New York Life Investment Management LLC Acquires 3,098 Shares of Domino’s Pizza Inc $DPZ

New York Life Investment Management LLC increased its holdings in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 73.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,341 shares of the restaurant operator’s stock after purchasing an additional 3,098 shares during the quarter. New York Life Investment Management LLC’s holdings in Domino’s Pizza were worth $3,060,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of DPZ. Berkshire Hathaway Inc increased its position in Domino’s Pizza by 13.2% during the third quarter. Berkshire Hathaway Inc now owns 2,981,945 shares of the restaurant operator’s stock valued at $1,287,335,000 after acquiring an additional 348,077 shares during the last quarter. Principal Financial Group Inc. increased its position in Domino’s Pizza by 1.8% during the third quarter. Principal Financial Group Inc. now owns 1,762,568 shares of the restaurant operator’s stock valued at $760,939,000 after acquiring an additional 30,647 shares during the last quarter. Invesco Ltd. increased its position in Domino’s Pizza by 9.3% during the third quarter. Invesco Ltd. now owns 919,830 shares of the restaurant operator’s stock valued at $397,100,000 after acquiring an additional 78,594 shares during the last quarter. Marshfield Associates increased its position in Domino’s Pizza by 4.0% during the third quarter. Marshfield Associates now owns 744,515 shares of the restaurant operator’s stock valued at $321,415,000 after acquiring an additional 28,765 shares during the last quarter. Finally, Bank of America Corp DE increased its position in Domino’s Pizza by 9.0% during the second quarter. Bank of America Corp DE now owns 560,058 shares of the restaurant operator’s stock valued at $252,362,000 after acquiring an additional 46,098 shares during the last quarter. 94.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on DPZ. DA Davidson reduced their price objective on Domino’s Pizza from $436.00 to $423.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. William Blair set a $540.00 price objective on Domino’s Pizza in a research report on Monday, February 23rd. Morgan Stanley reduced their price objective on Domino’s Pizza from $430.00 to $395.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 28th. Northcoast Research reduced their price objective on Domino’s Pizza from $525.00 to $445.00 and set a “buy” rating for the company in a research report on Tuesday, April 28th. Finally, Barclays reduced their price objective on Domino’s Pizza from $370.00 to $315.00 and set an “underweight” rating for the company in a research report on Monday, April 27th. Seventeen research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Domino’s Pizza presently has a consensus rating of “Hold” and a consensus target price of $419.74.

Insider Activity

In other news, EVP Kelly E. Garcia sold 488 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $332.31, for a total value of $162,167.28. Following the completion of the sale, the executive vice president directly owned 9,352 shares of the company’s stock, valued at $3,107,763.12. This trade represents a 4.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.89% of the stock is owned by insiders.

Domino’s Pizza Price Performance

NASDAQ DPZ opened at $302.29 on Monday. The firm has a market cap of $10.05 billion, a price-to-earnings ratio of 17.40, a price-to-earnings-growth ratio of 1.40 and a beta of 1.02. The business has a 50-day moving average price of $361.95 and a 200-day moving average price of $392.35. Domino’s Pizza Inc has a twelve month low of $302.12 and a twelve month high of $499.08.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings results on Monday, April 27th. The restaurant operator reported $4.13 EPS for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.16). Domino’s Pizza had a net margin of 11.89% and a negative return on equity of 15.04%. The firm had revenue of $1.15 billion for the quarter. During the same period in the previous year, the firm posted $4.33 earnings per share. The company’s revenue was up 3.5% compared to the same quarter last year. Research analysts expect that Domino’s Pizza Inc will post 19.15 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $1.99 dividend. This represents a $7.96 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, June 15th. Domino’s Pizza’s dividend payout ratio (DPR) is presently 45.83%.

Domino’s Pizza Company Profile

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand?crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.