Ostrum Asset Management Invests $986,000 in Domino's Pizza, Inc. (NASDAQ:DPZ)

Ostrum Asset Management acquired a new position in shares of Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,350 shares of the restaurant operator's stock, valued at approximately $986,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Sherman Asset Management Inc. bought a new position in Domino's Pizza during the fourth quarter valued at about $25,000. Brown Brothers Harriman & Co. increased its holdings in Domino's Pizza by 1,016.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator's stock valued at $28,000 after purchasing an additional 61 shares in the last quarter. Covestor Ltd raised its holdings in shares of Domino's Pizza by 158.1% in the fourth quarter. Covestor Ltd now owns 80 shares of the restaurant operator's stock valued at $34,000 after buying an additional 49 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of 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 in the last quarter. Finally, Lee Danner & Bass Inc. acquired a new stake in shares of Domino's Pizza in the 4th quarter valued at $42,000. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $500.00 price objective on shares of Domino's Pizza in a research note on Tuesday, April 1st. Argus cut Domino's Pizza from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Wedbush reissued an "outperform" rating and issued a $500.00 target price on shares of Domino's Pizza in a research note on Tuesday, February 25th. Morgan Stanley decreased their target price on Domino's Pizza from $510.00 to $496.00 and set an "overweight" rating for the company in a research report on Tuesday, January 21st. Finally, Barclays increased their price target on shares of Domino's Pizza from $420.00 to $425.00 and gave the company an "underweight" rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $499.48.

Insider Buying and Selling

In related news, EVP Kelly E. Garcia sold 2,104 shares of the firm's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $436.28, for a total value of $917,933.12. Following the sale, the executive vice president now directly owns 5,699 shares of the company's stock, valued at $2,486,359.72. This trade represents a 26.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing 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 approximately $3,581,499.20. This represents a 11.76 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,996 shares of company stock worth $3,946,461. Corporate insiders own 0.83% of the company's stock.

Domino's Pizza Price Performance

Domino's Pizza stock traded down $0.39 during mid-day trading on Friday, reaching $487.58. 1,019,996 shares of the company were exchanged, compared to its average volume of 627,990. The company has a fifty day simple moving average of $462.60 and a 200-day simple moving average of $447.91. The firm has a market cap of $16.72 billion, a PE ratio of 29.95, a PEG ratio of 2.47 and a beta of 1.15. Domino's Pizza, Inc. has a 12 month low of $396.06 and a 12 month high of $542.75.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its quarterly earnings results on Monday, February 24th. The restaurant operator reported $4.89 EPS for the quarter, missing analysts' consensus estimates of $4.93 by ($0.04). The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.47 billion. Domino's Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The firm's revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.48 EPS. Sell-side analysts anticipate that Domino's Pizza, Inc. will post 16.74 earnings per share for the current year.

Domino's Pizza Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a dividend of $1.74 per share. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from Domino's Pizza's previous quarterly dividend of $1.51. Domino's Pizza's dividend payout ratio is 41.70%.

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.