South Dakota Investment Council Reduces Stock Holdings in Domino’s Pizza, Inc. (NYSE:DPZ)

South Dakota Investment Council reduced its position in Domino’s Pizza, Inc. (NYSE:DPZ) by 9.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,000 shares of the restaurant operator’s stock after selling 200 shares during the quarter. South Dakota Investment Council’s holdings in Domino’s Pizza were worth $824,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. AE Wealth Management LLC bought a new position in Domino’s Pizza during the third quarter worth about $735,000. Exchange Traded Concepts LLC boosted its holdings in shares of Domino’s Pizza by 284.4% in the third quarter. Exchange Traded Concepts LLC now owns 246 shares of the restaurant operator’s stock worth $93,000 after acquiring an additional 182 shares during the period. Oak Thistle LLC bought a new stake in shares of Domino’s Pizza during the 3rd quarter valued at $1,097,000. Czech National Bank boosted its stake in Domino’s Pizza by 46.6% in the 3rd quarter. Czech National Bank now owns 6,134 shares of the restaurant operator’s stock worth $2,323,000 after purchasing an additional 1,951 shares during the period. Finally, Asset Management One Co. Ltd. increased its position in shares of Domino’s Pizza by 7.4% during the third quarter. Asset Management One Co. Ltd. now owns 15,168 shares of the restaurant operator’s stock valued at $5,745,000 after buying an additional 1,050 shares during the period. 94.63% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Cynthia A. Headen sold 108 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total value of $53,468.64. Following the transaction, the executive vice president now owns 3,910 shares of the company’s stock, valued at $1,935,762.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Domino’s Pizza news, EVP Cynthia A. Headen sold 768 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $451.52, for a total value of $346,767.36. Following the completion of the sale, the executive vice president now owns 4,103 shares in the company, valued at $1,852,586.56. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Cynthia A. Headen sold 108 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $495.08, for a total value of $53,468.64. Following the completion of the transaction, the executive vice president now directly owns 3,910 shares in the company, valued at approximately $1,935,762.80. The disclosure for this sale can be found here. Insiders own 0.76% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on DPZ shares. Gordon Haskett upgraded shares of Domino’s Pizza from a “hold” rating to a “buy” rating and set a $467.00 target price on the stock in a research note on Tuesday, January 16th. Argus raised Domino’s Pizza from a “hold” rating to a “buy” rating and set a $530.00 price target on the stock in a report on Tuesday, February 27th. BMO Capital Markets upped their price objective on shares of Domino’s Pizza from $475.00 to $535.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 27th. Stephens reiterated an “equal weight” rating and set a $479.00 target price on shares of Domino’s Pizza in a research report on Friday, April 12th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $430.00 price objective (up previously from $420.00) on shares of Domino’s Pizza in a research report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $460.90.

Domino’s Pizza Trading Up 1.4 %

Shares of DPZ opened at $494.76 on Friday. Domino’s Pizza, Inc. has a 1-year low of $285.84 and a 1-year high of $508.44. The firm has a market capitalization of $17.23 billion, a price-to-earnings ratio of 33.73, a PEG ratio of 2.55 and a beta of 0.86. The firm’s 50-day moving average price is $465.57 and its 200-day moving average price is $417.55.

Domino’s Pizza (NYSE:DPZ) last posted its earnings results on Monday, February 26th. The restaurant operator reported $4.48 EPS for the quarter, topping analysts’ consensus estimates of $4.38 by $0.10. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.42 billion. Domino’s Pizza had a net margin of 11.59% and a negative return on equity of 12.56%. The firm’s revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.43 EPS. On average, research analysts forecast that Domino’s Pizza, Inc. will post 15.72 EPS for the current fiscal year.

Domino’s Pizza Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a dividend of $1.51 per share. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.21. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date was Thursday, March 14th. Domino’s Pizza’s payout ratio is currently 41.17%.

About Domino’s Pizza

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.