Principal Financial Group Inc. Has $716.68 Million Stake in Domino’s Pizza, Inc. (NYSE:DPZ)

Principal Financial Group Inc. grew its stake in Domino’s Pizza, Inc. (NYSE:DPZ) by 1.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,666,158 shares of the restaurant operator’s stock after buying an additional 23,681 shares during the period. Principal Financial Group Inc.’s holdings in Domino’s Pizza were worth $716,681,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of DPZ. Capstone Investment Advisors LLC acquired a new stake in shares of Domino’s Pizza during the 1st quarter valued at about $313,000. GSA Capital Partners LLP boosted its position in shares of Domino’s Pizza by 83.3% during the 1st quarter. GSA Capital Partners LLP now owns 1,683 shares of the restaurant operator’s stock valued at $836,000 after acquiring an additional 765 shares in the last quarter. Texas Permanent School Fund Corp boosted its position in shares of Domino’s Pizza by 2.2% during the 1st quarter. Texas Permanent School Fund Corp now owns 7,201 shares of the restaurant operator’s stock valued at $3,578,000 after acquiring an additional 156 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in shares of Domino’s Pizza by 7.8% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 1,037 shares of the restaurant operator’s stock valued at $515,000 after acquiring an additional 75 shares in the last quarter. Finally, AIA Group Ltd acquired a new stake in shares of Domino’s Pizza during the 1st quarter valued at about $1,292,000. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Domino’s Pizza Stock Performance

Shares of DPZ stock opened at $441.96 on Thursday. Domino’s Pizza, Inc. has a 52-week low of $366.58 and a 52-week high of $542.75. The company has a market capitalization of $15.26 billion, a PE ratio of 27.15, a price-to-earnings-growth ratio of 2.31 and a beta of 0.86. The business’s fifty day moving average is $418.96 and its 200 day moving average is $460.75.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings data on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.65 by $0.54. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter last year, the business posted $4.18 earnings per share. The firm’s revenue was up 5.1% compared to the same quarter last year. On average, sell-side analysts forecast that Domino’s Pizza, Inc. will post 16.86 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a dividend of $1.51 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.37%. Domino’s Pizza’s dividend payout ratio (DPR) is currently 37.10%.

Insider Activity

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 transaction, the director now directly owns 15,390 shares of the company’s stock, valued at approximately $6,591,075.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. BMO Capital Markets cut their price target on shares of Domino’s Pizza from $510.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, October 11th. Bank of America cut their price target on shares of Domino’s Pizza from $582.00 to $557.00 and set a “buy” rating for the company in a report on Friday, October 11th. Barclays cut their price target on shares of Domino’s Pizza from $380.00 to $370.00 and set an “underweight” rating for the company in a report on Friday, October 11th. Guggenheim cut 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. Finally, Jefferies Financial Group cut their price target on shares of Domino’s Pizza from $455.00 to $450.00 and set a “hold” rating for the company in a report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $489.55.

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.