Domino’s Pizza Inc $DPZ Stock Holdings Lessened by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. cut its stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 0.5% during the second quarter, HoldingsChannel.com reports. The firm owned 28,391 shares of the restaurant operator’s stock after selling 138 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Domino’s Pizza were worth $12,748,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Atlantic Union Bankshares Corp acquired a new stake in shares of Domino’s Pizza during the 2nd quarter valued at $34,000. First Horizon Advisors Inc. increased its stake in shares of Domino’s Pizza by 34.6% in the second quarter. First Horizon Advisors Inc. now owns 1,201 shares of the restaurant operator’s stock worth $541,000 after acquiring an additional 309 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Domino’s Pizza by 25.4% during the second quarter. Bank of New York Mellon Corp now owns 330,443 shares of the restaurant operator’s stock worth $148,898,000 after acquiring an additional 67,023 shares in the last quarter. iA Global Asset Management Inc. raised its holdings in shares of Domino’s Pizza by 354.8% during the second quarter. iA Global Asset Management Inc. now owns 5,621 shares of the restaurant operator’s stock worth $2,533,000 after acquiring an additional 4,385 shares in the last quarter. Finally, Tredje AP fonden boosted its position in Domino’s Pizza by 41.0% during the second quarter. Tredje AP fonden now owns 3,832 shares of the restaurant operator’s stock valued at $1,727,000 after purchasing an additional 1,114 shares during the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on DPZ. Sanford C. Bernstein upped their target price on 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. Guggenheim boosted their price target on Domino’s Pizza from $485.00 to $490.00 and gave the company a “neutral” rating in a research note on Wednesday, August 27th. Weiss Ratings downgraded Domino’s Pizza from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 24th. Loop Capital raised their price objective on shares of Domino’s Pizza from $564.00 to $574.00 and gave the company a “buy” rating in a research report on Tuesday, July 22nd. Finally, Jefferies Financial Group decreased their target price on shares of Domino’s Pizza from $490.00 to $455.00 and set a “hold” rating for the company in a research report on Monday, October 13th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Domino’s Pizza has an average rating of “Moderate Buy” and a consensus target price of $490.32.

Insider Buying and Selling

In related news, Director James A. Goldman sold 1,000 shares of Domino’s Pizza stock in a transaction on Monday, August 18th. The shares were sold at an average price of $451.49, for a total value of $451,490.00. Following the transaction, the director owned 3,384 shares in the company, valued at $1,527,842.16. This trade represents a 22.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.83% of the stock is owned by company insiders.

Domino’s Pizza Stock Performance

Shares of DPZ stock opened at $410.18 on Friday. The stock’s 50 day simple moving average is $427.57 and its 200 day simple moving average is $452.64. Domino’s Pizza Inc has a twelve month low of $392.89 and a twelve month high of $500.55. The company has a market capitalization of $13.86 billion, a price-to-earnings ratio of 23.97, a PEG ratio of 2.15 and a beta of 1.09.

Domino’s Pizza (NASDAQ:DPZ) last announced its earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.96 by $0.12. Domino’s Pizza had a negative return on equity of 14.91% and a net margin of 12.16%.The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the prior year, the business earned $4.19 earnings per share. The company’s revenue was up 6.2% on a year-over-year basis. On average, analysts forecast that Domino’s Pizza Inc will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Monday, December 15th will be paid a $1.74 dividend. The ex-dividend date is Monday, December 15th. This represents a $6.96 dividend on an annualized basis and a yield of 1.7%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 40.68%.

Domino’s Pizza Company 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.