Federated Hermes Inc. Buys 6,137 Shares of Domino’s Pizza, Inc. (NASDAQ:DPZ)

Federated Hermes Inc. boosted its stake in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 11.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 61,894 shares of the restaurant operator’s stock after purchasing an additional 6,137 shares during the quarter. Federated Hermes Inc.’s holdings in Domino’s Pizza were worth $25,981,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Sherman Asset Management Inc. bought a new stake in shares of Domino’s Pizza during the fourth quarter valued at approximately $25,000. Brown Brothers Harriman & Co. grew its position in Domino’s Pizza by 1,016.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 61 shares during the period. EverSource Wealth Advisors LLC increased its stake in Domino’s Pizza by 40.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock valued at $38,000 after purchasing an additional 26 shares in the last quarter. Lee Danner & Bass Inc. acquired a new position in Domino’s Pizza during the fourth quarter worth $42,000. Finally, Mountain Hill Investment Partners Corp. acquired a new position in Domino’s Pizza during the fourth quarter worth $55,000. 94.63% of the stock is owned by institutional investors.

Insider Activity

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 2,104 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total value of $917,933.12. Following the sale, the executive vice president now directly owns 5,699 shares in the company, valued at $2,486,359.72. This represents a 26.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Reddy Sandeep sold 399 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $462.18, for a total transaction of $184,409.82. Following the completion of the transaction, the executive vice president now directly owns 8,756 shares of the company’s stock, valued at approximately $4,046,848.08. The trade was a 4.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,996 shares of company stock worth $3,946,461 over the last ninety days. Company insiders own 0.83% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Morgan Stanley reduced their price objective on shares of Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. BMO Capital Markets boosted their price objective on Domino’s Pizza from $500.00 to $515.00 and gave the stock an “outperform” rating in a report on Tuesday, February 25th. Oppenheimer increased their price objective on Domino’s Pizza from $490.00 to $495.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Citigroup lifted their target price on Domino’s Pizza from $440.00 to $520.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Finally, Argus lowered Domino’s Pizza from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Domino’s Pizza currently has an average rating of “Moderate Buy” and an average price target of $503.04.

Domino’s Pizza Stock Down 1.3 %

NASDAQ DPZ opened at $430.72 on Wednesday. The company’s 50 day moving average is $461.83 and its 200-day moving average is $443.70. The firm has a market cap of $14.77 billion, a P/E ratio of 26.46, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15. 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 posted 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). The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The company’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.48 EPS. Equities analysts expect that Domino’s Pizza, Inc. will post 16.74 EPS for the current year.

Domino’s Pizza Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $1.74 per share. This represents a $6.96 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.51. Domino’s Pizza’s payout ratio is presently 41.70%.

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.