Fisher Asset Management LLC Reduces Domino's Pizza (NYSE:DPZ) Stake



Fisher Asset Management LLC reduced its holdings in Domino's Pizza Inc. (NYSE:DPZ – free report ) by 3.7% during the fourth quarter, according to the latest filing with the Securities and Exchange Commission. The institutional investor now owns 69,649 shares of the restaurant operator's stock, selling 2,654 shares during the period. Fisher Asset Management LLC holds approximately 0.20% of Domino's Pizza shares, valued at $28,712,000, according to the latest filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company's stock. Coatue Management LLC acquired a new position in Domino's Pizza during the fourth quarter, valued at approximately $322.859 million. Norges Bank acquired a new position in Domino's Pizza during the fourth quarter, valued at approximately $208.604 million. International Assets Investment Management LLC increased its holding in Domino's Pizza by 39,287.9% during the fourth quarter. International Assets Investment Management LLC now owns 499,438 shares of the restaurant operator's stock, valued at $205.883 million, after purchasing an additional 498,170 shares in the last quarter. TD Asset Management Inc increased its holding in Domino's Pizza by 66.8% during the fourth quarter. TD Asset Management Inc. now holds 497,111 shares of the restaurant operator's stock valued at $204,924,000 after purchasing an additional 199,060 shares during the period. Finally, FMR LLC increased its holdings 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 $541,202,000 after purchasing an additional 197,413 shares in the last quarter. 94.63% of the stock is now held by institutional investors.

Insiders bet

In other news, CEO Russell J. Weiner sold 11,780 shares of the company's stock in a transaction on Monday, April 29th. The shares were sold at an average price of $526.37, for a total value of $6,200,638.60. With this transaction, the CEO now owns 32,001 shares of the company's stock, valued at approximately $16,844,366.37. The sale was disclosed in a filing with the SEC, which can be accessed on the SEC's website. In related news, EVP Cynthia A. Headen sold 108 shares of Domino's Pizza stock in a transaction 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 completion of the sale, the Executive Vice President now owns 3,910 shares of the company's stock, valued at approximately $1,935,762.80. The transaction was disclosed in a legal filing with the Securities and Exchange Commission, which can be accessed on the SEC's website. Additionally, CEO Russell J. Weiner sold 11,780 shares of the company's stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $526.37, for a total value of $6,200,638.60. Following the completion of the sale, the CEO now directly owns 32,001 shares of the company's stock, valued at approximately $16,844,366.37. The disclosure for this sale can be found here. Insiders have sold a total of 12,633 shares of the company's stock in the past quarter for a total value of $6,649,181. 0.81% of the stock is owned by insiders.

Domino's Pizza shares up 2.1%

NYSE DPZ opened trading at $532.27 on Tuesday. The company's 50-day simple moving average is $508.40 and its 200-day simple moving average is $457.54. The company has a market cap of $18.57 billion, a price-to-earnings ratio (PE) of 34.74, a price-to-earnings ratio (PEG) of 2.57 and a beta of 0.85. Domino's Pizza's 52-week low is $313.87 and its 52-week high is $542.75.

Domino's Pizza (NYSE:DPZ – get free report ) announced its latest earnings results on Monday, April 29th. The restaurant operator reported quarterly EPS of $3.58, beating analysts' consensus estimates 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 the consensus estimate of $1.08 billion. During the same period last year, the company earned $2.93 per share. Domino's Pizza's quarterly revenue increased 5.9% compared to the same period last year. Research analysts expect Domino's Pizza to post 16 EPS this year.

Domino's Pizza Dividend Announcement

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. This equates to a dividend of $6.04 on an annualized basis, or a yield of 1.13%. The ex-dividend date is Friday, June 14th. Domino's Pizza's dividend payout ratio is currently 39.43%.

Analysts Set New Price Targets

Several research firms have recently issued reports on DPZ. Oppenheimer increased their price target on Domino's Pizza from $530.00 to $580.00 and gave the stock an “outperform” rating in a report on Tuesday, April 30th. UBS Group raised their price target on Domino's Pizza from $526.00 to $570.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Stifel Nicolaus increased their price target on Domino's Pizza from $500.00 to $550.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Wells Fargo & Company increased their price target on Domino's Pizza from $475.00 to $525.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 30th. Finally, Robert W. Baird boosted their price objective on Domino's Pizza from $510.00 to $530.00 and gave the company a “neutral” rating in a report on Tuesday, April 30. One analyst has rated the stock as a sell, nine have rated it as a hold, and nine have rated it as a buy. According to MarketBeat, the company currently has a “moderate buy” consensus rating with a consensus target price of $525.66.

Get the latest DPZ stock report

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.

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



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