Mitsubishi UFJ Trust & Banking Corp Trims Position in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Mitsubishi UFJ Trust & Banking Corp trimmed its position in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 10.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 54,313 shares of the restaurant operator’s stock after selling 6,143 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Domino’s Pizza were worth $22,798,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Sherman Asset Management Inc. bought a new position in Domino’s Pizza in the 4th quarter worth $25,000. True Wealth Design LLC increased its position in Domino’s Pizza by 2,033.3% in the third quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock worth $28,000 after buying an additional 61 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Domino’s Pizza by 40.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock worth $38,000 after buying an additional 26 shares during the period. Lee Danner & Bass Inc. purchased a new position in shares of Domino’s Pizza during the 4th quarter valued at about $42,000. Finally, Mountain Hill Investment Partners Corp. bought a new position in shares of Domino’s Pizza during the 4th quarter valued at approximately $55,000. 94.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Citigroup raised their target price on shares of Domino’s Pizza from $440.00 to $520.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Morgan Stanley lowered their target price on shares of Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Benchmark reiterated a “buy” rating and issued a $520.00 price target on shares of Domino’s Pizza in a research note on Tuesday, February 25th. Stephens restated an “equal weight” rating and issued a $440.00 price objective on shares of Domino’s Pizza in a research report on Monday, March 3rd. Finally, Wedbush reiterated an “outperform” rating and set a $500.00 target price on shares of Domino’s Pizza in a research report on Tuesday, February 25th. 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Domino’s Pizza has an average rating of “Moderate Buy” and an average price target of $503.41.

Domino’s Pizza Stock Up 1.0 %

Shares of NASDAQ:DPZ opened at $471.28 on Friday. The business’s 50 day moving average is $459.07 and its 200 day moving average is $441.06. The stock has a market cap of $16.16 billion, a P/E ratio of 28.95, a price-to-earnings-growth ratio of 2.47 and a beta of 1.06. Domino’s Pizza, Inc. has a 52-week low of $396.06 and a 52-week high of $542.75.

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

Domino’s Pizza Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a $1.74 dividend. This represents a $6.96 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Friday, March 14th. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.51. Domino’s Pizza’s dividend payout ratio is presently 41.70%.

Insider Activity

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 2,104 shares of Domino’s Pizza stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $436.28, for a total value of $917,933.12. Following the transaction, the executive vice president now owns 5,699 shares in the company, valued at $2,486,359.72. The trade was a 26.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Reddy Sandeep sold 1,077 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $443.20, for a total transaction of $477,326.40. Following the sale, the chief financial officer now directly 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,597 shares of company stock worth $3,762,052. Corporate insiders own 0.76% of the company’s stock.

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.