Principal Financial Group Inc. Raises Stake in Domino's Pizza Inc (NASDAQ:DPZ)

Principal Financial Group Inc. lifted its holdings in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 3.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,740,987 shares of the restaurant operator's stock after acquiring an additional 53,124 shares during the period. Principal Financial Group Inc. owned 5.08% of Domino's Pizza worth $799,897,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of DPZ. Berkshire Hathaway Inc grew its position in Domino's Pizza by 86.5% in 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 during the last quarter. Geode Capital Management LLC grew its position in Domino's Pizza by 10.7% in the 4th quarter. Geode Capital Management LLC now owns 955,160 shares of the restaurant operator's stock valued at $403,203,000 after buying an additional 92,389 shares during the last quarter. Invesco Ltd. grew its position in Domino's Pizza by 46.0% in the 4th quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator's stock valued at $255,649,000 after buying an additional 191,752 shares during the last quarter. Norges Bank purchased a new position in Domino's Pizza in the 4th quarter valued at $250,571,000. Finally, Kayne Anderson Rudnick Investment Management LLC grew its position in Domino's Pizza by 1.4% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 410,467 shares of the restaurant operator's stock valued at $172,298,000 after buying an additional 5,762 shares during the last quarter. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Domino's Pizza Stock Performance

Domino's Pizza stock traded up $2.06 during midday trading on Thursday, reaching $456.00. 390,501 shares of the company were exchanged, compared to its average volume of 641,754. The company has a market capitalization of $15.61 billion, a price-to-earnings ratio of 26.15, a P/E/G ratio of 2.58 and a beta of 1.09. The firm's 50-day simple moving average is $471.05 and its 200-day simple moving average is $457.56. Domino's Pizza Inc has a 1 year low of $396.06 and a 1 year high of $509.09.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The restaurant operator reported $4.33 EPS 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 analysts' expectations of $1.12 billion. Domino's Pizza had a negative return on equity of 15.45% and a net margin of 12.84%. The firm's quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the business posted $3.58 EPS. On average, analysts forecast that Domino's Pizza Inc will post 16.74 EPS for the current fiscal year.

Domino's Pizza Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were issued a $1.74 dividend. This represents a $6.96 annualized dividend and a yield of 1.53%. The ex-dividend date was Friday, June 13th. Domino's Pizza's dividend payout ratio (DPR) is 39.91%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. BMO Capital Markets lifted their price objective on shares of Domino's Pizza from $515.00 to $540.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. Argus reiterated a "hold" rating and issued a $490.00 price objective on shares of Domino's Pizza in a research report on Tuesday, April 29th. Guggenheim reiterated a "neutral" rating on shares of Domino's Pizza in a research report on Thursday, May 15th. BTIG Research set a $530.00 target price on Domino's Pizza and gave the company a "buy" rating in a report on Monday, April 28th. Finally, Barclays reduced their target price on Domino's Pizza from $425.00 to $420.00 and set an "underweight" rating for the company in a report on Wednesday, April 30th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Domino's Pizza has an average rating of "Moderate Buy" and an average target price of $487.17.

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.