Mercer Global Advisors Inc. ADV Boosts Stock Holdings in Domino's Pizza, Inc. (NASDAQ:DPZ)

Mercer Global Advisors Inc. ADV boosted its holdings in Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 53.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,648 shares of the restaurant operator's stock after acquiring an additional 917 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in Domino's Pizza were worth $1,112,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Norges Bank bought a new position in Domino's Pizza during the fourth quarter valued at approximately $250,571,000. Invesco Ltd. grew its holdings in shares of Domino's Pizza by 46.0% in the fourth quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator's stock worth $255,649,000 after acquiring an additional 191,752 shares during the period. Freestone Grove Partners LP purchased a new stake in Domino's Pizza during the fourth quarter valued at $56,647,000. Vaughan Nelson Investment Management L.P. purchased a new stake in Domino's Pizza during the fourth quarter valued at $41,701,000. Finally, Geode Capital Management LLC lifted its holdings in Domino's Pizza by 10.7% in the fourth quarter. Geode Capital Management LLC now owns 955,160 shares of the restaurant operator's stock valued at $403,203,000 after acquiring an additional 92,389 shares during the period. 94.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Citigroup increased their price objective on shares of Domino's Pizza from $480.00 to $500.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 29th. Royal Bank of Canada upped their target price on shares of Domino's Pizza from $500.00 to $550.00 and gave the company an "outperform" rating in a report on Tuesday, April 29th. Wells Fargo & Company lifted their price target on shares of Domino's Pizza from $445.00 to $465.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 29th. Argus restated a "hold" rating and issued a $490.00 price objective on shares of Domino's Pizza in a research note on Tuesday, April 29th. Finally, Morgan Stanley raised their target price on Domino's Pizza from $492.00 to $510.00 and gave the stock an "overweight" rating in a report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Domino's Pizza has an average rating of "Moderate Buy" and an average target price of $498.50.

Domino's Pizza Price Performance

Shares of DPZ stock traded up $3.50 during trading hours on Thursday, hitting $486.73. The stock had a trading volume of 115,698 shares, compared to its average volume of 623,688. The stock has a market capitalization of $16.67 billion, a price-to-earnings ratio of 29.92, a PEG ratio of 2.47 and a beta of 1.15. Domino's Pizza, Inc. has a one year low of $396.06 and a one year high of $538.44. The stock's 50-day moving average price is $464.61 and its two-hundred day moving average price is $453.27.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its earnings results on Monday, April 28th. The restaurant operator reported $4.33 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $1.12 billion. During the same period in the prior year, the company earned $3.58 EPS. The business's revenue was up 2.5% compared to the same quarter last year. As a group, equities research analysts predict that Domino's Pizza, Inc. will post 16.74 earnings per share for the current fiscal year.

Domino's Pizza Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $1.74 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $6.96 annualized dividend and a dividend yield of 1.43%. Domino's Pizza's dividend payout ratio (DPR) is presently 39.91%.

Insider Transactions at Domino's Pizza

In other Domino's Pizza news, EVP Reddy Sandeep sold 399 shares of the firm's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $462.18, for a total transaction of $184,409.82. Following the transaction, the executive vice president now directly owns 8,756 shares in the company, valued at $4,046,848.08. This trade represents a 4.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Kelly E. Garcia sold 2,104 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $436.28, for a total value of $917,933.12. Following the completion of the sale, the executive vice president now owns 5,699 shares of the company's stock, valued at $2,486,359.72. This represents a 26.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,996 shares of company stock worth $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.