Bank of New York Mellon Corp Increases Stock Holdings in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Bank of New York Mellon Corp increased its holdings in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 3.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 267,046 shares of the restaurant operator’s stock after acquiring an additional 8,753 shares during the period. Bank of New York Mellon Corp’s holdings in Domino’s Pizza were worth $112,095,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. FMR LLC lifted its position in Domino’s Pizza by 16.3% during the third quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock valued at $941,936,000 after buying an additional 307,528 shares during the period. Principal Financial Group Inc. increased its holdings in Domino’s Pizza by 1.3% in the 4th quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator’s stock worth $708,498,000 after buying an additional 21,705 shares in the last quarter. Berkshire Hathaway Inc bought a new stake in Domino’s Pizza in the 3rd quarter worth about $549,399,000. Champlain Investment Partners LLC bought a new stake in shares of Domino’s Pizza during the 3rd quarter valued at about $99,352,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Domino’s Pizza by 1.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 229,099 shares of the restaurant operator’s stock valued at $98,545,000 after purchasing an additional 2,201 shares during the period. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Wall Street Analyst Weigh In

DPZ has been the subject of a number of recent research reports. Benchmark restated a “buy” rating and set a $520.00 price target on shares of Domino’s Pizza in a research note on Tuesday, February 25th. Citigroup boosted their price objective on Domino’s Pizza from $440.00 to $520.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Barclays boosted their price objective on Domino’s Pizza from $402.00 to $420.00 and gave the company an “underweight” rating in a research note on Tuesday, February 25th. Oppenheimer boosted their price objective on Domino’s Pizza from $490.00 to $495.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 price objective on shares of Domino’s Pizza in a research note on Thursday, February 20th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $503.41.

Domino’s Pizza Stock Performance

NASDAQ DPZ opened at $489.71 on Friday. The company has a market cap of $16.80 billion, a P/E ratio of 30.08, a P/E/G ratio of 2.47 and a beta of 0.90. The business’s 50 day moving average price is $444.92 and its 200-day moving average price is $436.26. Domino’s Pizza, Inc. has a fifty-two week low of $396.06 and a fifty-two week high of $542.75.

Domino’s Pizza (NASDAQ:DPZ) last released 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). The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.47 billion. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.48 EPS. As a group, equities analysts predict that Domino’s Pizza, Inc. will post 16.74 EPS for the current year.

Domino’s Pizza Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a $1.74 dividend. This represents a $6.96 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Friday, March 14th. 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%.

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.