Domino’s Pizza Inc $DPZ Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 93.9% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 103,633 shares of the restaurant operator’s stock after selling 1,602,552 shares during the period. Principal Financial Group Inc.’s holdings in Domino’s Pizza were worth $37,188,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Domino’s Pizza by 21,977.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 914,672 shares of the restaurant operator’s stock worth $381,254,000 after buying an additional 910,529 shares during the last quarter. Norges Bank acquired a new position in Domino’s Pizza in the fourth quarter valued at approximately $285,116,000. Berkshire Hathaway Inc lifted its holdings in Domino’s Pizza by 12.3% in the fourth quarter. Berkshire Hathaway Inc now owns 3,350,000 shares of the restaurant operator’s stock valued at $1,396,347,000 after acquiring an additional 368,055 shares during the period. Two Sigma Investments LP lifted its holdings in Domino’s Pizza by 2,845.4% in the third quarter. Two Sigma Investments LP now owns 264,024 shares of the restaurant operator’s stock valued at $113,982,000 after acquiring an additional 255,060 shares during the period. Finally, Woodline Partners LP boosted its position in Domino’s Pizza by 8,229.8% in the 3rd quarter. Woodline Partners LP now owns 242,314 shares of the restaurant operator’s stock worth $104,609,000 after purchasing an additional 239,405 shares in the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. BTIG Research cut their target price on shares of Domino’s Pizza from $450.00 to $425.00 and set a “buy” rating for the company in a report on Tuesday, June 23rd. Royal Bank Of Canada restated a “sector perform” rating and set a $325.00 price target on shares of Domino’s Pizza in a research report on Tuesday, June 23rd. Robert W. Baird cut their price objective on shares of Domino’s Pizza from $400.00 to $350.00 and set an “outperform” rating for the company in a report on Tuesday, June 23rd. Wells Fargo & Company cut their price objective on shares of Domino’s Pizza from $350.00 to $325.00 and set an “equal weight” rating for the company in a report on Thursday. Finally, Jefferies Financial Group decreased their price objective on shares of Domino’s Pizza from $400.00 to $350.00 and set a “hold” rating for the company in a research report on Tuesday, April 28th. Seventeen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Domino’s Pizza has a consensus rating of “Moderate Buy” and a consensus target price of $400.57.

Insider Transactions at Domino’s Pizza

In other news, EVP Kelly E. Garcia sold 488 shares of Domino’s Pizza stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $313.16, for a total value of $152,822.08. Following the sale, the executive vice president owned 9,352 shares in the company, valued at $2,928,672.32. This trade represents a 4.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 1,950 shares of company stock worth $611,451 over the last quarter. Company insiders own 0.89% of the company’s stock.

Domino’s Pizza Price Performance

Domino’s Pizza stock opened at $322.18 on Friday. The stock has a market capitalization of $10.72 billion, a PE ratio of 18.55, a price-to-earnings-growth ratio of 1.55 and a beta of 0.97. The business has a 50 day simple moving average of $308.93 and a 200-day simple moving average of $358.76. Domino’s Pizza Inc has a 12 month low of $282.00 and a 12 month high of $496.00.

Domino’s Pizza (NASDAQ:DPZ) last announced its earnings results on Monday, April 27th. The restaurant operator reported $4.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.16). Domino’s Pizza had a net margin of 11.89% and a negative return on equity of 15.04%. The business had revenue of $1.15 billion for the quarter. During the same quarter last year, the business earned $4.33 EPS. Domino’s Pizza’s quarterly revenue was up 3.5% on a year-over-year basis. On average, equities research analysts anticipate that Domino’s Pizza Inc will post 18.88 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a dividend of $1.99 per share. The ex-dividend date was Monday, June 15th. This represents a $7.96 dividend on an annualized basis and a yield of 2.5%. Domino’s Pizza’s dividend payout ratio is currently 45.83%.

About Domino’s Pizza

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.