OMERS ADMINISTRATION Corp Sells 1,354 Shares of Domino’s Pizza, Inc. (NASDAQ:DPZ)

OMERS ADMINISTRATION Corp lessened its stake in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) by 26.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,858 shares of the restaurant operator’s stock after selling 1,354 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Domino’s Pizza were worth $1,619,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Berkshire Hathaway Inc increased its stake in shares of Domino’s Pizza by 86.5% in the 4th quarter. Berkshire Hathaway Inc now owns 2,382,000 shares of the restaurant operator’s stock valued at $999,868,000 after purchasing an additional 1,104,744 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Domino’s Pizza by 1.3% during the 4th 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 boosted its holdings in shares of Domino’s Pizza by 10.7% during the 4th quarter. Geode Capital Management LLC now owns 955,160 shares of the restaurant operator’s stock valued at $403,203,000 after acquiring an additional 92,389 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Domino’s Pizza by 46.0% during the 4th quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator’s stock valued at $255,649,000 after acquiring an additional 191,752 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Domino’s Pizza during the 4th quarter valued at $250,571,000. Institutional investors own 94.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on DPZ. Royal Bank of Canada raised their price objective on Domino’s Pizza from $500.00 to $550.00 and gave the company an “outperform” rating in a report on Tuesday, April 29th. Argus reissued a “hold” rating and set a $490.00 price objective on shares of Domino’s Pizza in a report on Tuesday, April 29th. Hsbc Global Res raised Domino’s Pizza to a “strong-buy” rating in a report on Tuesday, April 22nd. Guggenheim raised their price objective on Domino’s Pizza from $450.00 to $460.00 and gave the company a “neutral” rating in a report on Tuesday, April 22nd. Finally, BMO Capital Markets raised their price objective on Domino’s Pizza from $515.00 to $540.00 and gave the company an “outperform” rating in a report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $498.50.

Insider Buying and Selling

In related news, EVP Kevin Scott Morris sold 5,416 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $437.00, for a total transaction of $2,366,792.00. Following the transaction, the executive vice president now directly owns 793 shares of the company’s stock, valued at approximately $346,541. This represents a 87.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction, the executive vice president now directly owns 8,756 shares in the company, valued at approximately $4,046,848.08. This trade represents a 4.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,996 shares of company stock valued at $3,946,461. 0.83% of the stock is owned by company insiders.

Domino’s Pizza Price Performance

Shares of Domino’s Pizza stock opened at $485.91 on Friday. Domino’s Pizza, Inc. has a one year low of $396.06 and a one year high of $538.44. The stock’s 50-day moving average is $465.53 and its 200 day moving average is $453.74. The firm has a market cap of $16.64 billion, a price-to-earnings ratio of 29.85, a PEG ratio of 2.47 and a beta of 1.15.

Domino’s Pizza (NASDAQ:DPZ) last announced its earnings results on Monday, April 28th. The restaurant operator reported $4.33 EPS for the quarter, beating the consensus estimate of $4.12 by $0.21. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the prior year, the company earned $3.58 EPS. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, sell-side analysts expect that Domino’s Pizza, Inc. will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a dividend of $1.74 per share. This represents a $6.96 dividend on an annualized basis and a yield of 1.43%. 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.