Assetmark Inc. Sells 885 Shares of Domino’s Pizza, Inc. (DPZ)

Assetmark Inc. cut its position in Domino’s Pizza, Inc. (NYSE:DPZ) by 3.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,562 shares of the restaurant operator’s stock after selling 885 shares during the quarter. Assetmark Inc. owned about 0.06% of Domino’s Pizza worth $7,536,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Riverhead Capital Management LLC raised its holdings in Domino’s Pizza by 20.8% in the 3rd quarter. Riverhead Capital Management LLC now owns 2,900 shares of the restaurant operator’s stock valued at $855,000 after acquiring an additional 500 shares in the last quarter. Kepos Capital LP acquired a new position in shares of Domino’s Pizza during the 3rd quarter worth $3,849,000. JPMorgan Chase & Co. raised its holdings in shares of Domino’s Pizza by 129.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 112,037 shares of the restaurant operator’s stock worth $33,028,000 after buying an additional 63,290 shares in the last quarter. GAM Holding AG raised its holdings in shares of Domino’s Pizza by 9.2% during the 3rd quarter. GAM Holding AG now owns 3,563 shares of the restaurant operator’s stock worth $1,051,000 after buying an additional 299 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Domino’s Pizza by 178.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,255 shares of the restaurant operator’s stock worth $959,000 after buying an additional 2,086 shares in the last quarter. 90.51% of the stock is owned by hedge funds and other institutional investors.

In related news, CEO Richard E. Allison, Jr. sold 5,000 shares of the business’s stock in a transaction on Thursday, November 29th. The stock was sold at an average price of $279.31, for a total transaction of $1,396,550.00. Following the sale, the chief executive officer now owns 44,864 shares in the company, valued at approximately $12,530,963.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.97% of the company’s stock.

DPZ has been the subject of a number of research analyst reports. Mizuho set a $300.00 price target on Domino’s Pizza and gave the stock a “buy” rating in a report on Wednesday, October 17th. Maxim Group raised Domino’s Pizza from a “hold” rating to a “buy” rating and boosted their price target for the stock from $305.00 to $310.00 in a report on Wednesday, October 17th. Zacks Investment Research raised Domino’s Pizza from a “sell” rating to a “hold” rating in a report on Wednesday, October 3rd. UBS Group reissued a “hold” rating on shares of Domino’s Pizza in a report on Wednesday, November 7th. Finally, Wells Fargo & Co boosted their price target on Domino’s Pizza from $255.00 to $260.00 and gave the stock a “market perform” rating in a report on Monday, October 8th. They noted that the move was a valuation call. Nine investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $277.00.

Shares of DPZ stock opened at $258.32 on Friday. The firm has a market cap of $11.07 billion, a P/E ratio of 48.37, a PEG ratio of 1.84 and a beta of 0.41. Domino’s Pizza, Inc. has a twelve month low of $177.24 and a twelve month high of $305.34.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings data on Tuesday, October 16th. The restaurant operator reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.20. The business had revenue of $786.00 million for the quarter, compared to analyst estimates of $789.10 million. Domino’s Pizza had a negative return on equity of 11.92% and a net margin of 10.60%. Domino’s Pizza’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.27 EPS. On average, analysts forecast that Domino’s Pizza, Inc. will post 8.44 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 14th will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $2.20 dividend on an annualized basis and a yield of 0.85%. Domino’s Pizza’s dividend payout ratio is currently 41.20%.

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About Domino’s Pizza

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates through three segments: Domestic Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's Pizza brand name through company-owned and franchised Domino's Pizza stores.

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Institutional Ownership by Quarter for Domino`s Pizza (NYSE:DPZ)

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