Sumitomo Mitsui Trust Group Inc. Cuts Stock Holdings in Domino’s Pizza, Inc. (NYSE:DPZ)

Sumitomo Mitsui Trust Group Inc. lessened its holdings in Domino’s Pizza, Inc. (NYSE:DPZ) by 0.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 81,592 shares of the restaurant operator’s stock after selling 447 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Domino’s Pizza were worth $35,096,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Bayesian Capital Management LP boosted its stake in shares of Domino’s Pizza by 701.3% in the first quarter. Bayesian Capital Management LP now owns 4,800 shares of the restaurant operator’s stock valued at $2,385,000 after buying an additional 4,201 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Domino’s Pizza by 34.9% during the 1st quarter. Bessemer Group Inc. now owns 4,950 shares of the restaurant operator’s stock worth $2,460,000 after purchasing an additional 1,280 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Domino’s Pizza by 107.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 444,780 shares of the restaurant operator’s stock worth $221,003,000 after purchasing an additional 230,090 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of Domino’s Pizza by 866.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 49,846 shares of the restaurant operator’s stock valued at $25,737,000 after purchasing an additional 44,688 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in shares of Domino’s Pizza by 130.2% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 2,387 shares of the restaurant operator’s stock valued at $1,232,000 after purchasing an additional 1,350 shares during the period. Institutional investors and hedge funds own 94.63% of the company’s stock.

Domino’s Pizza Stock Performance

Shares of DPZ stock opened at $430.43 on Friday. The firm has a market capitalization of $14.86 billion, a price-to-earnings ratio of 26.44, a price-to-earnings-growth ratio of 2.36 and a beta of 0.86. The company has a 50 day moving average price of $423.60 and a 200 day moving average price of $458.03. Domino’s Pizza, Inc. has a one year low of $367.24 and a one year high of $542.75.

Domino’s Pizza (NYSE:DPZ) last issued its earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share for the quarter, topping the consensus estimate of $3.65 by $0.54. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period last year, the company posted $4.18 EPS. The business’s quarterly revenue was up 5.1% on a year-over-year basis. As a group, equities analysts forecast that Domino’s Pizza, Inc. will post 16.86 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend is Friday, December 13th. Domino’s Pizza’s payout ratio is currently 37.10%.

Insider Buying and Selling

In other Domino’s Pizza news, Director Andrew Balson sold 6,970 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $428.27, for a total transaction of $2,985,041.90. Following the completion of the sale, the director now directly owns 15,390 shares in the company, valued at $6,591,075.30. The trade was a 31.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Jefferies Financial Group lowered their target price on shares of Domino’s Pizza from $455.00 to $450.00 and set a “hold” rating on the stock in a research report on Friday, October 11th. Morgan Stanley dropped their price objective on Domino’s Pizza from $520.00 to $510.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. Oppenheimer reiterated an “outperform” rating and set a $490.00 target price on shares of Domino’s Pizza in a research report on Friday, October 11th. Guggenheim dropped their price target on Domino’s Pizza from $485.00 to $460.00 and set a “neutral” rating for the company in a research report on Thursday, September 26th. Finally, Wedbush reiterated an “outperform” rating and issued a $470.00 price objective on shares of Domino’s Pizza in a research report on Friday, October 11th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $494.38.

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.