APG Asset Management N.V. Trims Holdings in Domino’s Pizza, Inc. (NYSE:DPZ)

APG Asset Management N.V. decreased its stake in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 58.6% during the second quarter, HoldingsChannel.com reports. The firm owned 34,401 shares of the restaurant operator’s stock after selling 48,648 shares during the period. APG Asset Management N.V.’s holdings in Domino’s Pizza were worth $16,573,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Blue Trust Inc. grew its position in shares of Domino’s Pizza by 162.5% during the 2nd quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock valued at $31,000 after purchasing an additional 39 shares in the last quarter. Crewe Advisors LLC bought a new position in Domino’s Pizza in the 1st quarter worth about $36,000. Versant Capital Management Inc raised its holdings in shares of Domino’s Pizza by 654.5% in the 2nd quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock valued at $43,000 after acquiring an additional 72 shares in the last quarter. ORG Partners LLC bought a new stake in shares of Domino’s Pizza during the 2nd quarter valued at about $62,000. Finally, Signaturefd LLC grew its holdings 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 in the last quarter. Institutional investors own 94.63% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on DPZ. JPMorgan Chase & Co. lifted their target price on shares of Domino’s Pizza from $450.00 to $470.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Robert W. Baird reduced their target price on Domino’s Pizza from $580.00 to $535.00 and set an “outperform” rating on the stock in a research note on Thursday, September 12th. Barclays dropped their price target on Domino’s Pizza from $470.00 to $380.00 and set an “underweight” rating for the company in a research note on Friday, July 19th. Royal Bank of Canada reduced their price objective on Domino’s Pizza from $575.00 to $500.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. Finally, Loop Capital restated a “hold” rating and issued a $419.00 target price on shares of Domino’s Pizza in a research report on Friday, September 20th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $506.28.

Domino’s Pizza Stock Performance

DPZ opened at $429.03 on Friday. The stock has a market capitalization of $14.96 billion, a PE ratio of 28.00, a price-to-earnings-growth ratio of 2.21 and a beta of 0.86. The stock’s 50 day moving average price is $422.52 and its 200-day moving average price is $471.82. Domino’s Pizza, Inc. has a 52-week low of $330.05 and a 52-week high of $542.75.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings data on Thursday, July 18th. The restaurant operator reported $4.03 EPS for the quarter, topping the consensus estimate of $3.68 by $0.35. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the prior year, the business earned $3.08 EPS. Research analysts forecast that Domino’s Pizza, Inc. will post 16.24 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a dividend of $1.51 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $6.04 annualized dividend and a yield of 1.41%. Domino’s Pizza’s payout ratio is 39.43%.

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.