Domino’s Pizza, Inc. (DPZ) Holdings Increased by Franklin Resources Inc.

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Franklin Resources Inc. boosted its position in Domino’s Pizza, Inc. (NYSE:DPZ) by 4.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 184,186 shares of the restaurant operator’s stock after purchasing an additional 7,257 shares during the period. Franklin Resources Inc.’s holdings in Domino’s Pizza were worth $54,298,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. grew its stake in Domino’s Pizza by 5.8% in the 2nd quarter. BlackRock Inc. now owns 5,316,377 shares of the restaurant operator’s stock worth $1,500,121,000 after acquiring an additional 292,482 shares during the period. FMR LLC grew its stake in Domino’s Pizza by 15.3% in the 3rd quarter. FMR LLC now owns 1,365,933 shares of the restaurant operator’s stock worth $402,677,000 after acquiring an additional 181,591 shares during the period. Bank of New York Mellon Corp grew its stake in Domino’s Pizza by 1.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 511,626 shares of the restaurant operator’s stock worth $150,828,000 after acquiring an additional 5,135 shares during the period. Morgan Stanley grew its stake in Domino’s Pizza by 36.3% in the 2nd quarter. Morgan Stanley now owns 290,070 shares of the restaurant operator’s stock worth $81,849,000 after acquiring an additional 77,244 shares during the period. Finally, Bank of America Corp DE grew its stake in Domino’s Pizza by 41.9% in the 2nd quarter. Bank of America Corp DE now owns 275,099 shares of the restaurant operator’s stock worth $77,625,000 after acquiring an additional 81,286 shares during the period. 90.51% of the stock is owned by hedge funds and other institutional investors.

Shares of DPZ opened at $258.32 on Friday. The firm has a market capitalization of $11.08 billion, a price-to-earnings ratio of 34.46, a P/E/G ratio of 1.84 and a beta of 0.41. Domino’s Pizza, Inc. has a fifty-two week low of $177.24 and a fifty-two week high of $305.34.

Domino’s Pizza (NYSE:DPZ) last posted its earnings results on Tuesday, October 16th. The restaurant operator reported $1.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.75 by $0.20. The business had revenue of $786.00 million for the quarter, compared to analyst estimates of $789.10 million. Domino’s Pizza had a net margin of 10.60% and a negative return on equity of 11.92%. The business’s quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.27 EPS. Equities research analysts expect that Domino’s Pizza, Inc. will post 8.44 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 14th will be issued a dividend of $0.55 per share. The ex-dividend date is Thursday, December 13th. This represents a $2.20 annualized dividend and a dividend yield of 0.85%. Domino’s Pizza’s payout ratio is 41.20%.

Several analysts have commented on the stock. Zacks Investment Research raised shares of Domino’s Pizza from a “sell” rating to a “hold” rating in a research note on Thursday, September 27th. Maxim Group lifted their target price on shares of Domino’s Pizza from $285.00 to $305.00 and gave the stock a “hold” rating in a research note on Wednesday, October 10th. Wells Fargo & Co lifted their target price on shares of Domino’s Pizza from $255.00 to $260.00 and gave the stock a “market perform” rating in a research note on Monday, October 8th. They noted that the move was a valuation call. Citigroup decreased their price target on shares of Domino’s Pizza from $298.00 to $293.00 and set a “neutral” rating on the stock in a report on Monday, October 22nd. Finally, UBS Group assumed coverage on shares of Domino’s Pizza in a report on Monday, October 22nd. They issued a “neutral” rating and a $285.00 price target on the stock. Nine analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Domino’s Pizza has an average rating of “Buy” and an average price target of $277.00.

In related news, CEO Richard E. Allison, Jr. sold 5,000 shares of Domino’s Pizza stock in a transaction on Thursday, November 29th. The shares were sold at an average price of $279.31, for a total transaction of $1,396,550.00. Following the transaction, the chief executive officer now owns 44,864 shares in the company, valued at approximately $12,530,963.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.97% of the company’s stock.

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About Domino’s Pizza

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates through three segments: Domestic Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's Pizza brand name through company-owned and franchised Domino's Pizza stores.

Featured Story: Hedge Funds

Want to see what other hedge funds are holding DPZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Domino’s Pizza, Inc. (NYSE:DPZ).

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

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