Bank of New York Mellon Corp Has $112.10 Million Stock Position in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Bank of New York Mellon Corp increased its holdings in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) by 3.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 267,046 shares of the restaurant operator’s stock after buying an additional 8,753 shares during the quarter. Bank of New York Mellon Corp owned 0.77% of Domino’s Pizza worth $112,095,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of DPZ. KG&L Capital Management LLC raised its position in Domino’s Pizza by 1.4% in the fourth quarter. KG&L Capital Management LLC now owns 1,725 shares of the restaurant operator’s stock valued at $724,000 after purchasing an additional 23 shares during the last quarter. Greenleaf Trust increased its stake in shares of Domino’s Pizza by 3.1% in the fourth quarter. Greenleaf Trust now owns 854 shares of the restaurant operator’s stock valued at $358,000 after buying an additional 26 shares during the period. Stephens Inc. AR increased its stake in shares of Domino’s Pizza by 1.3% in the fourth quarter. Stephens Inc. AR now owns 2,413 shares of the restaurant operator’s stock valued at $1,013,000 after buying an additional 31 shares during the period. Principal Securities Inc. increased its holdings in Domino’s Pizza by 3.3% in the fourth quarter. Principal Securities Inc. now owns 1,076 shares of the restaurant operator’s stock worth $452,000 after purchasing an additional 34 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its position in shares of Domino’s Pizza by 10.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 429 shares of the restaurant operator’s stock valued at $185,000 after acquiring an additional 40 shares during the period. 94.63% of the stock is currently owned by institutional investors.

Domino’s Pizza Price Performance

Shares of DPZ opened at $489.71 on Friday. The firm’s 50 day simple moving average is $444.92 and its 200 day simple moving average is $436.26. The company has a market capitalization of $16.80 billion, a P/E ratio of 30.08, a P/E/G ratio of 2.47 and a beta of 0.90. Domino’s Pizza, Inc. has a 1-year low of $396.06 and a 1-year high of $542.75.

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

Domino’s Pizza Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $1.74 dividend. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.51. The ex-dividend date of this dividend is Friday, March 14th. This represents a $6.96 annualized dividend and a dividend yield of 1.42%. Domino’s Pizza’s dividend payout ratio (DPR) is currently 41.70%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. BMO Capital Markets boosted their target price on shares of Domino’s Pizza from $500.00 to $515.00 and gave the company an “outperform” rating in a research report on Tuesday, February 25th. Benchmark reiterated a “buy” rating and issued a $520.00 target price on shares of Domino’s Pizza in a research note on Tuesday, February 25th. Loop Capital reduced their target price on shares of Domino’s Pizza from $559.00 to $555.00 and set a “buy” rating for the company in a research note on Tuesday, February 25th. TD Cowen restated a “buy” rating and set a $490.00 price target on shares of Domino’s Pizza in a research report on Monday, February 24th. Finally, Oppenheimer upped their price objective on shares of Domino’s Pizza from $490.00 to $495.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $503.41.

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.