Achmea Investment Management B.V. Sells 2,671 Shares of Domino’s Pizza, Inc. (NASDAQ:DPZ)

Achmea Investment Management B.V. trimmed its position in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 18.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 11,873 shares of the restaurant operator’s stock after selling 2,671 shares during the quarter. Achmea Investment Management B.V.’s holdings in Domino’s Pizza were worth $4,984,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its holdings in Domino’s Pizza by 7.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 2,924 shares of the restaurant operator’s stock worth $1,258,000 after purchasing an additional 215 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Domino’s Pizza by 1.4% in the 3rd quarter. Principal Financial Group Inc. now owns 1,666,158 shares of the restaurant operator’s stock worth $716,681,000 after buying an additional 23,681 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Domino’s Pizza by 10.0% in the 3rd quarter. Victory Capital Management Inc. now owns 98,823 shares of the restaurant operator’s stock worth $42,508,000 after buying an additional 8,964 shares during the last quarter. MQS Management LLC purchased a new position in shares of Domino’s Pizza in the 3rd quarter worth approximately $252,000. Finally, Oppenheimer & Co. Inc. purchased a new position in shares of Domino’s Pizza in the 3rd quarter worth approximately $488,000. 94.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Stephens restated an “equal weight” rating and issued a $440.00 target price on shares of Domino’s Pizza in a research note on Monday, March 3rd. TD Cowen restated a “buy” rating and issued a $490.00 target price on shares of Domino’s Pizza in a research note on Monday, February 24th. Argus downgraded Domino’s Pizza from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. TD Securities restated a “buy” rating and issued a $490.00 target price on shares of Domino’s Pizza in a research note on Monday, February 24th. Finally, Wedbush restated an “outperform” rating and issued a $500.00 target price on shares of Domino’s Pizza in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $503.41.

Domino’s Pizza Price Performance

Shares of DPZ stock opened at $425.58 on Friday. The company’s fifty day simple moving average is $450.39 and its two-hundred day simple moving average is $437.92. Domino’s Pizza, Inc. has a 1 year low of $396.06 and a 1 year high of $542.75. The stock has a market capitalization of $14.60 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 2.47 and a beta of 1.06.

Domino’s Pizza (NASDAQ:DPZ) last issued its earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.93 by ($0.04). The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.47 billion. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The company’s revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.48 EPS. Equities research analysts anticipate that Domino’s Pizza, Inc. will post 16.74 EPS for the current year.

Domino’s Pizza Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $1.74 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $6.96 annualized dividend and a dividend yield of 1.64%. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.51. Domino’s Pizza’s dividend payout ratio is presently 41.70%.

Insider Transactions at Domino’s Pizza

In related news, CFO Reddy Sandeep sold 1,077 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $443.20, for a total value of $477,326.40. Following the transaction, the chief financial officer now owns 8,081 shares of the company’s stock, valued at $3,581,499.20. This represents a 11.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kevin Scott Morris sold 5,416 shares of the stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $437.00, for a total value of $2,366,792.00. Following the completion of the transaction, the executive vice president now directly owns 793 shares in the company, valued at approximately $346,541. This represents a 87.23 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,597 shares of company stock valued at $3,762,052. 0.76% of the stock is currently owned by company insiders.

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.