Bank of Montreal Can reduced its position in Domino’s Pizza, Inc. (NYSE:DPZ) by 56.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,927 shares of the restaurant operator’s stock after selling 14,453 shares during the quarter. Bank of Montreal Can’s holdings in Domino’s Pizza were worth $2,820,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. CWM LLC increased its holdings in Domino’s Pizza by 613.3% in the fourth quarter. CWM LLC now owns 107 shares of the restaurant operator’s stock valued at $27,000 after buying an additional 92 shares during the last quarter. Field & Main Bank bought a new stake in Domino’s Pizza in the first quarter valued at about $32,000. Ffcm LLC increased its holdings in Domino’s Pizza by 91.1% in the fourth quarter. Ffcm LLC now owns 172 shares of the restaurant operator’s stock valued at $43,000 after buying an additional 82 shares during the last quarter. Benjamin F. Edwards & Company Inc. bought a new stake in Domino’s Pizza in the fourth quarter valued at about $89,000. Finally, Lido Advisors LLC bought a new stake in Domino’s Pizza in the fourth quarter valued at about $209,000. 93.84% of the stock is owned by hedge funds and other institutional investors.
NYSE:DPZ opened at $277.84 on Friday. The company has a market cap of $11.21 billion, a PE ratio of 33.00, a P/E/G ratio of 2.00 and a beta of 0.57. Domino’s Pizza, Inc. has a 52 week low of $231.28 and a 52 week high of $305.34.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $0.65 per share. The ex-dividend date is Thursday, June 13th. This represents a $2.60 annualized dividend and a dividend yield of 0.94%. Domino’s Pizza’s dividend payout ratio is presently 30.88%.
Several equities analysts have recently commented on DPZ shares. Maxim Group reaffirmed a “buy” rating and set a $315.00 target price (up from $305.00) on shares of Domino’s Pizza in a report on Wednesday, April 17th. Citigroup upped their target price on Domino’s Pizza from $282.00 to $298.00 and gave the company a “neutral” rating in a report on Tuesday, April 30th. Wells Fargo & Co upped their target price on Domino’s Pizza from $238.00 to $263.00 and gave the company a “market perform” rating in a report on Thursday, February 14th. They noted that the move was a valuation call. Bank of America upped their target price on Domino’s Pizza from $290.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Finally, TheStreet lowered Domino’s Pizza from a “b” rating to a “c+” rating in a report on Monday, May 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $297.16.
In other news, CFO Jeffrey D. Lawrence sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, March 29th. The stock was sold at an average price of $255.00, for a total transaction of $1,020,000.00. Following the completion of the transaction, the chief financial officer now directly owns 3,494 shares in the company, valued at $890,970. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James A. Goldman sold 1,190 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $247.24, for a total value of $294,215.60. Following the transaction, the director now owns 7,695 shares of the company’s stock, valued at $1,902,511.80. The disclosure for this sale can be found here. Insiders own 1.62% of the company’s stock.
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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