iA Global Asset Management Inc. Buys 1,474 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

iA Global Asset Management Inc. grew its stake in Domino’s Pizza, Inc. (NYSE:DPZ) by 53.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,251 shares of the restaurant operator’s stock after acquiring an additional 1,474 shares during the period. iA Global Asset Management Inc.’s holdings in Domino’s Pizza were worth $1,829,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of DPZ. True Wealth Design LLC grew its stake in Domino’s Pizza by 2,033.3% in the third quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 61 shares in the last quarter. Central Pacific Bank Trust Division purchased a new stake in shares of Domino’s Pizza in the 3rd quarter worth $30,000. Blue Trust Inc. grew its position in shares of Domino’s Pizza by 162.5% during the 2nd quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock worth $31,000 after buying an additional 39 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Domino’s Pizza during the third quarter valued at $43,000. Finally, Crewe Advisors LLC raised its holdings in shares of Domino’s Pizza by 46.6% in the second quarter. Crewe Advisors LLC now owns 107 shares of the restaurant operator’s stock valued at $55,000 after acquiring an additional 34 shares in the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Kevin Scott Morris sold 2,646 shares of the firm’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 completion of the transaction, the executive vice president now directly owns 1,966 shares in the company, valued at $902,394. This trade represents a 57.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Andrew Balson sold 6,970 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $428.27, for a total transaction of $2,985,041.90. Following the completion of the transaction, the director now directly owns 15,390 shares of the company’s stock, valued at approximately $6,591,075.30. The trade was a 31.17 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.76% of the company’s stock.

Domino’s Pizza Stock Performance

NYSE:DPZ opened at $459.59 on Monday. The stock has a 50 day moving average price of $436.83 and a 200 day moving average price of $451.84. The stock has a market cap of $15.87 billion, a PE ratio of 28.23, a P/E/G ratio of 2.52 and a beta of 0.88. Domino’s Pizza, Inc. has a one year low of $392.52 and a one year high of $542.75.

Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings data on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.65 by $0.54. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the prior year, the firm posted $4.18 earnings per share. Domino’s Pizza’s quarterly revenue was up 5.1% on a year-over-year basis. As a group, analysts predict that Domino’s Pizza, Inc. will post 16.82 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a $1.51 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $6.04 dividend on an annualized basis and a yield of 1.31%. Domino’s Pizza’s dividend payout ratio is currently 37.10%.

Analysts Set New Price Targets

Several brokerages have issued reports on DPZ. Morgan Stanley dropped their target price on shares of Domino’s Pizza from $520.00 to $510.00 and set an “overweight” rating on the stock in a report on Friday, October 11th. TD Cowen lifted their price objective on shares of Domino’s Pizza from $475.00 to $515.00 and gave the company a “buy” rating in a report on Monday, November 25th. Piper Sandler reduced their price objective on shares of Domino’s Pizza from $436.00 to $429.00 and set a “neutral” rating for the company in a research note on Monday, October 7th. Royal Bank of Canada dropped their target price on 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, Citigroup reduced their price target on Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating for the company in a research report on Friday, October 11th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $495.76.

Domino’s Pizza 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.