Mitsubishi UFJ Trust & Banking Corp Sells 6,143 Shares of Domino’s Pizza, Inc. (NASDAQ:DPZ)

Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 10.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 54,313 shares of the restaurant operator’s stock after selling 6,143 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.16% of Domino’s Pizza worth $22,798,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in DPZ. ICW Investment Advisors LLC boosted its holdings in Domino’s Pizza by 16.3% during the 4th quarter. ICW Investment Advisors LLC now owns 1,261 shares of the restaurant operator’s stock valued at $529,000 after acquiring an additional 177 shares during the period. Mountain Hill Investment Partners Corp. bought a new stake in Domino’s Pizza in the fourth quarter valued at approximately $55,000. Stevens Capital Management LP purchased a new stake in shares of Domino’s Pizza during the fourth quarter valued at approximately $614,000. Fox Run Management L.L.C. bought a new position in shares of Domino’s Pizza in the fourth quarter worth approximately $342,000. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Domino’s Pizza in the fourth quarter worth $7,551,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Robert W. Baird dropped their price target on shares of Domino’s Pizza from $545.00 to $510.00 and set an “outperform” rating for the company in a research report on Tuesday, February 25th. TD Cowen reiterated a “buy” rating and set a $490.00 target price on shares of Domino’s Pizza in a report on Monday, February 24th. Argus downgraded Domino’s Pizza from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 price objective on shares of Domino’s Pizza in a report on Thursday, February 20th. Finally, BMO Capital Markets boosted their target price on Domino’s Pizza from $500.00 to $515.00 and gave the company an “outperform” rating in a research note on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $503.41.

Insider Buying and Selling at Domino’s Pizza

In other Domino’s Pizza news, EVP Kevin Scott Morris sold 5,416 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $437.00, for a total value of $2,366,792.00. Following the completion of the transaction, the executive vice president now owns 793 shares of the company’s stock, valued at approximately $346,541. The trade was a 87.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kelly E. Garcia sold 2,104 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total transaction of $917,933.12. Following the sale, the executive vice president now directly owns 5,699 shares in the company, valued at approximately $2,486,359.72. The trade was a 26.96 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,597 shares of company stock worth $3,762,052. Insiders own 0.76% of the company’s stock.

Domino’s Pizza Price Performance

DPZ opened at $471.28 on Friday. Domino’s Pizza, Inc. has a 1 year low of $396.06 and a 1 year high of $542.75. The stock has a 50-day moving average price of $459.07 and a 200-day moving average price of $441.06. The firm has a market cap of $16.16 billion, a PE ratio of 28.95, a P/E/G ratio of 2.47 and a beta of 1.06.

Domino’s Pizza (NASDAQ:DPZ) last issued its earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.93 by ($0.04). Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same period last year, the firm posted $4.48 earnings per share. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Domino’s Pizza, Inc. will post 16.74 EPS for the current year.

Domino’s Pizza Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $1.74 per share. This represents a $6.96 annualized dividend and a yield of 1.48%. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.51. The ex-dividend date of this dividend is Friday, March 14th. Domino’s Pizza’s dividend payout ratio (DPR) is currently 41.70%.

About Domino’s Pizza

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.