SG Americas Securities LLC Decreases Stake in Domino's Pizza, Inc. (NYSE:DPZ)

SG Americas Securities LLC decreased its stake in shares of Domino's Pizza, Inc. (NYSE:DPZ - Free Report) by 46.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,608 shares of the restaurant operator's stock after selling 4,887 shares during the period. SG Americas Securities LLC's holdings in Domino's Pizza were worth $2,312,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Domino's Pizza by 0.7% during the first quarter. Vanguard Group Inc. now owns 3,884,266 shares of the restaurant operator's stock valued at $1,580,935,000 after buying an additional 28,157 shares during the last quarter. Principal Financial Group Inc. boosted its position in Domino's Pizza by 4.2% in the third quarter. Principal Financial Group Inc. now owns 1,704,241 shares of the restaurant operator's stock worth $645,549,000 after purchasing an additional 68,317 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its position in Domino's Pizza by 23.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,616,607 shares of the restaurant operator's stock worth $559,993,000 after purchasing an additional 306,750 shares during the last quarter. State Street Corp boosted its position in Domino's Pizza by 3.9% in the second quarter. State Street Corp now owns 1,532,276 shares of the restaurant operator's stock worth $516,362,000 after purchasing an additional 56,942 shares during the last quarter. Finally, FMR LLC boosted its position in Domino's Pizza by 16.0% in the third quarter. FMR LLC now owns 1,428,765 shares of the restaurant operator's stock worth $541,202,000 after purchasing an additional 197,413 shares during the last quarter. Hedge funds and other institutional investors own 94.63% of the company's stock.

Insider Transactions at Domino's Pizza

In other news, EVP Cynthia A. Headen sold 768 shares of the company's stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $451.52, for a total value of $346,767.36. Following the completion of the transaction, the executive vice president now directly owns 4,103 shares in the company, valued at approximately $1,852,586.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.76% of the company's stock.

Domino's Pizza Stock Performance

Domino's Pizza stock traded up $4.72 during midday trading on Thursday, hitting $496.85. 668,818 shares of the company's stock were exchanged, compared to its average volume of 555,382. Domino's Pizza, Inc. has a 52-week low of $285.84 and a 52-week high of $497.14. The stock has a 50-day moving average price of $439.09 and a two-hundred day moving average price of $402.16. The company has a market cap of $17.31 billion, a P/E ratio of 33.87, a PEG ratio of 2.44 and a beta of 0.85.

Domino's Pizza (NYSE:DPZ - Get Free Report) last posted its earnings results on Monday, February 26th. The restaurant operator reported $4.48 EPS for the quarter, topping the consensus estimate of $4.38 by $0.10. Domino's Pizza had a negative return on equity of 12.56% and a net margin of 11.59%. The business had revenue of $1.40 billion during the quarter, compared to analysts' expectations of $1.42 billion. During the same period in the previous year, the business earned $4.43 earnings per share. The firm's revenue was up .8% on a year-over-year basis. As a group, sell-side analysts expect that Domino's Pizza, Inc. will post 15.74 earnings per share for the current year.

Domino's Pizza Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be issued a $1.51 dividend. This is a boost from Domino's Pizza's previous quarterly dividend of $1.21. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date is Thursday, March 14th. Domino's Pizza's dividend payout ratio is presently 41.17%.

Wall Street Analyst Weigh In

Several research firms have weighed in on DPZ. Sanford C. Bernstein raised Domino's Pizza from an "underperform" rating to a "market perform" rating and boosted their price objective for the stock from $330.00 to $370.00 in a research report on Tuesday, January 9th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $430.00 price objective (up previously from $420.00) on shares of Domino's Pizza in a research report on Tuesday, February 27th. Piper Sandler boosted their price objective on Domino's Pizza from $400.00 to $435.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 27th. HSBC began coverage on Domino's Pizza in a research note on Wednesday, December 20th. They issued a "buy" rating and a $466.00 target price on the stock. Finally, Benchmark upgraded Domino's Pizza from a "hold" rating to a "buy" rating and set a $455.00 target price on the stock in a research note on Monday, December 11th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $441.79.

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.