Toronto Dominion Bank Grows Position in Domino’s Pizza, Inc. (NYSE:DPZ)

Toronto Dominion Bank grew its position in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 16.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,178 shares of the restaurant operator’s stock after acquiring an additional 2,161 shares during the quarter. Toronto Dominion Bank’s holdings in Domino’s Pizza were worth $6,529,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. True Wealth Design LLC increased its position in shares of Domino’s Pizza by 2,033.3% during the third quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 61 shares during the last quarter. Central Pacific Bank Trust Division purchased a new stake in Domino’s Pizza in the third quarter worth $30,000. Blue Trust Inc. raised its stake in shares of Domino’s Pizza by 162.5% in the second quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock valued at $31,000 after buying an additional 39 shares during the period. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Domino’s Pizza during the 3rd quarter worth $43,000. Finally, Crewe Advisors LLC increased its holdings in Domino’s Pizza by 46.6% in the 2nd quarter. Crewe Advisors LLC now owns 107 shares of the restaurant operator’s stock worth $55,000 after acquiring an additional 34 shares during the last quarter. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Price Performance

Shares of NYSE DPZ opened at $453.17 on Friday. The stock has a market capitalization of $15.65 billion, a P/E ratio of 27.84, a PEG ratio of 2.47 and a beta of 0.88. Domino’s Pizza, Inc. has a one year low of $395.08 and a one year high of $542.75. The firm’s 50 day simple moving average is $439.97 and its two-hundred day simple moving average is $450.58.

Domino’s Pizza (NYSE:DPZ) last issued its earnings results on Thursday, October 10th. The restaurant operator reported $4.19 EPS for the quarter, topping analysts’ consensus estimates of $3.65 by $0.54. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter last year, the company earned $4.18 EPS. The firm’s revenue was up 5.1% compared to the same quarter last year. As a group, equities 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 business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Friday, December 13th. Domino’s Pizza’s dividend payout ratio (DPR) is presently 37.10%.

Wall Street Analysts Forecast Growth

DPZ has been the topic of several recent research reports. Stephens dropped their price objective on shares of Domino’s Pizza from $430.00 to $420.00 and set an “equal weight” rating on the stock in a report on Friday, October 11th. Bank of America cut their price objective on shares of Domino’s Pizza from $582.00 to $557.00 and set a “buy” rating for the company in a report on Friday, October 11th. Wedbush reissued an “outperform” rating and set a $470.00 target price on shares of Domino’s Pizza in a report on Friday, October 11th. Loop Capital raised Domino’s Pizza from a “hold” rating to a “buy” rating and raised their price target for the stock from $419.00 to $559.00 in a report on Friday, November 8th. Finally, Barclays decreased their price objective on Domino’s Pizza from $380.00 to $370.00 and set an “underweight” rating on the stock in a research note on Friday, October 11th. One analyst has rated the stock with a sell rating, eight have given a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $495.76.

Insider Activity at Domino’s Pizza

In related news, EVP Kevin Scott Morris sold 2,646 shares of the company’s stock in a transaction on Friday, November 15th. The shares were 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 directly owns 1,966 shares in the company, valued at $902,394. This represents a 57.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Andrew Balson sold 6,970 shares of the firm’s stock in a transaction 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 sale, the director now directly owns 15,390 shares in the company, valued at approximately $6,591,075.30. This trade represents a 31.17 % decrease in their position. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by company insiders.

Domino’s Pizza Company Profile

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.