Northwest & Ethical Investments L.P. Sells 230 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

Northwest & Ethical Investments L.P. lessened its holdings in Domino’s Pizza, Inc. (NYSE:DPZ) by 34.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 440 shares of the restaurant operator’s stock after selling 230 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Domino’s Pizza were worth $189,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC raised its position in shares of Domino’s Pizza by 40,191.5% in the 3rd quarter. International Assets Investment Management LLC now owns 523,790 shares of the restaurant operator’s stock valued at $225,303,000 after purchasing an additional 522,490 shares during the last quarter. FMR LLC increased its stake in Domino’s Pizza by 16.3% during the 3rd quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock valued at $941,936,000 after purchasing an additional 307,528 shares in the last quarter. Champlain Investment Partners LLC acquired a new stake in shares of Domino’s Pizza during the third quarter worth $99,352,000. Envestnet Asset Management Inc. grew its holdings in shares of Domino’s Pizza by 85.2% during the second quarter. Envestnet Asset Management Inc. now owns 327,166 shares of the restaurant operator’s stock valued at $168,926,000 after buying an additional 150,526 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in shares of Domino’s Pizza in the 2nd quarter valued at $72,296,000. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Stock Up 0.8 %

NYSE:DPZ opened at $476.19 on Friday. The stock has a market cap of $16.44 billion, a PE ratio of 29.25, a price-to-earnings-growth ratio of 2.55 and a beta of 0.86. The firm’s fifty day simple moving average is $433.11 and its 200-day simple moving average is $454.43. Domino’s Pizza, Inc. has a fifty-two week low of $386.88 and a fifty-two week high of $542.75.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share for the quarter, topping analysts’ consensus estimates of $3.65 by $0.54. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.18 earnings per share. Equities analysts anticipate that Domino’s Pizza, Inc. will post 16.82 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a dividend of $1.51 per share. The ex-dividend date is Friday, December 13th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.27%. Domino’s Pizza’s payout ratio is 37.10%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft dropped their price target on Domino’s Pizza from $500.00 to $480.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. TD Cowen raised their price target on shares of Domino’s Pizza from $475.00 to $515.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Wedbush restated an “outperform” rating and set a $470.00 price objective on shares of Domino’s Pizza in a research note on Friday, October 11th. Piper Sandler reduced their target price on shares of Domino’s Pizza from $436.00 to $429.00 and set a “neutral” rating for the company in a report on Monday, October 7th. Finally, Guggenheim lowered their price target on shares of Domino’s Pizza from $485.00 to $460.00 and set a “neutral” rating on the stock in a report on Thursday, September 26th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Domino’s Pizza has a consensus rating of “Moderate Buy” and an average price target of $495.76.

Insiders Place Their Bets

In related news, EVP Kevin Scott Morris sold 2,646 shares of Domino’s Pizza stock in a transaction on Friday, November 15th. The shares were sold at an average price of $459.00, for a total value of $1,214,514.00. Following the completion of the sale, the executive vice president now owns 1,966 shares in the company, valued at approximately $902,394. The trade was a 57.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andrew Balson sold 6,970 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $428.27, for a total value of $2,985,041.90. Following the sale, the director now owns 15,390 shares in the company, valued at $6,591,075.30. The trade was a 31.17 % decrease in their position. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by insiders.

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.