Domino’s Pizza Inc $DPZ Shares Sold by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. lowered its position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 8.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 172,137 shares of the restaurant operator’s stock after selling 15,967 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Domino’s Pizza were worth $71,750,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Berkshire Hathaway Inc lifted its position in Domino’s Pizza by 13.2% during the 3rd quarter. Berkshire Hathaway Inc now owns 2,981,945 shares of the restaurant operator’s stock worth $1,287,335,000 after acquiring an additional 348,077 shares during the period. State Street Corp lifted its position in Domino’s Pizza by 3.8% during the 4th quarter. State Street Corp now owns 1,368,924 shares of the restaurant operator’s stock worth $570,595,000 after acquiring an additional 49,613 shares during the period. Geode Capital Management LLC lifted its position in Domino’s Pizza by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 1,026,391 shares of the restaurant operator’s stock worth $432,033,000 after acquiring an additional 19,019 shares during the period. Invesco Ltd. lifted its position in Domino’s Pizza by 9.3% during the 3rd quarter. Invesco Ltd. now owns 919,830 shares of the restaurant operator’s stock worth $397,100,000 after acquiring an additional 78,594 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Domino’s Pizza by 21,977.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 914,672 shares of the restaurant operator’s stock worth $381,254,000 after acquiring an additional 910,529 shares during the period. Institutional investors and hedge funds own 94.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DPZ. Mizuho decreased their price objective on Domino’s Pizza from $470.00 to $420.00 and set an “outperform” rating for the company in a report on Tuesday, April 28th. Robert W. Baird decreased their price objective on Domino’s Pizza from $495.00 to $400.00 and set an “outperform” rating for the company in a report on Monday, April 27th. UBS Group decreased their price objective on Domino’s Pizza from $480.00 to $425.00 and set a “buy” rating for the company in a report on Tuesday, April 28th. Jefferies Financial Group decreased their price objective on Domino’s Pizza from $400.00 to $350.00 and set a “hold” rating for the company in a report on Tuesday, April 28th. Finally, Evercore decreased their price objective on Domino’s Pizza from $510.00 to $400.00 and set an “outperform” rating for the company in a report on Tuesday, April 28th. Seventeen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Domino’s Pizza presently has a consensus rating of “Moderate Buy” and a consensus target price of $418.13.

Insiders Place Their Bets

In related news, EVP Kelly E. Garcia sold 488 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $313.16, for a total value of $152,822.08. Following the completion of the transaction, the executive vice president owned 9,352 shares of the company’s stock, valued at approximately $2,928,672.32. This represents a 4.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 1,463 shares of company stock valued at $466,807. Corporate insiders own 0.89% of the company’s stock.

Domino’s Pizza Stock Up 3.7%

Shares of DPZ stock opened at $323.88 on Friday. The stock has a market cap of $10.77 billion, a PE ratio of 18.65, a price-to-earnings-growth ratio of 1.51 and a beta of 0.97. The business has a 50-day simple moving average of $335.13 and a 200-day simple moving average of $379.59. Domino’s Pizza Inc has a 52-week low of $297.48 and a 52-week high of $496.00.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings results on Monday, April 27th. The restaurant operator reported $4.13 earnings per share for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.16). The business had revenue of $1.15 billion during the quarter. Domino’s Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period last year, the firm earned $4.33 earnings per share. Sell-side analysts anticipate that Domino’s Pizza Inc will post 19.07 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $1.99 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $7.96 dividend on an annualized basis and a yield of 2.5%. Domino’s Pizza’s dividend payout ratio is presently 45.83%.

Domino’s Pizza Profile

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.