Principal Financial Group Inc. Cuts Stake in Domino’s Pizza, Inc. (NYSE:DPZ)

Principal Financial Group Inc. lessened its holdings in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 183,853 shares of the restaurant operator’s stock after selling 4,851 shares during the quarter. Principal Financial Group Inc. owned 0.44% of Domino’s Pizza worth $45,594,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. BlackRock Inc. lifted its position in Domino’s Pizza by 5.6% during the fourth quarter. BlackRock Inc. now owns 5,380,982 shares of the restaurant operator’s stock worth $1,334,427,000 after acquiring an additional 284,078 shares during the last quarter. FMR LLC lifted its position in Domino’s Pizza by 15.3% during the third quarter. FMR LLC now owns 1,365,933 shares of the restaurant operator’s stock worth $402,677,000 after acquiring an additional 181,591 shares during the last quarter. Fisher Asset Management LLC lifted its position in Domino’s Pizza by 6.7% during the fourth quarter. Fisher Asset Management LLC now owns 1,065,361 shares of the restaurant operator’s stock worth $264,199,000 after acquiring an additional 67,345 shares during the last quarter. Capital Research Global Investors lifted its position in Domino’s Pizza by 38.4% during the third quarter. Capital Research Global Investors now owns 554,451 shares of the restaurant operator’s stock worth $163,452,000 after acquiring an additional 153,951 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Domino’s Pizza by 1.0% during the third quarter. Bank of New York Mellon Corp now owns 511,626 shares of the restaurant operator’s stock worth $150,828,000 after acquiring an additional 5,135 shares during the last quarter. 94.49% of the stock is currently owned by institutional investors and hedge funds.

DPZ stock traded up $1.29 during midday trading on Monday, hitting $258.90. The stock had a trading volume of 695,300 shares, compared to its average volume of 846,886. The firm has a market cap of $10.55 billion, a price-to-earnings ratio of 30.75, a PEG ratio of 1.88 and a beta of 0.57. Domino’s Pizza, Inc. has a 1-year low of $229.18 and a 1-year high of $305.34.

Domino’s Pizza (NYSE:DPZ) last released its earnings results on Thursday, February 21st. The restaurant operator reported $2.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.69 by ($0.07). Domino’s Pizza had a net margin of 10.54% and a negative return on equity of 12.46%. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the firm earned $2.09 EPS. Domino’s Pizza’s quarterly revenue was up 21.4% on a year-over-year basis. Equities analysts anticipate that Domino’s Pizza, Inc. will post 9.26 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a dividend of $0.65 per share. The ex-dividend date was Thursday, March 14th. This represents a $2.60 annualized dividend and a dividend yield of 1.00%. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $0.55. Domino’s Pizza’s dividend payout ratio is currently 30.88%.

In other news, CFO Jeffrey D. Lawrence sold 4,000 shares of the company’s stock in a transaction dated Friday, March 29th. The shares were sold at an average price of $255.00, for a total transaction of $1,020,000.00. Following the transaction, the chief financial officer now owns 3,494 shares in the company, valued at $890,970. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James A. Goldman sold 1,190 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $247.24, for a total transaction of $294,215.60. Following the transaction, the director now owns 7,695 shares in the company, valued at approximately $1,902,511.80. The disclosure for this sale can be found here. 1.62% of the stock is currently owned by corporate insiders.

Several brokerages have issued reports on DPZ. Zacks Investment Research upgraded shares of Domino’s Pizza from a “hold” rating to a “buy” rating and set a $276.00 price objective for the company in a research report on Monday, January 14th. ValuEngine downgraded shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a research report on Friday, February 22nd. Wells Fargo & Co lifted their price target on shares of Domino’s Pizza from $238.00 to $263.00 and gave the company a “market perform” rating in a research report on Thursday, February 14th. They noted that the move was a valuation call. JPMorgan Chase & Co. upgraded shares of Domino’s Pizza from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $94.00 to $270.00 in a research report on Tuesday, March 19th. Finally, Citigroup dropped their price target on shares of Domino’s Pizza from $293.00 to $282.00 and set a “neutral” rating for the company in a research report on Wednesday, March 6th. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $289.63.

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About Domino’s Pizza

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates in three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's brand name through company-owned and franchised stores.

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Institutional Ownership by Quarter for Domino`s Pizza (NYSE:DPZ)

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