California Public Employees Retirement System Sells 1,854 Shares of Domino's Pizza, Inc. (NYSE:DPZ)

California Public Employees Retirement System lessened its stake in Domino's Pizza, Inc. (NYSE:DPZ - Free Report) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 220,920 shares of the restaurant operator's stock after selling 1,854 shares during the period. California Public Employees Retirement System owned approximately 0.63% of Domino's Pizza worth $91,070,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. RWA Wealth Partners LLC bought a new stake in shares of Domino's Pizza during the 4th quarter valued at $292,000. Jennison Associates LLC grew its position in shares of Domino's Pizza by 514.7% during the 4th quarter. Jennison Associates LLC now owns 100,738 shares of the restaurant operator's stock valued at $41,527,000 after acquiring an additional 84,350 shares during the period. Handelsbanken Fonder AB grew its position in shares of Domino's Pizza by 9.9% during the 4th quarter. Handelsbanken Fonder AB now owns 4,483 shares of the restaurant operator's stock valued at $1,848,000 after acquiring an additional 402 shares during the period. LRT Capital Management LLC bought a new stake in shares of Domino's Pizza during the 4th quarter valued at $386,000. Finally, CWM LLC grew its position in shares of Domino's Pizza by 9.7% during the 4th quarter. CWM LLC now owns 1,177 shares of the restaurant operator's stock valued at $485,000 after acquiring an additional 104 shares during the period. Institutional investors own 94.63% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on DPZ shares. Barclays raised their target price on shares of Domino's Pizza from $346.00 to $405.00 and gave the company an "underweight" rating in a research note on Tuesday, February 27th. Oppenheimer restated an "outperform" rating and set a $470.00 price target on shares of Domino's Pizza in a report on Thursday, February 22nd. Argus raised Domino's Pizza from a "hold" rating to a "buy" rating and set a $530.00 price objective on the stock in a research note on Tuesday, February 27th. Morgan Stanley raised their target price on shares of Domino's Pizza from $485.00 to $515.00 and gave the company an "overweight" rating in a report on Friday, April 12th. Finally, Piper Sandler upped their price target on shares of Domino's Pizza from $400.00 to $435.00 and gave the company a "neutral" rating in a research note on Tuesday, February 27th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have given a buy rating to the company's stock. Based on data from MarketBeat.com, Domino's Pizza presently has an average rating of "Moderate Buy" and a consensus price target of $460.90.

Insider Transactions at Domino's Pizza

In other news, EVP Cynthia A. Headen sold 108 shares of Domino's Pizza stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total value of $53,468.64. Following the transaction, the executive vice president now owns 3,910 shares of the company's stock, valued at approximately $1,935,762.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Domino's Pizza news, EVP Cynthia A. Headen sold 768 shares of the business's stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $451.52, for a total transaction of $346,767.36. Following the sale, the executive vice president now owns 4,103 shares of the company's stock, valued at approximately $1,852,586.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Cynthia A. Headen sold 108 shares of the business's stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $495.08, for a total transaction of $53,468.64. Following the sale, the executive vice president now directly owns 3,910 shares in the company, valued at approximately $1,935,762.80. The disclosure for this sale can be found here. Insiders own 0.76% of the company's stock.

Domino's Pizza Price Performance

NYSE DPZ traded up $7.05 during trading on Thursday, reaching $494.76. 661,560 shares of the company's stock traded hands, compared to its average volume of 565,628. The firm has a market cap of $17.23 billion, a price-to-earnings ratio of 33.73, a price-to-earnings-growth ratio of 2.51 and a beta of 0.86. The company's 50 day simple moving average is $465.57 and its two-hundred day simple moving average is $417.55. Domino's Pizza, Inc. has a 12-month low of $285.84 and a 12-month high of $508.44.

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, beating analysts' consensus estimates of $4.38 by $0.10. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.42 billion. Domino's Pizza had a net margin of 11.59% and a negative return on equity of 12.56%. The company's revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the firm posted $4.43 EPS. Research analysts expect that Domino's Pizza, Inc. will post 15.72 earnings per share for the current fiscal year.

Domino's Pizza Increases Dividend

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

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.