California State Teachers Retirement System Trims Position in Domino's Pizza, Inc. (NASDAQ:DPZ)

California State Teachers Retirement System lessened its holdings in Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,934 shares of the restaurant operator's stock after selling 970 shares during the quarter. California State Teachers Retirement System owned 0.16% of Domino's Pizza worth $23,479,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC increased its position in shares of Domino's Pizza by 123.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 9,829 shares of the restaurant operator's stock worth $4,126,000 after purchasing an additional 5,422 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ purchased a new stake in shares of Domino's Pizza in the 4th quarter worth $4,645,000. Wood Tarver Financial Group LLC acquired a new position in shares of Domino's Pizza in the fourth quarter valued at about $25,000. Siemens Fonds Invest GmbH acquired a new stake in Domino's Pizza in the fourth quarter valued at approximately $18,544,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Domino's Pizza during the fourth quarter worth approximately $14,338,000. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Domino's Pizza Trading Down 0.2%

Shares of DPZ traded down $0.71 during mid-day trading on Tuesday, hitting $465.29. 151,464 shares of the company's stock were exchanged, compared to its average volume of 627,257. The business's 50 day moving average is $473.16 and its two-hundred day moving average is $458.17. 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 $15.93 billion, a P/E ratio of 28.58, a P/E/G ratio of 2.47 and a beta of 1.15.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The restaurant operator reported $4.33 EPS for the quarter, topping 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 analyst estimates of $1.12 billion. During the same quarter in the previous year, the business posted $3.58 EPS. The firm's revenue was up 2.5% compared to the same quarter last year. On average, equities research analysts forecast that Domino's Pizza, Inc. will post 16.74 earnings per share for the current year.

Domino's Pizza Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $1.74 per share. The ex-dividend date is Friday, June 13th. This represents a $6.96 annualized dividend and a dividend yield of 1.50%. Domino's Pizza's dividend payout ratio (DPR) is currently 39.91%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on DPZ shares. Stephens reissued an "equal weight" rating and set a $440.00 target price on shares of Domino's Pizza in a research note on Wednesday, April 2nd. Citigroup upped their target price on Domino's Pizza from $480.00 to $500.00 and gave the company a "neutral" rating in a report on Tuesday, April 29th. Loop Capital increased their price objective on Domino's Pizza from $555.00 to $564.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Wedbush reissued an "outperform" rating and set a $500.00 target price on shares of Domino's Pizza in a research report on Tuesday, February 25th. Finally, BMO Capital Markets raised their price target on shares of Domino's Pizza from $515.00 to $540.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 29th. One equities research 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 company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $498.50.

Insider Activity at Domino's Pizza

In other Domino's Pizza news, CFO Reddy Sandeep sold 1,077 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $443.20, for a total value of $477,326.40. Following the transaction, the chief financial officer now directly owns 8,081 shares in the company, valued at $3,581,499.20. The trade was a 11.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kelly E. Garcia sold 2,104 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $436.28, for a total transaction 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 approximately $2,486,359.72. This trade represents a 26.96% decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,996 shares of company stock valued at $3,946,461 in the last ninety days. 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.