Cypress Capital Group Lowers Position in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Cypress Capital Group trimmed its position in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) by 22.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,272 shares of the restaurant operator’s stock after selling 371 shares during the period. Cypress Capital Group’s holdings in Domino’s Pizza were worth $534,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. FMR LLC raised its holdings in shares of 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 buying an additional 307,528 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Domino’s Pizza by 1.3% during the 4th quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator’s stock valued at $708,498,000 after buying an additional 21,705 shares in the last quarter. Berkshire Hathaway Inc purchased a new position in shares of Domino’s Pizza during the 3rd quarter valued at about $549,399,000. Bank of New York Mellon Corp raised its holdings in shares of Domino’s Pizza by 3.4% during the 4th quarter. Bank of New York Mellon Corp now owns 267,046 shares of the restaurant operator’s stock valued at $112,095,000 after buying an additional 8,753 shares in the last quarter. Finally, Champlain Investment Partners LLC purchased a new position in shares of Domino’s Pizza during the 3rd quarter valued at about $99,352,000. 94.63% of the stock is owned by hedge funds and other institutional investors.

Domino’s Pizza Trading Down 1.2 %

NASDAQ DPZ opened at $476.18 on Thursday. Domino’s Pizza, Inc. has a 12 month low of $396.06 and a 12 month high of $542.75. The stock has a market cap of $16.33 billion, a P/E ratio of 29.25, a P/E/G ratio of 2.47 and a beta of 1.06. The stock’s fifty day moving average price is $447.99 and its 200-day moving average price is $437.05.

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

Domino’s Pizza Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $1.74 per share. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.51. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Friday, March 14th. Domino’s Pizza’s dividend payout ratio is presently 41.70%.

Wall Street Analysts Forecast Growth

DPZ has been the topic of several recent research reports. TD Securities 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. Benchmark restated a “buy” rating and set a $520.00 price target on shares of Domino’s Pizza in a research report on Tuesday, February 25th. Oppenheimer raised their price target on Domino’s Pizza from $490.00 to $495.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Wedbush restated an “outperform” rating and set a $500.00 price target on shares of Domino’s Pizza in a research report on Tuesday, February 25th. Finally, 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. One analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Domino’s Pizza presently has an average rating of “Moderate Buy” and a consensus target price 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.