USS Investment Management Ltd Decreases Stock Holdings in Domino's Pizza, Inc. (NASDAQ:DPZ)

USS Investment Management Ltd lessened its position in shares of Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 19.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,162 shares of the restaurant operator's stock after selling 1,987 shares during the quarter. USS Investment Management Ltd's holdings in Domino's Pizza were worth $3,425,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in DPZ. Berkshire Hathaway Inc grew its position in shares of Domino's Pizza by 86.5% in the fourth quarter. Berkshire Hathaway Inc now owns 2,382,000 shares of the restaurant operator's stock valued at $999,868,000 after purchasing an additional 1,104,744 shares during the last quarter. Principal Financial Group Inc. increased its stake in Domino's Pizza by 1.3% during the 4th quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator's stock worth $708,498,000 after buying an additional 21,705 shares during the period. Geode Capital Management LLC increased its position in shares of 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 worth $403,203,000 after purchasing an additional 92,389 shares during the last quarter. Invesco Ltd. increased its position 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 during the last quarter. Finally, Norges Bank bought a new stake in shares of Domino's Pizza in the 4th quarter worth about $250,571,000. Hedge funds and other institutional investors own 94.63% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Hsbc Global Res raised shares of Domino's Pizza to a "strong-buy" rating in a research note on Tuesday, April 22nd. Citigroup boosted their price target on shares of Domino's Pizza from $480.00 to $500.00 and gave the company a "neutral" rating in a report on Tuesday, April 29th. Wells Fargo & Company upped their price objective on shares of Domino's Pizza from $445.00 to $465.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 29th. TD Cowen reiterated a "buy" rating and issued a $490.00 target price on shares of Domino's Pizza in a research note on Monday, February 24th. Finally, Benchmark increased their price target on shares of Domino's Pizza from $520.00 to $535.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Domino's Pizza has an average rating of "Moderate Buy" and a consensus target price of $498.50.

Domino's Pizza Stock Performance

Shares of NASDAQ DPZ traded down $10.60 during mid-day trading on Thursday, reaching $472.51. The company's stock had a trading volume of 216,256 shares, compared to its average volume of 624,506. The stock has a 50-day moving average of $472.77 and a two-hundred day moving average of $457.23. The stock has a market capitalization of $16.18 billion, a P/E ratio of 29.01, a P/E/G ratio of 2.47 and a beta of 1.15. Domino's Pizza, Inc. has a 1-year low of $396.06 and a 1-year high of $538.44.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The restaurant operator reported $4.33 earnings per share for the quarter, beating analysts' consensus estimates of $4.12 by $0.21. Domino's Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The firm had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.12 billion. During the same quarter in the previous year, the business posted $3.58 earnings per share. The business's quarterly revenue was up 2.5% compared to the same quarter last year. Analysts predict that Domino's Pizza, Inc. will post 16.74 EPS for the current fiscal year.

Domino's Pizza Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $1.74 per share. The ex-dividend date is Friday, June 13th. This represents a $6.96 annualized dividend and a dividend yield of 1.47%. Domino's Pizza's dividend payout ratio is presently 39.91%.

Insider Activity at Domino's Pizza

In related news, EVP Kelly E. Garcia sold 2,104 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total value of $917,933.12. Following the sale, the executive vice president now directly owns 5,699 shares of the company's stock, valued at approximately $2,486,359.72. This represents a 26.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Reddy Sandeep sold 1,077 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $443.20, for a total transaction of $477,326.40. Following the completion of the sale, the chief financial officer now directly owns 8,081 shares in the company, valued at approximately $3,581,499.20. The trade was a 11.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,996 shares of company stock worth $3,946,461 in the last 90 days. 0.83% of the stock is owned by insiders.

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.