Truist Financial Corp Has $23.32 Million Stock Position in Domino's Pizza Inc $DPZ

Key Points

• Truist Financial trimmed its Domino's stake by 23.1% in Q4, selling 16,823 shares and leaving 55,939 shares valued at about $23.32 million (≈0.17% of DPZ).
• Berkshire Hathaway boosted its position to 2,981,945 shares (about $1.29 billion), and institutional investors collectively own roughly 94.63% of Domino's stock.
• Domino's missed Q1 EPS ($4.13 vs. $4.29) while revenue rose 3.5%; several brokers cut price targets and the consensus rating is "Hold" with an average target of $421.35, and the company declared a $1.99 quarterly dividend (2.5% yield).

Truist Financial Corp lessened its holdings in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 23.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,939 shares of the restaurant operator's stock after selling 16,823 shares during the period. Truist Financial Corp owned about 0.17% of Domino's Pizza worth $23,317,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in DPZ. Berkshire Hathaway Inc raised its stake in shares of Domino's Pizza by 13.2% in the third quarter. Berkshire Hathaway Inc now owns 2,981,945 shares of the restaurant operator's stock worth $1,287,335,000 after purchasing an additional 348,077 shares during the last quarter. Marshfield Associates boosted its position in shares of Domino's Pizza by 4.0% during the third quarter. Marshfield Associates now owns 744,515 shares of the restaurant operator's stock valued at $321,415,000 after buying an additional 28,765 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Domino's Pizza by 1.8% during the third quarter. Principal Financial Group Inc. now owns 1,762,568 shares of the restaurant operator's stock worth $760,939,000 after buying an additional 30,647 shares in the last quarter. Mediolanum International Funds Ltd raised its position in Domino's Pizza by 209.6% in the 3rd quarter. Mediolanum International Funds Ltd now owns 4,155 shares of the restaurant operator's stock valued at $1,805,000 after buying an additional 2,813 shares during the last quarter. Finally, Machina Capital S.A.S. purchased a new stake in Domino's Pizza in the 3rd quarter valued at $1,557,000. Institutional investors own 94.63% of the company's stock.

Insider Buying and Selling at Domino's Pizza

In other news, EVP Kelly E. Garcia sold 488 shares of the stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $332.31, for a total transaction of $162,167.28. Following the completion of the transaction, the executive vice president directly owned 9,352 shares of the company's stock, valued at $3,107,763.12. This represents a 4.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.89% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have issued reports on DPZ. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Domino's Pizza from $480.00 to $435.00 and set a "buy" rating on the stock in a report on Tuesday, April 28th. Evercore dropped their price target on shares of Domino's Pizza from $510.00 to $400.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 28th. Weiss Ratings restated a "hold (c)" rating on shares of Domino's Pizza in a report on Friday, March 27th. Mizuho reduced their price objective on shares of Domino's Pizza from $470.00 to $420.00 and set an "outperform" rating for the company in a research report on Tuesday, April 28th. Finally, Gordon Haskett decreased their price objective on shares of Domino's Pizza from $440.00 to $380.00 and set a "buy" rating for the company in a research note on Tuesday, April 28th. Seventeen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Domino's Pizza has a consensus rating of "Hold" and an average price target of $421.35.

Domino's Pizza Price Performance

Shares of Domino's Pizza stock opened at $324.66 on Thursday. The firm has a market cap of $10.80 billion, a PE ratio of 18.69, a P/E/G ratio of 1.53 and a beta of 1.02. Domino's Pizza Inc has a 1 year low of $322.17 and a 1 year high of $499.08. The stock has a fifty day moving average price of $374.79 and a 200-day moving average price of $397.55.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its quarterly earnings results on Monday, April 27th. The restaurant operator reported $4.13 earnings per share for the quarter, missing analysts' consensus estimates of $4.29 by ($0.16). The company had revenue of $1.15 billion during the quarter. Domino's Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.The business's revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.33 earnings per share. As a group, equities analysts anticipate that Domino's Pizza Inc will post 19.22 EPS for the current fiscal year.

Domino's Pizza Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $1.99 dividend. This represents a $7.96 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Monday, June 15th. Domino's Pizza's payout ratio is presently 45.83%.

Domino's Pizza Company Profile

Domino's Pizza, Inc NASDAQ: DPZ is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino's has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino's Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino's has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.

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