Viking Global Investors LP raised its holdings in shares of Domino's Pizza, Inc. (NYSE:DPZ) by 473.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,058,468 shares of the restaurant operator’s stock after acquiring an additional 1,699,678 shares during the quarter. Domino's Pizza makes up 2.4% of Viking Global Investors LP’s portfolio, making the stock its 19th biggest position. Viking Global Investors LP’s holdings in Domino's Pizza were worth $388,968,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Synovus Financial Corp lifted its position in Domino's Pizza by 23.8% during the 4th quarter. Synovus Financial Corp now owns 1,281 shares of the restaurant operator’s stock valued at $241,000 after purchasing an additional 246 shares during the period. Vident Investment Advisory LLC acquired a new position in Domino's Pizza during the 3rd quarter valued at about $562,000. Toronto Dominion Bank lifted its position in Domino's Pizza by 41.8% during the 4th quarter. Toronto Dominion Bank now owns 2,879 shares of the restaurant operator’s stock valued at $544,000 after purchasing an additional 848 shares during the period. Highbridge Capital Management LLC acquired a new position in Domino's Pizza during the 3rd quarter valued at about $8,010,000. Finally, Nordea Investment Management AB lifted its position in Domino's Pizza by 2,024.5% during the 3rd quarter. Nordea Investment Management AB now owns 27,725 shares of the restaurant operator’s stock valued at $5,505,000 after purchasing an additional 26,420 shares during the period. Institutional investors own 94.20% of the company’s stock.
In related news, CFO Jeffrey D. Lawrence sold 17,000 shares of the stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $184.87, for a total transaction of $3,142,790.00. Following the completion of the sale, the chief financial officer now directly owns 26,841 shares of the company’s stock, valued at approximately $4,962,095.67. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 3.57% of the stock is currently owned by corporate insiders.
Domino's Pizza (NYSE:DPZ) last posted its earnings results on Tuesday, February 20th. The restaurant operator reported $2.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.15. Domino's Pizza had a negative return on equity of 12.02% and a net margin of 9.97%. The business had revenue of $891.50 million during the quarter, compared to analysts’ expectations of $904.79 million. During the same period in the prior year, the business earned $1.48 EPS. Domino's Pizza’s revenue for the quarter was up 8.8% compared to the same quarter last year. sell-side analysts predict that Domino's Pizza, Inc. will post 7.93 earnings per share for the current year.
Domino's Pizza announced that its board has initiated a share repurchase program on Tuesday, February 20th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the restaurant operator to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 0.96%. This is a boost from Domino's Pizza’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Wednesday, March 14th. Domino's Pizza’s dividend payout ratio is presently 31.45%.
DPZ has been the topic of a number of research reports. Deutsche Bank upped their target price on shares of Domino's Pizza to $220.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. Stephens restated an “overweight” rating and set a $245.00 target price (up from $220.00) on shares of Domino's Pizza in a research report on Tuesday, February 20th. They noted that the move was a valuation call. Sanford C. Bernstein restated a “market perform” rating and set a $230.00 target price (up from $200.00) on shares of Domino's Pizza in a research report on Wednesday, February 21st. Barclays upped their target price on shares of Domino's Pizza from $184.00 to $215.00 and gave the company an “equal weight” rating in a research report on Thursday, January 11th. Finally, Robert W. Baird initiated coverage on shares of Domino's Pizza in a research report on Monday, March 5th. They set an “outperform” rating and a $260.00 target price on the stock. Seven analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $232.00.
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Domino's Pizza Profile
Domino’s Pizza, Inc is a pizza restaurant chain company. As of January 1, 2017, the Company operated in over 13,800 locations in over 85 markets around the world. The Company operates through three segments: domestic stores, international franchise and supply chain. Its basic menu features pizza products in various sizes and crust types.
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