Nikko Asset Management Americas Inc. Sells 612 Shares of Domino's Pizza Inc (NASDAQ:DPZ)

Key Points

• Nikko Asset Management Americas Inc. decreased its stake in Domino's Pizza by 6.8%, now holding shares valued at approximately $3.87 million.
• Domino's Pizza reported earnings of $3.81 per share, missing estimates, but showed revenue growth of 4.3% year-over-year.
• The company recently announced a quarterly dividend of $1.74 per share, with a dividend yield of 1.43%.

Nikko Asset Management Americas Inc. lowered its position in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 6.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,441 shares of the restaurant operator's stock after selling 612 shares during the period. Nikko Asset Management Americas Inc.'s holdings in Domino's Pizza were worth $3,874,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in DPZ. Berkshire Hathaway Inc increased its position in Domino's Pizza by 86.5% during the 4th quarter. Berkshire Hathaway Inc now owns 2,382,000 shares of the restaurant operator's stock valued at $999,868,000 after buying an additional 1,104,744 shares in the last quarter. Norges Bank bought a new position in Domino's Pizza during the 4th quarter valued at approximately $250,571,000. GAMMA Investing LLC increased its position in Domino's Pizza by 53,740.4% during the 1st quarter. GAMMA Investing LLC now owns 260,049 shares of the restaurant operator's stock valued at $119,480,000 after buying an additional 259,566 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Domino's Pizza by 46.0% in the 4th quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator's stock worth $255,649,000 after purchasing an additional 191,752 shares in the last quarter. Finally, Freestone Grove Partners LP bought a new stake in shares of Domino's Pizza in the 4th quarter worth $56,647,000. Institutional investors own 94.63% of the company's stock.

Domino's Pizza Stock Down 0.9%

Domino's Pizza stock traded down $4.27 during midday trading on Tuesday, reaching $470.05. 711,150 shares of the stock traded hands, compared to its average volume of 648,602. The stock has a market cap of $15.96 billion, a P/E ratio of 27.30, a PEG ratio of 2.66 and a beta of 1.09. The stock's fifty day moving average is $464.72 and its 200-day moving average is $463.20. Domino's Pizza Inc has a 12 month low of $396.06 and a 12 month high of $500.55.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its quarterly earnings data on Monday, July 21st. The restaurant operator reported $3.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.93 by ($0.12). Domino's Pizza had a negative return on equity of 15.09% and a net margin of 12.49%. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the firm earned $4.03 EPS. The business's revenue was up 4.3% compared to the same quarter last year. On average, equities analysts predict that Domino's Pizza Inc will post 16.74 EPS for the current fiscal year.

Domino's Pizza Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date is Monday, September 15th. Domino's Pizza's payout ratio is 40.42%.

Wall Street Analysts Forecast Growth

DPZ has been the subject of a number of research analyst reports. Morgan Stanley lifted their target price on Domino's Pizza from $510.00 to $514.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Barclays lifted their target price on Domino's Pizza from $420.00 to $425.00 and gave the stock an "underweight" rating in a report on Monday, July 21st. Royal Bank Of Canada cut Domino's Pizza from an "outperform" rating to a "sector perform" rating and reduced their price objective for the company from $550.00 to $500.00 in a research report on Tuesday. Stephens reiterated an "equal weight" rating and set a $440.00 price objective on shares of Domino's Pizza in a research report on Wednesday, April 2nd. Finally, Hsbc Global Res upgraded Domino's Pizza to a "strong-buy" rating in a research report on Tuesday, April 22nd. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Domino's Pizza has an average rating of "Moderate Buy" and an average price target of $489.67.

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.