Bank of New York Mellon Corp Has $138.68 Million Stock Holdings in Domino’s Pizza Inc $DPZ

Bank of New York Mellon Corp trimmed its position in Domino’s Pizza Inc (NASDAQ:DPZ) by 6.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 332,706 shares of the restaurant operator’s stock after selling 21,892 shares during the quarter. Bank of New York Mellon Corp’s holdings in Domino’s Pizza were worth $138,678,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Annis Gardner Whiting Capital Advisors LLC grew its holdings in Domino’s Pizza by 97.1% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock valued at $29,000 after buying an additional 34 shares in the last quarter. Johnson Financial Group Inc. grew its holdings in Domino’s Pizza by 200.0% in the 3rd quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 56 shares in the last quarter. MUFG Securities EMEA plc acquired a new position in Domino’s Pizza in the 2nd quarter valued at $46,000. Smartleaf Asset Management LLC grew its holdings in shares of Domino’s Pizza by 64.2% during the 3rd quarter. Smartleaf Asset Management LLC now owns 110 shares of the restaurant operator’s stock worth $48,000 after purchasing an additional 43 shares in the last quarter. Finally, Atlantic Union Bankshares Corp grew its holdings in shares of Domino’s Pizza by 85.5% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 141 shares of the restaurant operator’s stock worth $61,000 after purchasing an additional 65 shares in the last quarter. 94.63% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Barclays dropped their target price on Domino’s Pizza from $370.00 to $315.00 and set an “underweight” rating for the company in a research report on Monday, April 27th. Wells Fargo & Company dropped their target price on Domino’s Pizza from $400.00 to $350.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 28th. BMO Capital Markets dropped their target price on Domino’s Pizza from $500.00 to $450.00 and set an “outperform” rating for the company in a research report on Tuesday, April 28th. Benchmark dropped their target price on Domino’s Pizza from $465.00 to $430.00 and set a “buy” rating for the company in a research report on Tuesday, April 28th. Finally, HSBC lowered their price objective on Domino’s Pizza from $601.00 to $544.00 and set a “buy” rating for the company in a research report on Tuesday, April 28th. Seventeen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Domino’s Pizza presently has an average rating of “Hold” and a consensus price target of $418.13.

Domino’s Pizza Price Performance

NASDAQ DPZ opened at $313.99 on Friday. The business has a 50 day simple moving average of $339.09 and a 200 day simple moving average of $382.59. Domino’s Pizza Inc has a one year low of $297.48 and a one year high of $496.00. The stock has a market capitalization of $10.44 billion, a P/E ratio of 18.08, a P/E/G ratio of 1.46 and a beta of 0.97.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings data on Monday, April 27th. The restaurant operator reported $4.13 EPS for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.16). Domino’s Pizza had a net margin of 11.89% and a negative return on equity of 15.04%. The firm had revenue of $1.15 billion during the quarter. During the same period in the previous year, the business earned $4.33 earnings per share. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. Equities analysts expect that Domino’s Pizza Inc will post 19.07 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $1.99 dividend. This represents a $7.96 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Monday, June 15th. Domino’s Pizza’s dividend payout ratio (DPR) is 45.83%.

Insider Activity

In related news, EVP Kelly E. Garcia sold 488 shares of Domino’s Pizza stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $313.16, for a total transaction of $152,822.08. Following the transaction, the executive vice president owned 9,352 shares of the company’s stock, valued at $2,928,672.32. The trade was a 4.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.89% of the stock is currently owned by insiders.

Domino’s Pizza Company Profile

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.