Kestra Advisory Services LLC Reduces Stock Position in Domino’s Pizza, Inc. (NYSE:DPZ)

Kestra Advisory Services LLC decreased its holdings in Domino’s Pizza, Inc. (NYSE:DPZ) by 8.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,203 shares of the restaurant operator’s stock after selling 106 shares during the period. Kestra Advisory Services LLC’s holdings in Domino’s Pizza were worth $442,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Keybank National Association OH raised its stake in shares of Domino’s Pizza by 2.2% during the fourth quarter. Keybank National Association OH now owns 1,352 shares of the restaurant operator’s stock valued at $518,000 after acquiring an additional 29 shares in the last quarter. TFG Advisers LLC increased its holdings in Domino’s Pizza by 1.3% during the 1st quarter. TFG Advisers LLC now owns 2,377 shares of the restaurant operator’s stock worth $874,000 after purchasing an additional 30 shares during the period. Cigna Investments Inc. New raised its position in Domino’s Pizza by 2.3% during the 1st quarter. Cigna Investments Inc. New now owns 1,475 shares of the restaurant operator’s stock valued at $542,000 after purchasing an additional 33 shares in the last quarter. Nissay Asset Management Corp Japan ADV lifted its holdings in shares of Domino’s Pizza by 0.9% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 4,079 shares of the restaurant operator’s stock worth $1,564,000 after buying an additional 38 shares during the period. Finally, Meeder Asset Management Inc. grew its position in shares of Domino’s Pizza by 28.6% during the 1st quarter. Meeder Asset Management Inc. now owns 171 shares of the restaurant operator’s stock worth $63,000 after buying an additional 38 shares in the last quarter. Institutional investors and hedge funds own 98.10% of the company’s stock.

Several analysts recently weighed in on the company. Royal Bank of Canada lifted their price objective on Domino’s Pizza from $446.00 to $466.00 and gave the company an “outperform” rating in a report on Friday, April 30th. Northcoast Research restated a “neutral” rating on shares of Domino’s Pizza in a report on Monday, May 10th. JPMorgan Chase & Co. increased their price objective on shares of Domino’s Pizza from $400.00 to $420.00 and gave the company an “overweight” rating in a research note on Monday, April 12th. They noted that the move was a valuation call. Robert W. Baird boosted their price objective on shares of Domino’s Pizza from $455.00 to $485.00 and gave the stock an “outperform” rating in a research note on Thursday, May 13th. Finally, BMO Capital Markets started coverage on Domino’s Pizza in a report on Monday, March 29th. They set a “market perform” rating and a $400.00 target price for the company. Twelve research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $431.69.

Domino’s Pizza stock opened at $448.43 on Friday. Domino’s Pizza, Inc. has a 52 week low of $319.71 and a 52 week high of $452.97. The business’s 50-day moving average price is $414.88. The firm has a market capitalization of $17.41 billion, a P/E ratio of 36.37, a price-to-earnings-growth ratio of 2.86 and a beta of 0.48.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings data on Thursday, April 29th. The restaurant operator reported $3.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.94 by $0.06. The firm had revenue of $983.70 million for the quarter, compared to analyst estimates of $978.61 million. Domino’s Pizza had a net margin of 11.53% and a negative return on equity of 14.49%. As a group, equities analysts expect that Domino’s Pizza, Inc. will post 12.77 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 30th. Stockholders of record on Tuesday, June 15th will be issued a $0.94 dividend. The ex-dividend date of this dividend is Monday, June 14th. This represents a $3.76 annualized dividend and a dividend yield of 0.84%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 31.31%.

In other Domino’s Pizza news, Director Diana F. Cantor sold 6,000 shares of the company’s stock in a transaction dated Monday, June 7th. The shares were sold at an average price of $435.92, for a total value of $2,615,520.00. Following the completion of the transaction, the director now owns 7,929 shares in the company, valued at $3,456,409.68. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Joseph Hugh Jordan sold 3,970 shares of the stock in a transaction dated Wednesday, May 5th. The stock was sold at an average price of $432.65, for a total transaction of $1,717,620.50. Following the sale, the executive vice president now directly owns 7,044 shares in the company, valued at $3,047,586.60. The disclosure for this sale can be found here. Insiders sold 25,798 shares of company stock worth $11,304,717 in the last 90 days. Company insiders own 1.32% 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. It operates through three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's brand name through company-owned and franchised stores.

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Institutional Ownership by Quarter for Domino`s Pizza (NYSE:DPZ)

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