC raised its stake in shares of Domino's Pizza by 53,740.4% during the 1st quarter. GAMMA Investing LLC now owns 260,049 shares of the restaurant operator's stock worth $119,480,000 after buying an additional 259,566 shares in the last quarter. Invesco Ltd. raised its stake in shares of Domino's Pizza by 46.0% during the 4th quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator's stock worth $255,649,000 after buying an additional 191,752 shares in the last quarter. Finally, Freestone Grove Partners LP purchased a new position in shares of Domino's Pizza during the 4th quarter worth approximately $56,647,000. 94.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on DPZ shares. BTIG Research set a $530.00 target price on Domino's Pizza and gave the stock a "buy" rating in a research note on Monday, April 28th. Redburn Atlantic started coverage on Domino's Pizza in a research note on Tuesday, June 10th. They set a "sell" rating and a $340.00 target price for the company. Hsbc Global Res raised Domino's Pizza to a "strong-buy" rating in a research note on Tuesday, April 22nd. Stephens reaffirmed an "equal weight" rating and issued a $440.00 price objective on shares of Domino's Pizza in a research note on Wednesday, April 2nd. Finally, TD Securities reaffirmed a "buy" rating and issued a $490.00 price objective on shares of Domino's Pizza in a research note on Monday, April 28th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $487.33.

Domino's Pizza Stock Down 1.2%

NASDAQ DPZ traded down $5.44 on Friday, reaching $464.48. 421,654 shares of the stock traded hands, compared to its average volume of 640,638. The firm's fifty day simple moving average is $467.18 and its 200 day simple moving average is $459.03. The company has a market cap of $15.90 billion, a price-to-earnings ratio of 26.63, a P/E/G ratio of 2.64 and a beta of 1.09. Domino's Pizza Inc has a 12 month low of $396.06 and a 12 month high of $500.55.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its earnings results on Monday, April 28th. The restaurant operator reported $4.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.12 by $0.21. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.12 billion. Domino's Pizza had a negative return on equity of 15.45% and a net margin of 12.84%. The company's revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.58 earnings per share. As a group, equities research analysts forecast that Domino's Pizza Inc will post 16.74 EPS for the current fiscal year.

Domino's Pizza Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a $1.74 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.50%. Domino's Pizza's payout ratio is currently 39.91%.

Domino's Pizza Company 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.