TD Asset Management Inc. Sells 30,405 Shares of Domino’s Pizza, Inc. (NASDAQ:DPZ)

TD Asset Management Inc. decreased its position in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 5.1% during the fourth quarter, Holdings Channel reports. The fund owned 569,209 shares of the restaurant operator’s stock after selling 30,405 shares during the period. TD Asset Management Inc.’s holdings in Domino’s Pizza were worth $238,931,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of DPZ. Sherman Asset Management Inc. purchased a new stake in Domino’s Pizza in the fourth quarter worth about $25,000. True Wealth Design LLC grew its stake in shares of 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 valued at $28,000 after acquiring an additional 61 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Domino’s Pizza by 40.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock worth $38,000 after acquiring an additional 26 shares in the last quarter. Lee Danner & Bass Inc. bought a new stake in Domino’s Pizza during the 4th quarter worth approximately $42,000. Finally, Mountain Hill Investment Partners Corp. purchased a new position in Domino’s Pizza during the fourth quarter valued at approximately $55,000. 94.63% of the stock is owned by hedge funds and other institutional investors.

Domino’s Pizza Stock Up 1.0 %

Shares of DPZ opened at $466.04 on Tuesday. The company has a 50 day moving average of $456.08 and a two-hundred day moving average of $440.30. The company has a market cap of $15.98 billion, a price-to-earnings ratio of 28.63, a price-to-earnings-growth ratio of 2.47 and a beta of 1.06. Domino’s Pizza, Inc. has a twelve month low of $396.06 and a twelve month high of $542.75.

Domino’s Pizza (NASDAQ:DPZ) last announced its earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share for the quarter, missing the consensus estimate of $4.93 by ($0.04). Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter last year, the firm earned $4.48 earnings per share. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, sell-side analysts expect that Domino’s Pizza, Inc. will post 16.74 EPS for the current year.

Domino’s Pizza Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $1.74 per share. The ex-dividend date is Friday, March 14th. This represents a $6.96 annualized dividend and a dividend yield of 1.49%. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.51. Domino’s Pizza’s dividend payout ratio is 41.70%.

Insider Activity at Domino’s Pizza

In other Domino’s Pizza news, CFO Reddy Sandeep sold 1,077 shares of Domino’s Pizza stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $443.20, for a total transaction of $477,326.40. Following the completion of the sale, the chief financial officer now owns 8,081 shares of the company’s stock, valued at approximately $3,581,499.20. The trade was a 11.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Kelly E. Garcia sold 2,104 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total value of $917,933.12. Following the completion of the transaction, the executive vice president now directly owns 5,699 shares in the company, valued at $2,486,359.72. This represents a 26.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,597 shares of company stock valued at $3,762,052 in the last three months. 0.76% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DPZ. Oppenheimer increased their price objective on shares of Domino’s Pizza from $490.00 to $495.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Morgan Stanley cut their price target on Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. BMO Capital Markets boosted their price objective on Domino’s Pizza from $500.00 to $515.00 and gave the company an “outperform” rating in a research report on Tuesday, February 25th. TD Cowen reiterated a “buy” rating and set a $490.00 target price on shares of Domino’s Pizza in a research report on Monday, February 24th. Finally, Benchmark reissued a “buy” rating and issued a $520.00 price target on shares of Domino’s Pizza in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $503.41.

About Domino’s Pizza

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.