Domino's Pizza Inc (NASDAQ:DPZ) Shares Sold by Allianz Asset Management GmbH

Key Points

• Allianz Asset Management significantly reduced its holdings in Domino's Pizza by 67.7%, now owning 3,298 shares valued at approximately $1.5 million.
• Several institutions have increased their investments in Domino's, with Berkshire Hathaway increasing its stake by 86.5%, bringing its total to nearly $1 billion worth of shares.
• The stock currently has a consensus rating of "Moderate Buy" with a consensus target price of $489.67, after various analysts updated their price targets and ratings.

Allianz Asset Management GmbH lowered its stake in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 67.7% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,298 shares of the restaurant operator's stock after selling 6,923 shares during the period. Allianz Asset Management GmbH's holdings in Domino's Pizza were worth $1,515,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Orion Portfolio Solutions LLC boosted its stake in Domino's Pizza by 20.9% during the 4th quarter. Orion Portfolio Solutions LLC now owns 3,166 shares of the restaurant operator's stock valued at $1,329,000 after purchasing an additional 547 shares during the last quarter. DnB Asset Management AS boosted its stake in Domino's Pizza by 11.7% during the 4th quarter. DnB Asset Management AS now owns 6,321 shares of the restaurant operator's stock valued at $2,653,000 after purchasing an additional 663 shares during the last quarter. Brown Brothers Harriman & Co. boosted its stake in Domino's Pizza by 1,016.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator's stock valued at $28,000 after purchasing an additional 61 shares during the last quarter. Allstate Corp purchased a new stake in Domino's Pizza during the 4th quarter valued at $427,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Domino's Pizza by 38.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 130,522 shares of the restaurant operator's stock valued at $54,788,000 after purchasing an additional 36,161 shares during the last quarter. Hedge funds and other institutional investors own 94.63% of the company's stock.

Domino's Pizza Trading Down 0.2%

Shares of NASDAQ DPZ traded down $0.81 during trading hours on Monday, reaching $465.36. The stock had a trading volume of 258,488 shares, compared to its average volume of 645,423. The firm has a market cap of $15.80 billion, a price-to-earnings ratio of 27.02, a P/E/G ratio of 2.56 and a beta of 1.09. The business's fifty day moving average price is $463.49 and its two-hundred day moving average price is $464.71. Domino's Pizza Inc has a 52-week low of $396.06 and a 52-week high of $500.55.

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 analysts' consensus estimates of $3.93 by ($0.12). The company had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.14 billion. Domino's Pizza had a negative return on equity of 15.09% and a net margin of 12.49%. The firm's quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.03 EPS. Equities research analysts anticipate that Domino's Pizza Inc will post 16.74 earnings per share for the current fiscal year.

Domino's Pizza Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have commented on the company. TD Securities reiterated a "buy" rating and set a $490.00 target price on shares of Domino's Pizza in a research note on Monday, April 28th. Argus reiterated a "hold" rating and set a $490.00 target price on shares of Domino's Pizza in a research report on Tuesday, April 29th. Wells Fargo & Company lifted their target price on Domino's Pizza from $465.00 to $490.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 22nd. BMO Capital Markets raised their price target on Domino's Pizza from $515.00 to $540.00 and gave the company an "outperform" rating in a report on Tuesday, April 29th. Finally, Benchmark lifted their target price on Domino's Pizza from $535.00 to $540.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Domino's Pizza currently has a consensus rating of "Moderate Buy" and an average price target of $489.67.

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.