TD Asset Management Inc Reduces Position in Domino’s Pizza Inc $DPZ

TD Asset Management Inc cut its holdings in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 21.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 413,218 shares of the restaurant operator’s stock after selling 110,297 shares during the quarter. TD Asset Management Inc’s holdings in Domino’s Pizza were worth $186,196,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in shares of Domino’s Pizza by 17.2% during the first quarter. GAMMA Investing LLC now owns 566 shares of the restaurant operator’s stock valued at $260,000 after buying an additional 83 shares during the period. Assenagon Asset Management S.A. bought a new stake in shares of Domino’s Pizza during the first quarter valued at about $2,440,000. Wealth Enhancement Advisory Services LLC increased its position in shares of Domino’s Pizza by 207.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 30,208 shares of the restaurant operator’s stock valued at $13,880,000 after buying an additional 20,379 shares during the period. Ritholtz Wealth Management increased its position in shares of Domino’s Pizza by 2.9% during the first quarter. Ritholtz Wealth Management now owns 2,299 shares of the restaurant operator’s stock valued at $1,056,000 after buying an additional 64 shares during the period. Finally, Trust Point Inc. bought a new stake in shares of Domino’s Pizza during the first quarter valued at about $250,000. 94.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DPZ has been the topic of several analyst reports. UBS Group reiterated a “buy” rating and set a $540.00 price target on shares of Domino’s Pizza in a research report on Tuesday, July 22nd. Morgan Stanley upped their price target on Domino’s Pizza from $520.00 to $535.00 and gave the company an “overweight” rating in a research report on Wednesday, October 8th. Citigroup decreased their price target on Domino’s Pizza from $500.00 to $480.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 30th. Sanford C. Bernstein upped their price objective on shares of Domino’s Pizza from $460.00 to $490.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 22nd. Finally, Wells Fargo & Company decreased their price objective on shares of Domino’s Pizza from $490.00 to $450.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $492.54.

Insider Transactions at Domino’s Pizza

In other Domino’s Pizza news, Director James A. Goldman sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $451.49, for a total value of $451,490.00. Following the completion of the sale, the director owned 3,384 shares of the company’s stock, valued at $1,527,842.16. This represents a 22.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.83% of the stock is currently owned by corporate insiders.

Domino’s Pizza Price Performance

Shares of DPZ opened at $424.23 on Wednesday. The firm has a market cap of $14.40 billion, a P/E ratio of 24.64, a P/E/G ratio of 2.24 and a beta of 1.12. The stock has a 50 day simple moving average of $440.76 and a two-hundred day simple moving average of $458.37. Domino’s Pizza Inc has a 1 year low of $397.12 and a 1 year high of $500.55.

Domino’s Pizza (NASDAQ:DPZ) last issued its earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.96 by $0.12. Domino’s Pizza had a negative return on equity of 15.09% and a net margin of 12.49%.The business’s revenue was up 6.2% compared to the same quarter last year. During the same period last year, the company earned $4.19 earnings per share. On average, equities analysts anticipate that Domino’s Pizza Inc will post 16.74 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Monday, December 15th will be paid a $1.74 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $6.96 annualized dividend and a yield of 1.6%. Domino’s Pizza’s dividend payout ratio is currently 40.42%.

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.