Swedbank AB Sells 202 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

Swedbank AB reduced its stake in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 2.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,639 shares of the restaurant operator’s stock after selling 202 shares during the quarter. Swedbank AB’s holdings in Domino’s Pizza were worth $4,146,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. increased 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 in the last quarter. Central Pacific Bank Trust Division acquired a new stake in Domino’s Pizza in the 3rd quarter valued at about $30,000. Versant Capital Management Inc raised its stake in shares of Domino’s Pizza by 654.5% in the second quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock worth $43,000 after acquiring an additional 72 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Domino’s Pizza during the third quarter worth approximately $43,000. Finally, Crewe Advisors LLC grew its stake in shares of Domino’s Pizza by 46.6% during the second quarter. Crewe Advisors LLC now owns 107 shares of the restaurant operator’s stock valued at $55,000 after purchasing an additional 34 shares during the last quarter. 94.63% of the stock is owned by institutional investors.

Insider Transactions at Domino’s Pizza

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

Analyst Ratings Changes

DPZ has been the topic of several research reports. Stephens reduced their price objective on 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. Guggenheim decreased their price target on Domino’s Pizza from $485.00 to $460.00 and set a “neutral” rating on the stock in a report on Thursday, September 26th. Loop Capital upgraded Domino’s Pizza from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $419.00 to $559.00 in a research report on Friday, November 8th. Royal Bank of Canada cut their target price on shares of Domino’s Pizza from $500.00 to $490.00 and set an “outperform” rating on the stock in a research report on Friday, October 11th. Finally, Wells Fargo & Company lowered their price target on shares of Domino’s Pizza from $450.00 to $420.00 and set an “equal weight” rating for the company in a research report on Friday, October 11th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $495.76.

Domino’s Pizza Price Performance

Shares of Domino’s Pizza stock opened at $472.48 on Thursday. The firm has a market cap of $16.31 billion, a price-to-earnings ratio of 29.02, a price-to-earnings-growth ratio of 2.52 and a beta of 0.86. The stock’s 50-day moving average is $429.41 and its 200-day moving average is $454.42. Domino’s Pizza, Inc. has a one year low of $383.05 and a one year high of $542.75.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the firm posted $4.18 EPS. The business’s revenue was up 5.1% on a year-over-year basis. On average, equities analysts expect that Domino’s Pizza, Inc. will post 16.86 EPS for the current year.

Domino’s Pizza Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given 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 1.28%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 37.10%.

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.