TD Asset Management Inc Has $240.53 Million Stock Holdings in Domino's Pizza Inc (NASDAQ:DPZ)

Key Points

• TD Asset Management Inc reduced its holdings in Domino's Pizza Inc by 8.0% in the first quarter, owning approximately $240.53 million worth of the stock after selling 45,694 shares.
• Domino's reported $3.81 EPS for the last quarter, missing the consensus estimate of $3.93, while revenue increased 4.3% year-over-year.
• The company announced a quarterly dividend of $1.74 per share, with a yield of 1.43%, to be paid on September 30th.

TD Asset Management Inc trimmed its holdings in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 8.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 523,515 shares of the restaurant operator's stock after selling 45,694 shares during the quarter. TD Asset Management Inc owned about 1.53% of Domino's Pizza worth $240,529,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in DPZ. Wood Tarver Financial Group LLC acquired a new position in Domino's Pizza during the 4th quarter worth approximately $25,000. Alpine Bank Wealth Management acquired a new position in Domino's Pizza during the 1st quarter worth approximately $25,000. LRI Investments LLC acquired a new position in Domino's Pizza during the 1st quarter worth approximately $27,000. Brown Brothers Harriman & Co. raised its stake in Domino's Pizza by 1,016.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator's stock worth $28,000 after buying an additional 61 shares during the period. Finally, Covestor Ltd raised its stake in Domino's Pizza by 158.1% during the 4th quarter. Covestor Ltd now owns 80 shares of the restaurant operator's stock worth $34,000 after buying an additional 49 shares during the period. 94.63% of the stock is owned by institutional investors and hedge funds.

Domino's Pizza Trading Up 1.9%

Domino's Pizza stock opened at $485.53 on Friday. Domino's Pizza Inc has a 12 month low of $396.06 and a 12 month high of $500.55. The business's 50 day simple moving average is $465.18 and its 200 day simple moving average is $462.01. The company has a market cap of $16.48 billion, a price-to-earnings ratio of 28.20, a PEG ratio of 2.61 and a beta of 1.09.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The restaurant operator reported $3.81 EPS for the quarter, missing the consensus estimate of $3.93 by ($0.12). Domino's Pizza had a net margin of 12.49% and a negative return on equity of 15.09%. The firm had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.14 billion. During the same quarter in the previous year, the company posted $4.03 EPS. Domino's Pizza's revenue for the quarter was up 4.3% on a year-over-year basis. As a group, equities research analysts forecast that Domino's Pizza Inc will post 16.74 earnings per share 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. Investors of record on Monday, September 15th will be paid a $1.74 dividend. The ex-dividend date is Monday, September 15th. This represents a $6.96 annualized dividend and a yield of 1.43%. Domino's Pizza's payout ratio is 40.42%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Bank of America upped their price target on Domino's Pizza from $520.00 to $549.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Morgan Stanley upped their price target on Domino's Pizza from $510.00 to $514.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Stephens reaffirmed an "equal weight" rating and set a $440.00 price target on shares of Domino's Pizza in a research note on Wednesday, April 2nd. BMO Capital Markets boosted their price objective on Domino's Pizza from $515.00 to $540.00 and gave the stock an "outperform" rating in a report on Tuesday, April 29th. Finally, Argus reissued a "hold" rating and set a $490.00 price objective on shares of Domino's Pizza in a report on Tuesday, April 29th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $491.52.

About Domino's Pizza

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.

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