Copeland Capital Management LLC Trims Stock Holdings in Domino's Pizza Inc (NASDAQ:DPZ)

Copeland Capital Management LLC cut its holdings in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 0.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,688 shares of the restaurant operator's stock after selling 667 shares during the quarter. Copeland Capital Management LLC owned 0.23% of Domino's Pizza worth $35,694,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Alpine Bank Wealth Management purchased a new stake in shares of Domino's Pizza in the first quarter valued at approximately $25,000. Sherman Asset Management Inc. purchased a new stake in shares of Domino's Pizza in the fourth quarter valued at approximately $25,000. Wood Tarver Financial Group LLC purchased a new stake in shares of Domino's Pizza in the fourth quarter valued at approximately $25,000. Brown Brothers Harriman & Co. raised its holdings in Domino's Pizza by 1,016.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator's stock worth $28,000 after purchasing an additional 61 shares during the last quarter. Finally, Covestor Ltd raised its holdings in Domino's Pizza by 158.1% during the fourth quarter. Covestor Ltd now owns 80 shares of the restaurant operator's stock worth $34,000 after purchasing an additional 49 shares during the last quarter. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DPZ. TD Securities reaffirmed a "buy" rating and set a $490.00 price objective on shares of Domino's Pizza in a report on Monday, April 28th. BMO Capital Markets boosted their price target on Domino's Pizza from $515.00 to $540.00 and gave the stock an "outperform" rating in a report on Tuesday, April 29th. Royal Bank Of Canada boosted their price target on Domino's Pizza from $500.00 to $550.00 and gave the stock an "outperform" rating in a report on Tuesday, April 29th. Hsbc Global Res raised Domino's Pizza to a "strong-buy" rating in a report on Tuesday, April 22nd. Finally, Morgan Stanley boosted their price target on Domino's Pizza from $492.00 to $510.00 and gave the stock an "overweight" rating in a report on Tuesday, April 29th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Domino's Pizza currently has a consensus rating of "Moderate Buy" and a consensus target price of $487.17.

Insider Transactions at Domino's Pizza

In related news, EVP Reddy Sandeep sold 399 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $462.18, for a total value of $184,409.82. Following the completion of the transaction, the executive vice president now owns 8,756 shares of the company's stock, valued at approximately $4,046,848.08. This represents a 4.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.83% of the company's stock.

Domino's Pizza Price Performance

DPZ stock traded down $8.33 during trading on Friday, reaching $446.39. 963,247 shares of the stock traded hands, compared to its average volume of 640,850. The business's 50 day moving average price is $472.61 and its 200-day moving average price is $457.65. Domino's Pizza Inc has a 52-week low of $396.06 and a 52-week high of $516.37. The firm has a market capitalization of $15.28 billion, a PE ratio of 25.60, a P/E/G ratio of 2.54 and a beta of 1.11.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last posted its quarterly 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. Domino's Pizza had a negative return on equity of 15.45% and a net margin of 12.84%. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the previous year, the business earned $3.58 earnings per share. The firm's quarterly revenue was up 2.5% compared to the same quarter last year. On average, equities research analysts predict that Domino's Pizza Inc will post 16.74 earnings per share for the current year.

Domino's Pizza Announces Dividend

The business 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 $1.74 dividend. This represents a $6.96 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Friday, June 13th. Domino's Pizza's payout ratio is 39.91%.

About Domino's Pizza

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.