Royal London Asset Management Ltd. Grows Position in Domino’s Pizza, Inc. (NYSE:DPZ)

Royal London Asset Management Ltd. raised its position in Domino’s Pizza, Inc. (NYSE:DPZ) by 12.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,912 shares of the restaurant operator’s stock after acquiring an additional 1,699 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Domino’s Pizza were worth $6,414,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its stake in shares of Domino’s Pizza by 162.5% during the second quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock worth $31,000 after purchasing an additional 39 shares in the last quarter. True Wealth Design LLC lifted its holdings in Domino’s Pizza by 2,033.3% during the 3rd quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock worth $28,000 after buying an additional 61 shares during the last quarter. Central Pacific Bank Trust Division acquired a new position in shares of Domino’s Pizza during the 3rd quarter worth about $30,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Domino’s Pizza in the 3rd quarter valued at about $43,000. Finally, Crewe Advisors LLC raised its position in shares of Domino’s Pizza by 46.6% during the 2nd quarter. Crewe Advisors LLC now owns 107 shares of the restaurant operator’s stock worth $55,000 after acquiring an additional 34 shares in the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Insider Transactions at Domino’s Pizza

In other Domino’s Pizza news, EVP Kevin Scott Morris sold 2,646 shares of Domino’s Pizza stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $459.00, for a total transaction of $1,214,514.00. Following the completion of the transaction, the executive vice president now owns 1,966 shares in the company, valued at approximately $902,394. The trade was a 57.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Andrew Balson sold 6,970 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $428.27, for a total transaction of $2,985,041.90. Following the completion of the sale, the director now owns 15,390 shares in the company, valued at $6,591,075.30. This represents a 31.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.76% of the company’s stock.

Domino’s Pizza Price Performance

Shares of DPZ stock opened at $459.59 on Monday. The business’s fifty day moving average price is $436.83 and its 200 day moving average price is $451.84. The firm has a market capitalization of $15.87 billion, a PE ratio of 28.23, a P/E/G ratio of 2.52 and a beta of 0.88. Domino’s Pizza, Inc. has a 1-year low of $392.52 and a 1-year high of $542.75.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share for the quarter, topping analysts’ consensus estimates of $3.65 by $0.54. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the prior year, the company posted $4.18 EPS. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. Equities research analysts expect that Domino’s Pizza, Inc. will post 16.82 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given a dividend of $1.51 per share. The ex-dividend date is Friday, December 13th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.31%. Domino’s Pizza’s payout ratio is 37.10%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DPZ. Bank of America lowered their price target on Domino’s Pizza from $582.00 to $557.00 and set a “buy” rating for the company in a report on Friday, October 11th. Piper Sandler lowered their target price on shares of Domino’s Pizza from $436.00 to $429.00 and set a “neutral” rating for the company in a report on Monday, October 7th. Citigroup cut their price target on shares of Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating on the stock in a research note on Friday, October 11th. Oppenheimer reissued an “outperform” rating and issued a $490.00 price target on shares of Domino’s Pizza in a research report on Friday, October 11th. Finally, Evercore ISI cut their target price on Domino’s Pizza from $500.00 to $480.00 and set an “outperform” rating on the stock in a research report on Monday, October 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $495.76.

Domino’s Pizza Company Profile

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.