Domino's Pizza Inc $DPZ Shares Sold by Credit Agricole S A

Key Points

• Credit Agricole S A has cut its holdings in Domino's Pizza by 71.5%, now owning 6,428 shares valued at approximately $2.95 million.
• Berkshire Hathaway Inc increased its stake in Domino's Pizza by 86.5%, bringing its ownership to 2.38 million shares worth nearly $1 billion.
• The company recently announced a quarterly dividend of $1.74 per share, with an annualized yield of 1.5% and a payout ratio of 40.42%.

Credit Agricole S A reduced its position in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 71.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,428 shares of the restaurant operator's stock after selling 16,104 shares during the quarter. Credit Agricole S A's holdings in Domino's Pizza were worth $2,953,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of DPZ. NewEdge Advisors LLC raised its stake in shares of Domino's Pizza by 7.7% during the fourth quarter. NewEdge Advisors LLC now owns 1,605 shares of the restaurant operator's stock worth $673,000 after purchasing an additional 115 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Domino's Pizza by 4.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 162,140 shares of the restaurant operator's stock worth $68,063,000 after purchasing an additional 6,239 shares during the last quarter. MetLife Investment Management LLC raised its stake in shares of Domino's Pizza by 0.4% during the fourth quarter. MetLife Investment Management LLC now owns 9,680 shares of the restaurant operator's stock worth $4,063,000 after purchasing an additional 37 shares during the last quarter. MML Investors Services LLC raised its stake in shares of Domino's Pizza by 24.1% during the fourth quarter. MML Investors Services LLC now owns 4,981 shares of the restaurant operator's stock worth $2,091,000 after purchasing an additional 967 shares during the last quarter. Finally, TD Waterhouse Canada Inc. raised its stake in shares of Domino's Pizza by 6.5% during the fourth quarter. TD Waterhouse Canada Inc. now owns 873 shares of the restaurant operator's stock worth $366,000 after purchasing an additional 53 shares during the last quarter. 94.63% of the stock is owned by institutional investors and hedge funds.

Domino's Pizza Price Performance

Domino's Pizza stock traded up $8.31 during trading hours on Friday, hitting $457.27. The stock had a trading volume of 130,432 shares, compared to its average volume of 646,976. The stock has a market capitalization of $15.52 billion, a price-to-earnings ratio of 26.55, a PEG ratio of 2.48 and a beta of 1.09. Domino's Pizza Inc has a 1-year low of $396.06 and a 1-year high of $500.55. The stock's fifty day moving average is $457.99 and its two-hundred day moving average is $464.70.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last posted its earnings results on Monday, July 21st. The restaurant operator reported $3.81 earnings per share for the quarter, missing the consensus estimate of $3.93 by ($0.12). The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. Domino's Pizza had a net margin of 12.49% and a negative return on equity of 15.09%. The firm's revenue for the quarter was up 4.3% on a year-over-year basis. During the same period last year, the company posted $4.03 EPS. As a group, sell-side analysts anticipate that Domino's Pizza Inc will post 16.74 EPS for the current year.

Domino's Pizza Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a dividend of $1.74 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.5%. Domino's Pizza's dividend payout ratio (DPR) is presently 40.42%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on DPZ shares. Wells Fargo & Company upped their price target on Domino's Pizza from $465.00 to $490.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 22nd. Melius started coverage on Domino's Pizza in a research note on Monday, July 14th. They set a "hold" rating and a $500.00 price target for the company. Royal Bank Of Canada cut Domino's Pizza from an "outperform" rating to a "sector perform" rating and cut their price target for the stock from $550.00 to $500.00 in a research note on Tuesday, July 29th. UBS Group restated a "buy" rating and set a $540.00 price target on shares of Domino's Pizza in a research note on Tuesday, July 22nd. Finally, Sanford C. Bernstein increased their price objective on Domino's Pizza from $460.00 to $490.00 and gave the stock a "market perform" rating in a research report on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $490.78.

Insider Activity at Domino's Pizza

In related news, Director James A. Goldman sold 1,000 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $451.49, for a total transaction of $451,490.00. Following the sale, the director owned 3,384 shares of the company's stock, valued at $1,527,842.16. This trade represents a 22.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.83% of the stock is currently owned by insiders.

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.