Domino’s Pizza, Inc. (NASDAQ:DPZ) Shares Acquired by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV increased its position in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) by 53.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 2,648 shares of the restaurant operator’s stock after acquiring an additional 917 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Domino’s Pizza were worth $1,112,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. raised its stake in shares of Domino’s Pizza by 1.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator’s stock valued at $708,498,000 after acquiring an additional 21,705 shares in the last quarter. Geode Capital Management LLC raised its position in Domino’s Pizza by 10.7% in the 4th quarter. Geode Capital Management LLC now owns 955,160 shares of the restaurant operator’s stock valued at $403,203,000 after purchasing an additional 92,389 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Domino’s Pizza by 46.0% in the 4th quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator’s stock valued at $255,649,000 after buying an additional 191,752 shares during the period. Norges Bank acquired a new position in shares of Domino’s Pizza during the fourth quarter worth about $250,571,000. Finally, Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Domino’s Pizza by 1.4% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 410,467 shares of the restaurant operator’s stock worth $172,298,000 after buying an additional 5,762 shares during the period. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Domino’s Pizza

In related news, EVP Reddy Sandeep sold 399 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $462.18, for a total value of $184,409.82. Following the sale, the executive vice president now owns 8,756 shares in the company, valued at $4,046,848.08. This represents a 4.36 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Kevin Scott Morris sold 5,416 shares of the business’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $437.00, for a total value of $2,366,792.00. Following the sale, the executive vice president now owns 793 shares in the company, valued at approximately $346,541. The trade was a 87.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,996 shares of company stock valued at $3,946,461 in the last ninety days. 0.83% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

DPZ has been the subject of several analyst reports. BTIG Research set a $530.00 price target on shares of Domino’s Pizza and gave the stock a “buy” rating in a report on Monday, April 28th. Guggenheim raised their price target on Domino’s Pizza from $450.00 to $460.00 and gave the company a “neutral” rating in a research note on Tuesday, April 22nd. Royal Bank of Canada upped their price objective on Domino’s Pizza from $500.00 to $550.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 29th. Robert W. Baird raised their target price on Domino’s Pizza from $500.00 to $535.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 23rd. Finally, Barclays lowered their price target on Domino’s Pizza from $425.00 to $420.00 and set an “underweight” rating for the company in a report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $498.50.

Domino’s Pizza Stock Performance

Shares of Domino’s Pizza stock opened at $479.37 on Friday. The company has a market cap of $16.41 billion, a P/E ratio of 29.45, a PEG ratio of 2.47 and a beta of 1.15. The firm has a fifty day moving average of $464.18 and a two-hundred day moving average of $451.90. Domino’s Pizza, Inc. has a one year low of $396.06 and a one year high of $538.44.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings data on Monday, April 28th. The restaurant operator reported $4.33 earnings per share for the quarter, beating analysts’ consensus estimates of $4.12 by $0.21. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.12 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.58 EPS. As a group, equities analysts predict that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend is Friday, June 13th. Domino’s Pizza’s dividend payout ratio (DPR) is currently 39.91%.

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.