Wells Fargo & Company MN buys 11,115 shares of Domino's Pizza (NYSE:DPZ) stock



Wells Fargo & Company MN increased its holdings in Domino's Pizza Inc. (NYSE:DPZ – free report ) by 9.2% during the fourth quarter, according to the latest filing with the SEC. The institutional investor bought an additional 11,115 shares during the period, giving it a total holdings of 132,264 shares of the restaurant operator's stock. Wells Fargo & Company MN now holds approximately 0.38% of Domino's Pizza Inc. shares worth $54,523,000, according to the latest filing with the SEC.

Other institutional investors also increased or decreased their stakes in the company. FMR LLC increased its stake in Domino's Pizza by 16.0% in the third quarter. FMR LLC now holds 1,428,765 shares of the restaurant operator's stock valued at $541.202 million. It acquired an additional 197,413 shares in the last quarter. Norges Bank acquired a new position in Domino's Pizza in the fourth quarter valued at approximately $208.604 million. International Asset Investment Management LLC increased its stake in Domino's Pizza by 39,287.9% in the fourth quarter. International Asset Investment Management LLC now holds 499,438 shares of the restaurant operator's stock valued at $205.883 million. It acquired an additional 498,170 shares in the last quarter. Northern Trust Corporation increased its stake in Domino's Pizza by 9.4% during the third quarter. Northern Trust Corporation now holds 381,443 shares of the restaurant operator's stock, valued at $144,487,000, after acquiring an additional 32,820 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC increased its stake in Domino's Pizza by 4.9% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now holds 300,782 shares of the restaurant operator's stock, valued at $113,933,000, after acquiring an additional 14,013 shares during the last quarter. 94.63% of the stock is owned by institutional investors.

What Wall Street analysts are saying

A number of research analysts have offered their opinions on the stock. Jefferies Financial Group increased their price target on Domino's Pizza from $455.00 to $480.00 and gave the company a “hold” rating in a research note on Tuesday, April 16th. Robert W. Baird increased their price target on Domino's Pizza from $510.00 to $530.00 and gave the company a “neutral” rating in a research note on Tuesday, April 30th. Deutsche Bank increased their price target on Domino's Pizza from $555.00 to $580.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Citigroup increased their price target on Domino's Pizza from $505.00 to $530.00 and gave the company a “neutral” rating in a research note on Tuesday, April 30th. Finally, Morgan Stanley boosted their price target on Domino's Pizza from $485.00 to $515.00 and gave the company an “overweight” rating in a research note on Friday, April 12. One research analyst has rated the stock with a sell rating, nine have given a hold rating, and eighteen have given a buy rating. According to MarketBeat data, the stock currently has a consensus rating of a “moderate buy” with a consensus price target of $518.46.

Check out the latest stock report on DPZ

Domino's Pizza's Inner Workings

In related news, Executive Vice President, Cynthia A. Hedden sold 745 shares of the company's stock in a transaction on Monday, April 29th. The shares were sold at an average price of $530.30, for a total transaction value of $395,073.50. The transaction now means the Executive Vice President owns 3,910 shares of the company's stock, valued at approximately $2,073,473. The transaction was disclosed in a legal filing with the SEC, which is available on the SEC's website. In other Domino's Pizza news, Executive Vice President, Cynthia A. Hedden sold 768 shares of the company's stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $451.52, for a total transaction value of $346,767.36. Following the sale, the Executive Vice President now owns 4,103 shares of the company's stock, valued at approximately $1,852,586.56. The sale was disclosed in a legal filing with the SEC, available at this link. Additionally, Executive Vice President, Cynthia A. Headen sold 745 shares of the company's stock in a transaction on Monday, April 29th. The shares were sold at an average price of $530.30, for a total transaction value of $395,073.50. Following the completion of the sale, the Executive Vice President now directly owns 3,910 shares of the company's stock, valued at approximately $2,073,473. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,401 shares of the company's stock, valued at $6,995,948. Insiders own 0.76% of her shares in the company.

Domino's Pizza Price Performance

NYSE:DPZ shares opened trading at $502.16 on Friday. The company's 50-day moving average price is $496.36 and its 200-day moving average price is $442.12. The company has a market cap of $17.52 billion, a price-to-earnings ratio of 32.78, a PEG ratio of 2.48 and a beta of 0.83. Domino's Pizza, Inc.'s low over the past year is $285.84 and its high over the past year is $542.75.

Domino's Pizza (NYSE:DPZ – get free report ) released its latest earnings report on Monday, April 29th. The restaurant operator reported quarterly EPS of $3.58, beating the consensus estimate of $3.46 by $0.12. Domino's Pizza had a net margin of 11.90% and a return on equity of -13.19%. The company's quarterly revenue was $1.08 billion, beating analyst expectations of $1.08 billion. In the same quarter last year, the company earned EPS of $2.93. The company's quarterly revenue increased 5.9% year over year. Equity research analysts, as a group, expect Domino's Pizza to post EPS of $1.68 this year.

Domino's Pizza announces dividend

The company also recently declared a quarterly dividend, which is scheduled to be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a dividend of $1.51 per share. This equates to an annualized dividend of $6.04 and a dividend yield of 1.20%. The ex-dividend date for this dividend is Friday, June 14th. Domino's Pizza's dividend payout ratio is currently 39.43%.

Domino's Pizza Profile

(Free report)

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. The company serves pizza under the Domino's brand through company-operated and franchised restaurants.

References

Want to see if other hedge funds hold DPZ? Visit HoldingsChannel.com to get the latest 13F filings and insider transactions for Domino's Pizza, Inc. (NYSE:DPZ – Free Report).

Domino's Pizza (NYSE:DPZ) Institutional Holdings by Quarter



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