Domino's Pizza, Inc. (NASDAQ:DPZ) Shares Acquired by Northern Trust Corp

Northern Trust Corp raised its holdings in shares of Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 11.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 395,393 shares of the restaurant operator's stock after buying an additional 39,038 shares during the quarter. Northern Trust Corp owned about 1.15% of Domino's Pizza worth $165,970,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Sherman Asset Management Inc. bought a new stake in Domino's Pizza during the fourth quarter valued at approximately $25,000. Brown Brothers Harriman & Co. increased its stake in Domino's Pizza by 1,016.7% in the fourth 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 during the last quarter. Covestor Ltd raised its position in Domino's Pizza by 158.1% during the fourth quarter. Covestor Ltd now owns 80 shares of the restaurant operator's stock valued at $34,000 after purchasing an additional 49 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Domino's Pizza by 40.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator's stock worth $38,000 after purchasing an additional 26 shares during the last quarter. Finally, Lee Danner & Bass Inc. bought a new position in shares of Domino's Pizza during the 4th quarter valued at about $42,000. 94.63% of the stock is currently owned by institutional investors.

Domino's Pizza Stock Performance

Domino's Pizza stock traded down $1.93 during mid-day trading on Wednesday, hitting $477.56. The company's stock had a trading volume of 63,167 shares, compared to its average volume of 619,388. Domino's Pizza, Inc. has a one year low of $396.06 and a one year high of $538.44. The stock has a market cap of $16.35 billion, a PE ratio of 29.31, a P/E/G ratio of 2.47 and a beta of 1.15. The company has a 50 day moving average of $464.63 and a 200-day moving average of $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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.12 by $0.21. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.12 billion. Domino's Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. Domino's Pizza's quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.58 earnings per share. On average, equities research analysts forecast that Domino's Pizza, Inc. will post 16.74 EPS for the current fiscal year.

Domino's Pizza Dividend Announcement

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. This represents a $6.96 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date is Friday, June 13th. Domino's Pizza's dividend payout ratio (DPR) is presently 39.91%.

Insiders Place Their Bets

In related news, 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 transaction of $917,933.12. Following the completion of the sale, the executive vice president now directly owns 5,699 shares in the company, valued at $2,486,359.72. This represents a 26.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Reddy Sandeep sold 1,077 shares of Domino's Pizza stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $443.20, for a total value of $477,326.40. Following the completion of the transaction, the chief financial officer now owns 8,081 shares in the company, valued at $3,581,499.20. This trade represents a 11.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,996 shares of company stock worth $3,946,461 in the last three months. Corporate insiders own 0.83% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DPZ. Argus reiterated a "hold" rating and set a $490.00 price target on shares of Domino's Pizza in a research report on Tuesday, April 29th. TD Securities reaffirmed a "buy" rating and set a $490.00 price objective on shares of Domino's Pizza in a research note on Monday, April 28th. Oppenheimer raised their price target on Domino's Pizza from $490.00 to $495.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 7th. Guggenheim lifted their target price on shares of Domino's Pizza from $450.00 to $460.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 22nd. Finally, BMO Capital Markets raised their price target on shares of Domino's Pizza from $515.00 to $540.00 and gave the stock an "outperform" rating in a report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $498.50.

Domino's Pizza 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.