Domino’s Pizza, Inc. (NYSE:DPZ) Stake Cut by Lodestone Wealth Management LLC

Lodestone Wealth Management LLC decreased its holdings in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 5.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 562 shares of the restaurant operator’s stock after selling 32 shares during the period. Lodestone Wealth Management LLC’s holdings in Domino’s Pizza were worth $242,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. International Assets Investment Management LLC grew its position in shares of Domino’s Pizza by 40,191.5% during the 3rd quarter. International Assets Investment Management LLC now owns 523,790 shares of the restaurant operator’s stock valued at $225,303,000 after buying an additional 522,490 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Domino’s Pizza by 107.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 444,780 shares of the restaurant operator’s stock worth $221,003,000 after purchasing an additional 230,090 shares during the period. Vanguard Group Inc. boosted its position in Domino’s Pizza by 5.8% during the 1st quarter. Vanguard Group Inc. now owns 4,098,664 shares of the restaurant operator’s stock valued at $2,036,544,000 after purchasing an additional 222,949 shares during the period. Envestnet Asset Management Inc. boosted its position in Domino’s Pizza by 85.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 327,166 shares of the restaurant operator’s stock valued at $168,926,000 after purchasing an additional 150,526 shares during the period. Finally, Point72 Asset Management L.P. bought a new position in Domino’s Pizza during the 2nd quarter worth $72,296,000. 94.63% of the stock is owned by institutional investors and hedge funds.

Domino’s Pizza Trading Up 2.9 %

Shares of Domino’s Pizza stock opened at $425.83 on Friday. Domino’s Pizza, Inc. has a 1 year low of $345.76 and a 1 year high of $542.75. The company has a market cap of $14.70 billion, a P/E ratio of 26.16, a P/E/G ratio of 2.23 and a beta of 0.86. The stock has a 50-day moving average price of $418.15 and a 200 day moving average price of $461.89.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings results on Thursday, October 10th. The restaurant operator reported $4.19 EPS for the quarter, topping the consensus estimate of $3.65 by $0.54. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period last year, the company posted $4.18 earnings per share. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, equities analysts forecast that Domino’s Pizza, Inc. will post 16.81 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a dividend of $1.51 per share. The ex-dividend date is Friday, December 13th. This represents a $6.04 annualized dividend and a dividend yield of 1.42%. Domino’s Pizza’s dividend payout ratio is 37.10%.

Insider Activity at Domino’s Pizza

In other news, Director Andrew Balson sold 6,970 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $428.27, for a total transaction of $2,985,041.90. Following the completion of the sale, the director now directly owns 15,390 shares of the company’s stock, valued at $6,591,075.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.76% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on DPZ shares. Guggenheim reduced their price target on shares of Domino’s Pizza from $485.00 to $460.00 and set a “neutral” rating for the company in a report on Thursday, September 26th. Wedbush restated an “outperform” rating and issued a $470.00 target price on shares of Domino’s Pizza in a research report on Friday, October 11th. Oppenheimer reaffirmed an “outperform” rating and set a $490.00 price target on shares of Domino’s Pizza in a report on Friday, October 11th. Wells Fargo & Company lowered their target price on Domino’s Pizza from $450.00 to $420.00 and set an “equal weight” rating on the stock in a research report on Friday, October 11th. Finally, BTIG Research reduced their price target on Domino’s Pizza from $580.00 to $500.00 and set a “buy” rating for the company in a research report on Friday, October 11th. One analyst has rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $489.55.

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.