Domino's Pizza, Inc. (NYSE:DPZ) Shares Purchased by Truist Financial Corp

Truist Financial Corp boosted its stake in shares of Domino's Pizza, Inc. (NYSE:DPZ - Free Report) by 76.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,902 shares of the restaurant operator's stock after acquiring an additional 5,573 shares during the quarter. Truist Financial Corp's holdings in Domino's Pizza were worth $5,319,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC bought a new position in shares of Domino's Pizza during the fourth quarter valued at approximately $25,000. Creative Financial Designs Inc. ADV grew its holdings in shares of Domino's Pizza by 127.8% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 82 shares of the restaurant operator's stock worth $34,000 after purchasing an additional 46 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in Domino's Pizza in the 3rd quarter worth about $39,000. Jones Financial Companies Lllp purchased a new stake in Domino's Pizza in the 3rd quarter valued at about $49,000. Finally, Larson Financial Group LLC purchased a new position in shares of Domino's Pizza during the third quarter worth approximately $53,000. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Domino's Pizza Trading Up 1.6 %

Shares of Domino's Pizza stock traded up $8.05 during trading hours on Monday, reaching $522.38. The stock had a trading volume of 417,139 shares, compared to its average volume of 592,990. Domino's Pizza, Inc. has a twelve month low of $285.84 and a twelve month high of $542.75. The firm has a market capitalization of $18.22 billion, a PE ratio of 34.10, a PEG ratio of 2.57 and a beta of 0.83. The stock's 50 day moving average is $476.68 and its 200 day moving average is $425.50.

Domino's Pizza (NYSE:DPZ - Get Free Report) last issued its quarterly earnings results on Monday, April 29th. The restaurant operator reported $3.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.46 by $0.12. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.08 billion. Domino's Pizza had a negative return on equity of 13.19% and a net margin of 11.90%. Domino's Pizza's revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.93 earnings per share. As a group, sell-side analysts predict that Domino's Pizza, Inc. will post 16 earnings per share for the current year.

Domino's Pizza Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a yield of 1.16%. The ex-dividend date is Friday, June 14th. Domino's Pizza's payout ratio is 39.43%.

Wall Street Analyst Weigh In

DPZ has been the topic of several research reports. BTIG Research raised their price objective on Domino's Pizza from $515.00 to $580.00 and gave the stock a "buy" rating in a report on Tuesday, April 30th. Gordon Haskett raised shares of Domino's Pizza from a "hold" rating to a "buy" rating and set a $467.00 price objective for the company in a research note on Tuesday, January 16th. Argus boosted their price target on shares of Domino's Pizza from $580.00 to $600.00 and gave the company a "buy" rating in a report on Tuesday, April 30th. Benchmark increased their price objective on shares of Domino's Pizza from $510.00 to $575.00 and gave the company a "buy" rating in a research note on Tuesday, April 30th. Finally, Jefferies Financial Group increased their target price on Domino's Pizza from $455.00 to $480.00 and gave the company a "hold" rating in a research report on Tuesday, April 16th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $516.19.

Insider Activity

In related news, EVP Cynthia A. Headen sold 768 shares of Domino's Pizza 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 sale, 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 legal filing with the SEC, which is available at this link. In related news, EVP Cynthia A. Headen sold 768 shares of the stock in a transaction on 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 of the company's stock, valued at approximately $1,852,586.56. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Cynthia A. Headen sold 745 shares of Domino's Pizza stock in a transaction on Monday, April 29th. The stock was sold at an average price of $530.30, for a total transaction of $395,073.50. Following the sale, the executive vice president now directly owns 3,910 shares in the company, valued at approximately $2,073,473. The disclosure for this sale can be found here. Insiders have sold a total of 13,401 shares of company stock worth $6,995,948 over the last 90 days. 0.81% of the stock is currently owned by company insiders.

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.