PNC Financial Services Group Inc. Has $3.29 Million Position in Domino’s Pizza Inc $DPZ

PNC Financial Services Group Inc. reduced its stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 27.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 7,889 shares of the restaurant operator’s stock after selling 3,043 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Domino’s Pizza were worth $3,288,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Berkshire Hathaway Inc grew its position in shares of Domino’s Pizza by 13.2% during the 3rd quarter. Berkshire Hathaway Inc now owns 2,981,945 shares of the restaurant operator’s stock worth $1,287,335,000 after buying an additional 348,077 shares during the period. Marshfield Associates grew its position in shares of Domino’s Pizza by 4.0% during the 3rd quarter. Marshfield Associates now owns 744,515 shares of the restaurant operator’s stock worth $321,415,000 after buying an additional 28,765 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Domino’s Pizza by 1.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,762,568 shares of the restaurant operator’s stock valued at $760,939,000 after purchasing an additional 30,647 shares in the last quarter. Mediolanum International Funds Ltd lifted its holdings in shares of Domino’s Pizza by 209.6% during the 3rd quarter. Mediolanum International Funds Ltd now owns 4,155 shares of the restaurant operator’s stock valued at $1,805,000 after purchasing an additional 2,813 shares in the last quarter. Finally, Machina Capital S.A.S. bought a new position in shares of Domino’s Pizza during the 3rd quarter valued at about $1,557,000. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Kelly E. Garcia sold 488 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $332.31, for a total transaction of $162,167.28. Following the sale, the executive vice president owned 9,352 shares in the company, valued at $3,107,763.12. This represents a 4.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.89% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

DPZ has been the topic of several recent analyst reports. DA Davidson cut their price objective on Domino’s Pizza from $436.00 to $423.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Royal Bank Of Canada cut their price objective on Domino’s Pizza from $400.00 to $350.00 and set a “sector perform” rating on the stock in a report on Tuesday, April 28th. Stifel Nicolaus set a $400.00 price objective on Domino’s Pizza in a report on Monday, April 27th. Northcoast Research cut their target price on Domino’s Pizza from $525.00 to $445.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. Finally, Robert W. Baird cut their target price on Domino’s Pizza from $495.00 to $400.00 and set an “outperform” rating on the stock in a research note on Monday, April 27th. Seventeen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $419.74.

Domino’s Pizza Stock Performance

NASDAQ DPZ opened at $316.52 on Tuesday. The stock has a market capitalization of $10.53 billion, a price-to-earnings ratio of 18.22, a PEG ratio of 1.47 and a beta of 1.02. The stock’s 50 day moving average price is $351.34 and its two-hundred day moving average price is $388.52. Domino’s Pizza Inc has a 52 week low of $297.48 and a 52 week high of $496.00.

Domino’s Pizza (NASDAQ:DPZ) last released its earnings results on Monday, April 27th. The restaurant operator reported $4.13 EPS for the quarter, missing the consensus estimate of $4.29 by ($0.16). The firm had revenue of $1.15 billion during the quarter. Domino’s Pizza had a net margin of 11.89% and a negative return on equity of 15.04%. The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the firm earned $4.33 EPS. On average, equities research analysts forecast that Domino’s Pizza Inc will post 19.15 EPS for the current year.

Domino’s Pizza Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $1.99 dividend. The ex-dividend date is Monday, June 15th. This represents a $7.96 annualized dividend and a yield of 2.5%. Domino’s Pizza’s payout ratio is presently 45.83%.

Domino’s Pizza Profile

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.