Integrated Wealth Concepts LLC Sells 576 Shares of Domino's Pizza, Inc. (NASDAQ:DPZ)

Integrated Wealth Concepts LLC lowered its stake in Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 26.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,576 shares of the restaurant operator's stock after selling 576 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Domino's Pizza were worth $662,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sherman Asset Management Inc. acquired a new stake in shares of Domino's Pizza in the 4th quarter valued at about $25,000. Brown Brothers Harriman & Co. lifted its stake in Domino's Pizza by 1,016.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator's stock valued at $28,000 after acquiring an additional 61 shares in the last quarter. Covestor Ltd boosted its position 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 acquiring an additional 49 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Domino's Pizza by 40.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator's stock worth $38,000 after acquiring an additional 26 shares in the last quarter. Finally, Lee Danner & Bass Inc. acquired a new stake in shares of Domino's Pizza in the fourth quarter valued at approximately $42,000. 94.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DPZ has been the topic of several recent research reports. Citigroup lifted their price target on shares of Domino's Pizza from $480.00 to $500.00 and gave the company a "neutral" rating in a research note on Tuesday, April 29th. TD Securities reaffirmed a "buy" rating and set a $490.00 price target on shares of Domino's Pizza in a report on Monday, April 28th. Bank of America upped their price objective on shares of Domino's Pizza from $520.00 to $549.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. Loop Capital raised their target price on shares of Domino's Pizza from $555.00 to $564.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Finally, Wells Fargo & Company upped their price target on shares of Domino's Pizza from $445.00 to $465.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $498.50.

Domino's Pizza Stock Down 0.4 %

Shares of NASDAQ:DPZ traded down $2.14 during trading on Wednesday, hitting $477.36. 38,164 shares of the company were exchanged, compared to its average volume of 619,312. Domino's Pizza, Inc. has a 1-year low of $396.06 and a 1-year high of $538.44. The company has a market capitalization of $16.35 billion, a P/E ratio of 29.32, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15. The business's 50 day moving average is $464.63 and its 200-day moving average is $451.05.

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

Domino's Pizza Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a $1.74 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $6.96 annualized dividend and a dividend yield of 1.46%. Domino's Pizza's dividend payout ratio is 39.91%.

Insiders Place Their Bets

In related news, EVP Kevin Scott Morris sold 5,416 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $437.00, for a total transaction of $2,366,792.00. Following the completion of the sale, the executive vice president now owns 793 shares of the company's stock, valued at $346,541. This trade represents a 87.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Kelly E. Garcia sold 2,104 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total value of $917,933.12. Following the completion of the transaction, the executive vice president now directly owns 5,699 shares in the company, valued at approximately $2,486,359.72. This trade represents a 26.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,996 shares of company stock valued at $3,946,461. 0.83% of the stock is currently owned by company insiders.

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.