Principal Financial Group Inc. cut its stake in Domino’s Pizza Inc (NYSE:DPZ) by 0.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 206,412 shares of the restaurant operator’s stock after selling 747 shares during the period. Principal Financial Group Inc. owned 0.47% of Domino’s Pizza worth $40,983,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in shares of Domino’s Pizza by 0.5% during the 2nd quarter. BlackRock Inc. now owns 5,369,812 shares of the restaurant operator’s stock worth $1,135,876,000 after buying an additional 24,988 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Domino’s Pizza by 8.5% during the 2nd quarter. Vanguard Group Inc. now owns 4,164,927 shares of the restaurant operator’s stock worth $881,007,000 after buying an additional 327,585 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Domino’s Pizza by 43.7% during the 2nd quarter. Renaissance Technologies LLC now owns 3,060,900 shares of the restaurant operator’s stock worth $647,472,000 after buying an additional 930,200 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Domino’s Pizza by 26.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 732,223 shares of the restaurant operator’s stock worth $154,887,000 after buying an additional 154,417 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Domino’s Pizza by 2.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 615,384 shares of the restaurant operator’s stock worth $130,174,000 after buying an additional 12,025 shares in the last quarter. Institutional investors and hedge funds own 94.20% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Principal Financial Group Inc. Has $40.98 Million Position in Domino’s Pizza Inc (DPZ)” was first published by Watch List News and is owned by of Watch List News. If you are viewing this piece on another publication, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The original version of this piece can be viewed at https://www.watchlistnews.com/principal-financial-group-inc-has-40-98-million-position-in-dominos-pizza-inc-dpz/1706908.html.

Shares of Domino’s Pizza Inc (DPZ) opened at $175.76 on Thursday. The company has a market capitalization of $7,690.00, a price-to-earnings ratio of 32.96, a P/E/G ratio of 1.81 and a beta of 0.37. Domino’s Pizza Inc has a 12-month low of $156.26 and a 12-month high of $221.58. The company has a debt-to-equity ratio of -1.13, a current ratio of 1.49 and a quick ratio of 1.39.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings results on Thursday, October 12th. The restaurant operator reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.05. The business had revenue of $643.60 million during the quarter, compared to analyst estimates of $627.85 million. Domino’s Pizza had a negative return on equity of 12.59% and a net margin of 9.47%. Domino’s Pizza’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.96 EPS. equities analysts anticipate that Domino’s Pizza Inc will post 5.78 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Thursday, December 14th. Domino’s Pizza’s payout ratio is currently 35.05%.

Domino’s Pizza announced that its board has approved a share repurchase plan on Wednesday, August 2nd that authorizes the company to repurchase $1.25 billion in shares. This repurchase authorization authorizes the restaurant operator to repurchase up to 13.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.

A number of equities analysts have issued reports on DPZ shares. Wells Fargo & Company restated a “market perform” rating and set a $210.00 price target (up from $204.00) on shares of Domino’s Pizza in a report on Monday, October 2nd. Instinet restated a “neutral” rating and set a $198.00 price target (up from $196.00) on shares of Domino’s Pizza in a report on Saturday, July 22nd. Zacks Investment Research cut Domino’s Pizza from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Maxim Group upgraded Domino’s Pizza from a “hold” rating to a “buy” rating and increased their price target for the stock from $220.00 to $230.00 in a report on Thursday, November 2nd. Finally, Credit Suisse Group started coverage on Domino’s Pizza in a report on Wednesday, October 4th. They set a “neutral” rating and a $200.00 price target on the stock. Eleven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $208.90.

In related news, insider Russell J. Weiner sold 7,276 shares of the stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of $195.00, for a total value of $1,418,820.00. Following the completion of the sale, the insider now directly owns 17,563 shares of the company’s stock, valued at approximately $3,424,785. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.57% of the company’s stock.

Domino’s Pizza Profile

Domino’s Pizza, Inc is a pizza restaurant chain company. As of January 1, 2017, the Company operated in over 13,800 locations in over 85 markets around the world. The Company operates through three segments: domestic stores, international franchise and supply chain. Its basic menu features pizza products in various sizes and crust types.

Institutional Ownership by Quarter for Domino`s Pizza (NYSE:DPZ)

Receive News & Ratings for Domino's Pizza Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Domino's Pizza Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.