The Manufacturers Life Insurance Company Has $9 Million Stock Position in Domino’s Pizza, Inc. (NYSE:DPZ)

The Manufacturers Life Insurance Company cut its position in Domino’s Pizza, Inc. (NYSE:DPZ) by 0.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,933 shares of the restaurant operator’s stock after selling 112 shares during the period. The Manufacturers Life Insurance Company’s holdings in Domino’s Pizza were worth $9,004,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in DPZ. Signaturefd LLC raised its position in shares of Domino’s Pizza by 25.2% during the second quarter. Signaturefd LLC now owns 129 shares of the restaurant operator’s stock worth $67,000 after purchasing an additional 26 shares during the period. Summit Trail Advisors LLC grew its holdings in shares of Domino’s Pizza by 5.0% during the second quarter. Summit Trail Advisors LLC now owns 568 shares of the restaurant operator’s stock valued at $293,000 after buying an additional 27 shares during the last quarter. Portside Wealth Group LLC increased its position in shares of Domino’s Pizza by 6.5% during the second quarter. Portside Wealth Group LLC now owns 456 shares of the restaurant operator’s stock worth $235,000 after acquiring an additional 28 shares in the last quarter. Larson Financial Group LLC raised its holdings in shares of Domino’s Pizza by 4.6% in the 2nd quarter. Larson Financial Group LLC now owns 663 shares of the restaurant operator’s stock worth $342,000 after acquiring an additional 29 shares during the last quarter. Finally, Capital Insight Partners LLC lifted its position in Domino’s Pizza by 2.6% in the 2nd quarter. Capital Insight Partners LLC now owns 1,205 shares of the restaurant operator’s stock valued at $622,000 after acquiring an additional 30 shares in the last quarter. 94.63% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Kevin Scott Morris sold 2,646 shares of Domino’s Pizza stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $459.00, for a total transaction of $1,214,514.00. Following the completion of the sale, the executive vice president now owns 1,966 shares in the company, valued at approximately $902,394. This trade represents a 57.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Andrew Balson sold 6,970 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $428.27, for a total transaction of $2,985,041.90. Following the completion of the transaction, the director now owns 15,390 shares in the company, valued at approximately $6,591,075.30. This trade represents a 31.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Wedbush reissued an “outperform” rating and issued a $470.00 price objective on shares of Domino’s Pizza in a research note on Friday, October 11th. JPMorgan Chase & Co. dropped their price objective on Domino’s Pizza from $470.00 to $450.00 and set a “neutral” rating on the stock in a research note on Friday, October 11th. Morgan Stanley reduced their target price on shares of 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. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Domino’s Pizza from $500.00 to $480.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. Finally, BMO Capital Markets reduced their price objective on shares of Domino’s Pizza from $510.00 to $500.00 and set an “outperform” rating for the company in a research report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $495.76.

Domino’s Pizza Price Performance

NYSE:DPZ opened at $462.13 on Wednesday. The company has a market cap of $15.96 billion, a P/E ratio of 28.39, a P/E/G ratio of 2.51 and a beta of 0.88. Domino’s Pizza, Inc. has a 1 year low of $390.48 and a 1 year high of $542.75. The stock’s fifty day moving average price is $434.02 and its two-hundred day moving average price is $453.25.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings data on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.65 by $0.54. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.18 EPS. On average, analysts expect that Domino’s Pizza, Inc. will post 16.82 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be paid a dividend of $1.51 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $6.04 annualized dividend and a yield of 1.31%. Domino’s Pizza’s dividend payout ratio is currently 37.10%.

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.