TD Asset Management Inc. Sells 30,405 Shares of Domino’s Pizza, Inc. (NASDAQ:DPZ)

TD Asset Management Inc. cut its stake in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) by 5.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 569,209 shares of the restaurant operator’s stock after selling 30,405 shares during the period. TD Asset Management Inc. owned about 1.65% of Domino’s Pizza worth $238,931,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of DPZ. Sherman Asset Management Inc. bought a new stake in shares of Domino’s Pizza during the 4th quarter worth $25,000. True Wealth Design LLC raised its position in Domino’s Pizza by 2,033.3% in the third quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock worth $28,000 after acquiring an additional 61 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Domino’s Pizza by 40.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock valued at $38,000 after acquiring an additional 26 shares during the last quarter. Lee Danner & Bass Inc. bought a new position in shares of Domino’s Pizza during the 4th quarter valued at approximately $42,000. Finally, Mountain Hill Investment Partners Corp. purchased a new stake in shares of Domino’s Pizza during the 4th quarter worth approximately $55,000. 94.63% of the stock is owned by hedge funds and other institutional investors.

Domino’s Pizza Trading Up 1.0 %

DPZ stock opened at $466.04 on Tuesday. The firm’s 50-day moving average price is $456.08 and its two-hundred day moving average price is $440.30. The stock has a market capitalization of $15.98 billion, a price-to-earnings ratio of 28.63, a PEG ratio of 2.47 and a beta of 1.06. Domino’s Pizza, Inc. has a 12-month low of $396.06 and a 12-month high of $542.75.

Domino’s Pizza (NASDAQ:DPZ) last announced its earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share 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 company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the previous year, the firm posted $4.48 EPS. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. Equities analysts predict that Domino’s Pizza, Inc. will post 16.74 EPS for the current year.

Domino’s Pizza Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $1.74 dividend. This represents a $6.96 annualized dividend and a dividend yield of 1.49%. This is a positive change 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 presently 41.70%.

Analyst Ratings Changes

Several brokerages have weighed in on DPZ. BMO Capital Markets increased their price objective on Domino’s Pizza from $500.00 to $515.00 and gave the company an “outperform” rating in a report on Tuesday, February 25th. TD Securities reissued a “buy” rating and issued a $490.00 price objective on shares of Domino’s Pizza in a report on Monday, February 24th. Robert W. Baird dropped their price objective on shares of Domino’s Pizza from $545.00 to $510.00 and set an “outperform” rating on the stock in a 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 research report on Monday, February 24th. Finally, Oppenheimer boosted their price target on shares of Domino’s Pizza from $490.00 to $495.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $503.41.

Insider Activity at Domino’s Pizza

In other Domino’s Pizza news, CFO Reddy Sandeep sold 1,077 shares of Domino’s Pizza stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $443.20, for a total value of $477,326.40. Following the completion of the transaction, the chief financial officer now directly owns 8,081 shares of the company’s stock, valued at approximately $3,581,499.20. The trade was a 11.76 % 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, EVP Kevin Scott Morris sold 5,416 shares of the stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $437.00, for a total value of $2,366,792.00. Following the sale, the executive vice president now owns 793 shares in the company, valued at approximately $346,541. This represents a 87.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,597 shares of company stock valued at $3,762,052 in the last three months. Company insiders own 0.76% of the company’s stock.

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.