Cadence Bank Has $4.81 Million Holdings in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Cadence Bank raised its stake in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 2.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,451 shares of the restaurant operator’s stock after purchasing an additional 252 shares during the period. Cadence Bank’s holdings in Domino’s Pizza were worth $4,807,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of Domino’s Pizza in the fourth quarter valued at $250,571,000. Invesco Ltd. raised its stake in shares of Domino’s Pizza by 46.0% in the 4th quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator’s stock valued at $255,649,000 after buying an additional 191,752 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Domino’s Pizza in the 4th quarter valued at $41,701,000. Geode Capital Management LLC lifted its holdings in shares of Domino’s Pizza by 10.7% during the 4th quarter. Geode Capital Management LLC now owns 955,160 shares of the restaurant operator’s stock worth $403,203,000 after acquiring an additional 92,389 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Domino’s Pizza during the 4th quarter valued at about $32,592,000. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Domino’s Pizza Trading Up 1.0 %

Domino’s Pizza stock opened at $466.74 on Friday. Domino’s Pizza, Inc. has a 1 year low of $396.06 and a 1 year high of $542.75. The company’s 50-day moving average is $462.08 and its two-hundred day moving average is $445.42. The company has a market cap of $16.01 billion, a PE ratio of 28.67, a PEG ratio of 2.47 and a beta of 1.15.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings data on Monday, February 24th. The restaurant operator reported $4.89 earnings per share for the quarter, missing the consensus estimate of $4.93 by ($0.04). Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the prior year, the company earned $4.48 earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis. Research analysts forecast that Domino’s Pizza, Inc. will post 16.74 EPS for the current year.

Domino’s Pizza Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a dividend of $1.74 per share. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.51. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.49%. Domino’s Pizza’s payout ratio is 41.70%.

Wall Street Analyst Weigh In

A number of research analysts have commented on DPZ shares. Citigroup cut their price target on shares of Domino’s Pizza from $500.00 to $480.00 and set a “neutral” rating for the company in a research note on Thursday, April 10th. TD Cowen reaffirmed a “buy” rating and issued a $490.00 price target on shares of Domino’s Pizza in a research note on Monday, February 24th. Morgan Stanley dropped their price objective on Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Benchmark reissued a “buy” rating and set a $520.00 price objective on shares of Domino’s Pizza in a report on Tuesday, February 25th. Finally, TD Securities reaffirmed a “buy” rating and issued a $490.00 target price on shares of Domino’s Pizza in a report on Monday, March 31st. One analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $496.88.

Insider Activity at Domino’s Pizza

In other Domino’s Pizza news, EVP Reddy Sandeep sold 399 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $462.18, for a total value of $184,409.82. Following the sale, the executive vice president now directly owns 8,756 shares in the company, valued at approximately $4,046,848.08. This trade represents a 4.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Kevin Scott Morris sold 5,416 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $437.00, for a total transaction of $2,366,792.00. Following the completion of the transaction, the executive vice president now directly owns 793 shares of the company’s stock, valued at $346,541. This trade represents a 87.23 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,996 shares of company stock worth $3,946,461. 0.83% of the stock is owned by insiders.

Domino’s Pizza Company 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.