Fiera Capital Corp Reduces Holdings in Domino's Pizza, Inc. (NYSE:DPZ)

Fiera Capital Corp lowered its stake in shares of Domino's Pizza, Inc. (NYSE:DPZ - Free Report) by 40.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,284 shares of the restaurant operator's stock after selling 1,558 shares during the quarter. Fiera Capital Corp's holdings in Domino's Pizza were worth $942,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Domino's Pizza during the fourth quarter valued at $25,000. Creative Financial Designs Inc. ADV boosted its stake in shares of Domino's Pizza by 127.8% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 82 shares of the restaurant operator's stock valued at $34,000 after purchasing an additional 46 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of Domino's Pizza in the 3rd quarter valued at about $39,000. Quadrant Capital Group LLC grew its position in shares of Domino's Pizza by 41.8% during the 4th quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator's stock worth $46,000 after buying an additional 33 shares during the period. Finally, Jones Financial Companies Lllp bought a new stake in shares of Domino's Pizza during the third quarter worth approximately $49,000. Institutional investors and hedge funds own 94.63% of the company's stock.

Insider Activity

In other news, CEO Russell J. Weiner sold 11,780 shares of the company's stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $526.37, for a total value of $6,200,638.60. Following the sale, the chief executive officer now directly owns 32,001 shares of the company's stock, valued at approximately $16,844,366.37. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP Cynthia A. Headen sold 745 shares of Domino's Pizza stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 3,910 shares in the company, valued at approximately $2,073,473. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Russell J. Weiner sold 11,780 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $526.37, for a total value of $6,200,638.60. Following the completion of the sale, the chief executive officer now owns 32,001 shares in the company, valued at approximately $16,844,366.37. The disclosure for this sale can be found here. Insiders sold a total of 13,401 shares of company stock valued at $6,995,948 in the last quarter. Company insiders own 0.76% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on DPZ shares. Evercore ISI lifted their target price on shares of Domino's Pizza from $510.00 to $560.00 and gave the stock an "outperform" rating in a report on Monday, April 8th. Citigroup lifted their price objective on Domino's Pizza from $505.00 to $530.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 30th. Oppenheimer increased their target price on Domino's Pizza from $530.00 to $580.00 and gave the company an "outperform" rating in a research note on Tuesday, April 30th. Royal Bank of Canada boosted their target price on Domino's Pizza from $525.00 to $575.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 30th. Finally, Wells Fargo & Company upped their price target on Domino's Pizza from $475.00 to $525.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eighteen have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $518.46.

Domino's Pizza Trading Down 0.1 %

Shares of NYSE DPZ traded down $0.27 during mid-day trading on Friday, hitting $513.03. The company had a trading volume of 343,515 shares, compared to its average volume of 634,285. Domino's Pizza, Inc. has a one year low of $285.84 and a one year high of $542.75. The company has a market capitalization of $17.89 billion, a PE ratio of 33.49, a price-to-earnings-growth ratio of 2.56 and a beta of 0.83. The firm has a 50-day simple moving average of $490.11 and a two-hundred day simple moving average of $436.86.

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

Domino's Pizza Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend is Friday, June 14th. Domino's Pizza's dividend payout ratio is currently 39.43%.

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.