Lansforsakringar Fondforvaltning AB publ Buys New Position in Domino's Pizza, Inc. (NASDAQ:DPZ)

Lansforsakringar Fondforvaltning AB publ purchased a new stake in Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 11,065 shares of the restaurant operator's stock, valued at approximately $4,645,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC raised its holdings in shares of Domino's Pizza by 278.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 11,060 shares of the restaurant operator's stock worth $4,643,000 after acquiring an additional 8,136 shares during the period. Empowered Funds LLC boosted its position in shares of Domino's Pizza by 44.6% during the 4th quarter. Empowered Funds LLC now owns 5,713 shares of the restaurant operator's stock worth $2,398,000 after acquiring an additional 1,762 shares in the last quarter. Alta Capital Management LLC boosted its position in shares of Domino's Pizza by 20.5% during the 4th quarter. Alta Capital Management LLC now owns 7,144 shares of the restaurant operator's stock worth $2,999,000 after acquiring an additional 1,214 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Domino's Pizza by 1.3% in the 4th quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator's stock valued at $708,498,000 after purchasing an additional 21,705 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Domino's Pizza in the 4th quarter valued at about $282,000. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Domino's Pizza Stock Performance

Shares of DPZ traded down $1.98 during mid-day trading on Friday, hitting $472.54. 1,229,905 shares of the company traded hands, compared to its average volume of 630,141. Domino's Pizza, Inc. has a 1 year low of $396.06 and a 1 year high of $538.44. The stock has a market cap of $16.18 billion, a price-to-earnings ratio of 29.03, a P/E/G ratio of 2.47 and a beta of 1.15. The stock has a 50-day moving average price of $473.18 and a two-hundred day moving average price of $457.65.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its earnings results on Monday, April 28th. The restaurant operator reported $4.33 earnings per share for the quarter, topping analysts' consensus estimates of $4.12 by $0.21. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.12 billion. Domino's Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. Domino's Pizza's revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.58 earnings per share. On average, analysts forecast that Domino's Pizza, Inc. will post 16.74 EPS for the current year.

Domino's Pizza Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend is Friday, June 13th. Domino's Pizza's dividend payout ratio is currently 39.91%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Morgan Stanley increased their target price on Domino's Pizza from $492.00 to $510.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 29th. Stephens reissued an "equal weight" rating and issued a $440.00 price objective on shares of Domino's Pizza in a research report on Wednesday, April 2nd. BTIG Research set a $530.00 target price on Domino's Pizza and gave the stock a "buy" rating in a research report on Monday, April 28th. Argus reiterated a "hold" rating and issued a $490.00 price target on shares of Domino's Pizza in a research note on Tuesday, April 29th. Finally, TD Securities reiterated a "buy" rating and issued a $490.00 price target on shares of Domino's Pizza in a research note on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Domino's Pizza has an average rating of "Moderate Buy" and a consensus price target of $498.50.

Insider Activity

In related news, EVP Kevin Scott Morris sold 5,416 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $437.00, for a total value of $2,366,792.00. Following the completion of the transaction, the executive vice president now directly owns 793 shares of the company's stock, valued at $346,541. This represents a 87.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Reddy Sandeep sold 1,077 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $443.20, for a total value of $477,326.40. Following the completion of the sale, the chief financial officer now directly owns 8,081 shares of the company's stock, valued at $3,581,499.20. The trade was a 11.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,996 shares of company stock worth $3,946,461. Corporate 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.