Sumitomo Mitsui Trust Group Inc. Reduces Position in Domino’s Pizza Inc $DPZ

Sumitomo Mitsui Trust Group Inc. decreased its position in Domino’s Pizza Inc (NASDAQ:DPZ) by 10.9% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 62,716 shares of the restaurant operator’s stock after selling 7,654 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Domino’s Pizza were worth $22,502,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. SHP Wealth Management bought a new stake in Domino’s Pizza in the 4th quarter worth $25,000. Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of Domino’s Pizza by 97.1% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 34 shares during the last quarter. MBM Wealth Consultants LLC purchased a new stake in shares of Domino’s Pizza during the first quarter worth about $31,000. Johnson Financial Group Inc. boosted its holdings in shares of Domino’s Pizza by 200.0% during the third quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 56 shares during the period. Finally, Arax Advisory Partners bought a new stake in shares of Domino’s Pizza in the fourth quarter worth about $42,000. 94.63% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related 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 transaction of $152,822.08. Following the completion of the transaction, the executive vice president directly owned 9,352 shares of the company’s stock, valued at $2,928,672.32. This trade represents a 4.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last three months, insiders have sold 1,950 shares of company stock valued at $611,451. 0.89% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on DPZ. Sanford C. Bernstein lowered their price target on Domino’s Pizza from $470.00 to $390.00 and set a “market perform” rating for the company in a research report on Tuesday, April 28th. DA Davidson reduced their target price on Domino’s Pizza from $436.00 to $423.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Mizuho decreased their target price on Domino’s Pizza from $470.00 to $420.00 and set an “outperform” rating for the company in a report on Tuesday, April 28th. Barclays dropped their price target on Domino’s Pizza from $370.00 to $315.00 and set an “underweight” rating for the company in a research note on Monday, April 27th. Finally, Gordon Haskett reduced their price objective on shares of Domino’s Pizza from $440.00 to $380.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. Seventeen analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $402.23.

Domino’s Pizza Stock Up 3.5%

NASDAQ DPZ opened at $309.85 on Tuesday. Domino’s Pizza Inc has a twelve month low of $282.00 and a twelve month high of $496.00. The firm has a market capitalization of $10.31 billion, a PE ratio of 17.84, a P/E/G ratio of 1.40 and a beta of 0.97. The stock’s 50 day moving average is $309.72 and its 200 day moving average is $361.37.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings data 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). The firm had revenue of $1.15 billion during the quarter. Domino’s Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period last year, the business posted $4.33 EPS. On average, research analysts anticipate that Domino’s Pizza Inc will post 18.91 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a $1.99 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.6%. 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.