Corient Private Wealth LLC Sells 2,197 Shares of Domino’s Pizza Inc $DPZ

Corient Private Wealth LLC cut its holdings in Domino’s Pizza Inc (NASDAQ:DPZ) by 24.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,868 shares of the restaurant operator’s stock after selling 2,197 shares during the quarter. Corient Private Wealth LLC’s holdings in Domino’s Pizza were worth $2,863,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its stake in shares of Domino’s Pizza by 21,977.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 914,672 shares of the restaurant operator’s stock worth $381,254,000 after purchasing an additional 910,529 shares during the last quarter. Norges Bank bought a new position in shares of Domino’s Pizza in the 4th quarter valued at approximately $285,116,000. Berkshire Hathaway Inc lifted its holdings in Domino’s Pizza by 12.3% in the 4th quarter. Berkshire Hathaway Inc now owns 3,350,000 shares of the restaurant operator’s stock worth $1,396,347,000 after purchasing an additional 368,055 shares during the last quarter. Two Sigma Investments LP raised its position in shares of Domino’s Pizza by 2,845.4% in the third quarter. Two Sigma Investments LP now owns 264,024 shares of the restaurant operator’s stock valued at $113,982,000 after purchasing an additional 255,060 shares during the period. Finally, Woodline Partners LP lifted its stake in shares of Domino’s Pizza by 8,229.8% in the third quarter. Woodline Partners LP now owns 242,314 shares of the restaurant operator’s stock worth $104,609,000 after buying an additional 239,405 shares during the last quarter. 94.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on DPZ. BMO Capital Markets dropped their target price on shares of Domino’s Pizza from $500.00 to $450.00 and set an “outperform” rating on the stock in a report on Tuesday, April 28th. BTIG Research decreased their price target on shares of Domino’s Pizza from $450.00 to $425.00 and set a “buy” rating for the company in a report on Tuesday, June 23rd. Wells Fargo & Company cut their price objective 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. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $325.00 target price on shares of Domino’s Pizza in a report on Tuesday, June 23rd. Finally, Barclays cut their target price on shares of Domino’s Pizza from $370.00 to $315.00 and set an “underweight” rating for the company in a research note on Monday, April 27th. Seventeen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $412.97.

Insider Activity

In other news, EVP Kelly E. Garcia sold 488 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $313.16, for a total value of $152,822.08. Following the completion of the transaction, the executive vice president directly owned 9,352 shares of the company’s stock, valued at approximately $2,928,672.32. This represents a 4.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders sold 1,463 shares of company stock valued at $466,807. Corporate insiders own 0.89% of the company’s stock.

Domino’s Pizza Stock Performance

NASDAQ:DPZ opened at $298.18 on Monday. The company has a market capitalization of $9.92 billion, a price-to-earnings ratio of 17.17, a PEG ratio of 1.39 and a beta of 0.98. The company has a 50-day moving average of $321.40 and a 200-day moving average of $371.08. Domino’s Pizza Inc has a 52 week low of $282.00 and a 52 week high of $496.00.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings results on Monday, April 27th. The restaurant operator reported $4.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.29 by ($0.16). The business had revenue of $1.15 billion during the quarter. Domino’s Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the business earned $4.33 earnings per share. Sell-side analysts forecast that Domino’s Pizza Inc will post 18.99 EPS for the current year.

Domino’s Pizza Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $1.99 dividend. This represents a $7.96 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Monday, June 15th. Domino’s Pizza’s dividend payout ratio is currently 45.83%.

Domino’s Pizza 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.