Resona Asset Management Co. Ltd. Has $12.99 Million Stock Holdings in Domino’s Pizza Inc (NASDAQ:DPZ)

Resona Asset Management Co. Ltd. increased its holdings in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 13.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,529 shares of the restaurant operator’s stock after buying an additional 3,424 shares during the period. Resona Asset Management Co. Ltd. owned about 0.08% of Domino’s Pizza worth $12,990,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Wood Tarver Financial Group LLC bought a new stake in shares of Domino’s Pizza in the 4th quarter valued at $25,000. Alpine Bank Wealth Management bought a new stake in shares of Domino’s Pizza in the 1st quarter valued at $25,000. LRI Investments LLC bought a new stake in shares of Domino’s Pizza in the 1st quarter valued at $27,000. Zions Bancorporation National Association UT bought a new stake in shares of Domino’s Pizza in the 1st quarter valued at $27,000. Finally, Covestor Ltd increased its stake in shares of Domino’s Pizza by 158.1% in the 4th quarter. Covestor Ltd now owns 80 shares of the restaurant operator’s stock valued at $34,000 after acquiring an additional 49 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Domino’s Pizza Stock Performance

NASDAQ:DPZ opened at $450.98 on Thursday. The firm has a market cap of $15.31 billion, a PE ratio of 26.19, a price-to-earnings-growth ratio of 2.42 and a beta of 1.09. Domino’s Pizza Inc has a fifty-two week low of $396.06 and a fifty-two week high of $500.55. The business has a 50 day moving average price of $459.14 and a 200-day moving average price of $464.88.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings data on Monday, July 21st. The restaurant operator reported $3.81 earnings per share for the quarter, missing analysts’ consensus estimates of $3.93 by ($0.12). The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Domino’s Pizza had a net margin of 12.49% and a negative return on equity of 15.09%. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period last year, the company posted $4.03 EPS. Research analysts predict that Domino’s Pizza Inc will post 16.74 EPS for the current year.

Domino’s Pizza Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a $1.74 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $6.96 dividend on an annualized basis and a yield of 1.5%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 40.42%.

Wall Street Analysts Forecast Growth

DPZ has been the topic of a number of analyst reports. Melius initiated coverage on shares of Domino’s Pizza in a report on Monday, July 14th. They set a “hold” rating and a $500.00 price objective on the stock. Morgan Stanley lifted their price objective on shares of Domino’s Pizza from $510.00 to $514.00 and gave the stock an “overweight” rating in a report on Thursday, July 10th. TD Securities reaffirmed a “buy” rating and set a $490.00 price objective on shares of Domino’s Pizza in a report on Monday, April 28th. Redburn Atlantic initiated coverage on shares of Domino’s Pizza in a report on Tuesday, June 10th. They set a “sell” rating and a $340.00 price objective on the stock. Finally, Citigroup lifted their price objective on shares of Domino’s Pizza from $480.00 to $500.00 and gave the stock a “neutral” rating in a report on Tuesday, April 29th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $489.67.

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.