Assenagon Asset Management S.A. Lowers Stock Holdings in Domino’s Pizza Inc $DPZ

Assenagon Asset Management S.A. lessened its position in Domino’s Pizza Inc (NASDAQ:DPZ) by 51.0% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 9,198 shares of the restaurant operator’s stock after selling 9,571 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Domino’s Pizza were worth $3,300,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Berkshire Hathaway Inc grew its position in Domino’s Pizza by 13.2% in the 3rd quarter. Berkshire Hathaway Inc now owns 2,981,945 shares of the restaurant operator’s stock valued at $1,287,335,000 after acquiring an additional 348,077 shares in the last quarter. Marshfield Associates increased its stake in Domino’s Pizza by 4.0% during the third quarter. Marshfield Associates now owns 744,515 shares of the restaurant operator’s stock worth $321,415,000 after purchasing an additional 28,765 shares during the period. Teacher Retirement System of Texas lifted its position in shares of Domino’s Pizza by 55.7% during the fourth quarter. Teacher Retirement System of Texas now owns 45,212 shares of the restaurant operator’s stock worth $18,845,000 after purchasing an additional 16,179 shares in the last quarter. Amica Mutual Insurance Co. lifted its position in shares of Domino’s Pizza by 59.8% during the fourth quarter. Amica Mutual Insurance Co. now owns 16,576 shares of the restaurant operator’s stock worth $6,909,000 after purchasing an additional 6,203 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Domino’s Pizza by 10.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 67,117 shares of the restaurant operator’s stock valued at $28,544,000 after purchasing an additional 6,223 shares during the period. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. BMO Capital Markets dropped their price objective on shares of Domino’s Pizza from $500.00 to $450.00 and set an “outperform” rating for the company in a report on Tuesday, April 28th. Sanford C. Bernstein reduced their target price on shares of Domino’s Pizza from $470.00 to $390.00 and set a “market perform” rating on the stock in a report on Tuesday, April 28th. Stifel Nicolaus set a $400.00 price target on shares of Domino’s Pizza in a research report on Monday, April 27th. UBS Group reaffirmed a “buy” rating on shares of Domino’s Pizza in a research report on Tuesday, June 23rd. Finally, Gordon Haskett reduced their price objective on Domino’s Pizza from $440.00 to $380.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. Seventeen 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $412.97.

Insider Activity at Domino’s Pizza

In related news, EVP Kelly E. Garcia sold 488 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $313.16, for a total transaction of $152,822.08. Following the completion of the transaction, the executive vice president owned 9,352 shares in the company, valued at approximately $2,928,672.32. The trade was a 4.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold a total of 1,463 shares of company stock worth $466,807 in the last three months. Insiders own 0.89% of the company’s stock.

Domino’s Pizza Stock Up 0.7%

Shares of NASDAQ:DPZ opened at $296.04 on Wednesday. The firm’s 50 day moving average price is $318.38 and its 200 day moving average price is $369.35. The stock has a market cap of $9.85 billion, a price-to-earnings ratio of 17.04, a price-to-earnings-growth ratio of 1.37 and a beta of 0.97. Domino’s Pizza Inc has a fifty-two week low of $282.00 and a fifty-two 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 EPS for the quarter, missing the consensus estimate of $4.29 by ($0.16). Domino’s Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.The firm had revenue of $1.15 billion for the quarter. During the same period in the previous year, the business earned $4.33 EPS. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, equities analysts anticipate that Domino’s Pizza Inc will post 18.99 EPS for the current year.

Domino’s Pizza Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a dividend of $1.99 per share. This represents a $7.96 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, June 15th. Domino’s Pizza’s payout ratio is 45.83%.

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.