Fisher Asset Management LLC Has $14.44 Million Stock Holdings in Domino's Pizza Inc $DPZ

Key Points

• Fisher Asset Management boosted its Domino’s Pizza stake by 18% in the fourth quarter, ending with 34,632 shares valued at about $14.44 million.
• Domino’s reported Q1 EPS of $4.13, missing analyst expectations of $4.29, though revenue still rose 3.5% year over year to $1.15 billion.
• The company declared a quarterly dividend of $1.99 per share, implying a 2.6% annualized yield, while analysts currently have a consensus rating of Hold with an average price target of $418.13.

Fisher Asset Management LLC increased its holdings in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 18.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,632 shares of the restaurant operator's stock after purchasing an additional 5,282 shares during the period. Fisher Asset Management LLC owned approximately 0.10% of Domino's Pizza worth $14,436,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in DPZ. Berkshire Hathaway Inc grew its stake in Domino's Pizza by 13.2% during the third quarter. Berkshire Hathaway Inc now owns 2,981,945 shares of the restaurant operator's stock worth $1,287,335,000 after buying an additional 348,077 shares during the last quarter. Principal Financial Group Inc. grew its stake in Domino's Pizza by 1.8% during the third quarter. Principal Financial Group Inc. now owns 1,762,568 shares of the restaurant operator's stock worth $760,939,000 after buying an additional 30,647 shares during the last quarter. Invesco Ltd. grew its stake in Domino's Pizza by 9.3% during the third quarter. Invesco Ltd. now owns 919,830 shares of the restaurant operator's stock worth $397,100,000 after buying an additional 78,594 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Domino's Pizza by 21,977.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 914,672 shares of the restaurant operator's stock worth $381,254,000 after buying an additional 910,529 shares during the last quarter. Finally, Marshfield Associates grew its stake in Domino's Pizza by 4.0% during the third quarter. Marshfield Associates now owns 744,515 shares of the restaurant operator's stock worth $321,415,000 after buying an additional 28,765 shares during the last quarter. Institutional investors and hedge funds own 94.63% of the company's stock.

Domino's Pizza Stock Performance

Shares of DPZ stock opened at $311.72 on Thursday. Domino's Pizza Inc has a 52-week low of $297.48 and a 52-week high of $496.00. The stock has a market cap of $10.37 billion, a PE ratio of 17.95, a PEG ratio of 1.44 and a beta of 1.02. The firm's 50 day moving average price is $347.90 and its two-hundred day moving average price is $387.25.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its quarterly earnings data on Monday, April 27th. The restaurant operator reported $4.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.29 by ($0.16). Domino's Pizza had a net margin of 11.89% and a negative return on equity of 15.04%. The business had revenue of $1.15 billion during the quarter. During the same quarter in the previous year, the firm posted $4.33 earnings per share. The business's revenue was up 3.5% on a year-over-year basis. As a group, sell-side analysts predict that Domino's Pizza Inc will post 19.15 earnings per share for the current fiscal year.

Domino's Pizza Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $1.99 dividend. The ex-dividend date is Monday, June 15th. This represents a $7.96 annualized dividend and a yield of 2.6%. Domino's Pizza's dividend payout ratio (DPR) is 45.83%.

Analyst Ratings Changes

DPZ has been the topic of several research analyst reports. Gordon Haskett decreased their price objective on shares of Domino's Pizza from $440.00 to $380.00 and set a "buy" rating on the stock in a research note on Tuesday, April 28th. Barclays decreased their price objective on shares of Domino's Pizza from $370.00 to $315.00 and set an "underweight" rating on the stock in a research note on Monday, April 27th. Piper Sandler decreased their price objective on shares of Domino's Pizza from $421.00 to $359.00 and set a "neutral" rating on the stock in a research note on Monday, April 27th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Domino's Pizza in a research note on Friday, March 27th. Finally, HSBC decreased their price objective on shares of Domino's Pizza from $601.00 to $544.00 and set a "buy" rating on the stock in a research note on Tuesday, April 28th. Seventeen research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $418.13.

Insiders Place Their Bets

In other Domino's Pizza news, EVP Kelly E. Garcia sold 488 shares of the stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $313.16, for a total value of $152,822.08. Following the sale, the executive vice president directly owned 9,352 shares in the company, valued at approximately $2,928,672.32. This trade represents a 4.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.89% of the company's stock.

About Domino's Pizza

Domino's Pizza, Inc NASDAQ: DPZ is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino's has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino's Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino's has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.

Want to see what other hedge funds are holding DPZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Domino's Pizza Inc (NASDAQ:DPZ - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.