TD Asset Management Inc Sells 110,297 Shares of Domino's Pizza Inc $DPZ

Key Points

• TD Asset Management Inc reduced its stake in Domino's Pizza Inc by 21.1%, selling 110,297 shares and holding approximately 1.22% of the company, valued at $186 million.
• Several analysts have a mixed outlook on Domino's, with a consensus rating of "Moderate Buy" and an average price target of $492.54. Notably, TD Cowen maintains a buy rating with a target of $510.
• The company reported earnings of $4.08 per share for the last quarter, exceeding analysts' expectations, and announced a quarterly dividend of $1.74 per share to be paid on December 26th.

TD Asset Management Inc lessened its holdings in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 21.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 413,218 shares of the restaurant operator's stock after selling 110,297 shares during the quarter. TD Asset Management Inc owned approximately 1.22% of Domino's Pizza worth $186,196,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Praxis Investment Management Inc. bought a new position in Domino's Pizza in the 1st quarter valued at approximately $414,000. Sowell Financial Services LLC bought a new position in Domino's Pizza during the 1st quarter worth approximately $282,000. Cornerstone Wealth Group LLC raised its holdings in Domino's Pizza by 41.0% during the 1st quarter. Cornerstone Wealth Group LLC now owns 20,417 shares of the restaurant operator's stock worth $9,381,000 after purchasing an additional 5,939 shares during the last quarter. Value Partners Investments Inc. raised its holdings in Domino's Pizza by 317.4% during the 1st quarter. Value Partners Investments Inc. now owns 7,397 shares of the restaurant operator's stock worth $3,401,000 after purchasing an additional 5,625 shares during the last quarter. Finally, Ritholtz Wealth Management raised its holdings in Domino's Pizza by 2.9% during the 1st quarter. Ritholtz Wealth Management now owns 2,299 shares of the restaurant operator's stock worth $1,056,000 after purchasing an additional 64 shares during the last quarter. Institutional investors own 94.63% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. TD Cowen restated a "buy" rating and set a $510.00 price target on shares of Domino's Pizza in a report on Tuesday. Royal Bank Of Canada lowered shares of Domino's Pizza from an "outperform" rating to a "sector perform" rating and lowered their price target for the stock from $550.00 to $500.00 in a report on Tuesday, July 29th. Wells Fargo & Company lowered their price target on shares of Domino's Pizza from $490.00 to $450.00 and set an "equal weight" rating for the company in a report on Wednesday, October 8th. Melius assumed coverage on shares of Domino's Pizza in a report on Monday, July 14th. They set a "hold" rating and a $500.00 price target for the company. Finally, UBS Group restated a "buy" rating and set a $540.00 price target on shares of Domino's Pizza in a report on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Domino's Pizza has a consensus rating of "Moderate Buy" and an average price target of $492.54.

Insider Buying and Selling

In other Domino's Pizza news, Director James A. Goldman sold 1,000 shares of the company's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $451.49, for a total transaction of $451,490.00. Following the sale, the director directly owned 3,384 shares of the company's stock, valued at $1,527,842.16. This represents a 22.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.83% of the stock is currently owned by company insiders.

Domino's Pizza Stock Performance

Shares of NASDAQ:DPZ opened at $424.23 on Wednesday. The company's 50-day moving average is $440.76 and its 200 day moving average is $458.37. The company has a market capitalization of $14.40 billion, a P/E ratio of 24.64, a price-to-earnings-growth ratio of 2.24 and a beta of 1.12. Domino's Pizza Inc has a fifty-two week low of $397.12 and a fifty-two week high of $500.55.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its quarterly earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 earnings per share for the quarter, topping analysts' consensus estimates of $3.96 by $0.12. Domino's Pizza had a net margin of 12.49% and a negative return on equity of 15.09%. The firm's revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the company posted $4.19 EPS. As a group, research analysts predict that Domino's Pizza Inc will post 16.74 earnings per share for the current year.

Domino's Pizza Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Monday, December 15th will be issued a dividend of $1.74 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $6.96 annualized dividend and a yield of 1.6%. Domino's Pizza's dividend payout ratio is 40.42%.

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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