Sumitomo Mitsui Trust Group Inc. Trims Stake in Domino’s Pizza Inc $DPZ

Sumitomo Mitsui Trust Group Inc. reduced its holdings in Domino’s Pizza Inc (NASDAQ:DPZ) by 5.5% during the 2nd quarter, Holdings Channel reports. The firm owned 76,111 shares of the restaurant operator’s stock after selling 4,435 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Domino’s Pizza were worth $34,296,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Impax Asset Management Group plc acquired a new stake in shares of Domino’s Pizza in the first quarter worth approximately $633,000. Teacher Retirement System of Texas acquired a new stake in shares of Domino’s Pizza in the first quarter worth approximately $2,319,000. Charles Schwab Investment Management Inc. acquired a new stake in shares of Domino’s Pizza in the first quarter worth approximately $110,348,000. DekaBank Deutsche Girozentrale boosted its stake in shares of Domino’s Pizza by 2.9% in the second quarter. DekaBank Deutsche Girozentrale now owns 8,091 shares of the restaurant operator’s stock worth $3,631,000 after acquiring an additional 228 shares during the last quarter. Finally, Summit Trail Advisors LLC boosted its stake in shares of Domino’s Pizza by 157.2% in the first quarter. Summit Trail Advisors LLC now owns 1,597 shares of the restaurant operator’s stock worth $734,000 after acquiring an additional 976 shares during the last quarter. 94.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Benchmark lifted their price target on Domino’s Pizza from $535.00 to $540.00 and gave the stock a “buy” rating in a research note on Tuesday, July 22nd. Loop Capital lifted their price target on Domino’s Pizza from $564.00 to $574.00 and gave the stock a “buy” rating in a research note on Tuesday, July 22nd. Mizuho initiated coverage on Domino’s Pizza in a research note on Monday. They set an “outperform” rating and a $500.00 price objective on the stock. Jefferies Financial Group lowered their price objective on Domino’s Pizza from $490.00 to $455.00 and set a “hold” rating on the stock in a research note on Monday, October 13th. Finally, Morgan Stanley boosted their price objective on Domino’s Pizza from $520.00 to $535.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $490.32.

Insider Activity

In other Domino’s Pizza news, Director James A. Goldman sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $451.49, for a total transaction of $451,490.00. Following the completion of the sale, the director directly owned 3,384 shares of the company’s stock, valued at $1,527,842.16. This represents a 22.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.83% of the stock is currently owned by company insiders.

Domino’s Pizza Price Performance

DPZ opened at $410.97 on Wednesday. Domino’s Pizza Inc has a 12 month low of $397.12 and a 12 month high of $500.55. The stock has a market capitalization of $13.89 billion, a price-to-earnings ratio of 24.02, a PEG ratio of 2.18 and a beta of 1.12. The business has a fifty day moving average price of $435.20 and a 200 day moving average price of $456.08.

Domino’s Pizza (NASDAQ:DPZ) last released its earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 EPS for the quarter, topping the consensus estimate of $3.96 by $0.12. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Domino’s Pizza had a negative return on equity of 14.91% and a net margin of 12.16%.Domino’s Pizza’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm posted $4.19 EPS. On average, research analysts anticipate that Domino’s Pizza Inc will post 16.74 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Monday, December 15th will be given a $1.74 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.7%. Domino’s Pizza’s dividend payout ratio is 40.68%.

Domino’s Pizza Profile

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.