Mackenzie Financial Corp Has $1.60 Million Position in Domino's Pizza, Inc. (NASDAQ:DPZ)

Mackenzie Financial Corp boosted its position in Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 33.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,816 shares of the restaurant operator's stock after purchasing an additional 946 shares during the quarter. Mackenzie Financial Corp's holdings in Domino's Pizza were worth $1,602,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Parr Mcknight Wealth Management Group LLC bought a new position in shares of Domino's Pizza in the fourth quarter worth $925,000. Novem Group acquired a new stake in Domino's Pizza in the fourth quarter worth about $315,000. PharVision Advisers LLC bought a new position in Domino's Pizza in the 4th quarter valued at about $318,000. Worldquant Millennium Advisors LLC bought a new position in Domino's Pizza in the 4th quarter valued at about $17,626,000. Finally, Woodline Partners LP acquired a new position in Domino's Pizza during the 4th quarter valued at about $10,648,000. 94.63% of the stock is owned by institutional investors and hedge funds.

Domino's Pizza Stock Up 0.3%

Shares of DPZ traded up $1.38 during trading hours on Wednesday, reaching $465.91. The company's stock had a trading volume of 384,034 shares, compared to its average volume of 628,224. The firm has a market cap of $15.95 billion, a price-to-earnings ratio of 28.62, a P/E/G ratio of 2.47 and a beta of 1.11. The company has a 50 day moving average of $473.41 and a two-hundred day moving average of $458.27. Domino's Pizza, Inc. has a 1-year low of $396.06 and a 1-year high of $538.44.

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

Domino's Pizza Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a $1.74 dividend. The ex-dividend date is Friday, June 13th. This represents a $6.96 dividend on an annualized basis and a yield of 1.49%. Domino's Pizza's dividend payout ratio (DPR) is currently 39.91%.

Insiders Place Their Bets

In other Domino's Pizza news, CFO Reddy Sandeep sold 1,077 shares of Domino's Pizza 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 in the company, valued at $3,581,499.20. The trade was a 11.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kelly E. Garcia sold 2,104 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $436.28, for a total transaction of $917,933.12. Following the completion of the sale, the executive vice president now directly owns 5,699 shares of the company's stock, valued at $2,486,359.72. This represents a 26.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,996 shares of company stock valued at $3,946,461 in the last three months. Insiders own 0.83% of the company's stock.

Analyst Upgrades and Downgrades

DPZ has been the subject of a number of research analyst reports. TD Cowen reaffirmed a "buy" rating and issued a $490.00 price target on shares of Domino's Pizza in a research note on Monday, February 24th. 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. Bank of America increased their price target on Domino's Pizza from $520.00 to $549.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Barclays dropped their price objective on Domino's Pizza from $425.00 to $420.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 30th. Finally, Royal Bank of Canada raised their target price on Domino's Pizza from $500.00 to $550.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Domino's Pizza currently has an average rating of "Moderate Buy" and an average price target of $498.50.

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.