MML Investors Services LLC Acquires 137 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

MML Investors Services LLC raised its holdings in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 3.5% during the third quarter, Holdings Channel.com reports. The fund owned 4,014 shares of the restaurant operator’s stock after buying an additional 137 shares during the period. MML Investors Services LLC’s holdings in Domino’s Pizza were worth $1,727,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of DPZ. National Bank of Canada FI grew its position in shares of Domino’s Pizza by 40.5% during the third quarter. National Bank of Canada FI now owns 19,409 shares of the restaurant operator’s stock valued at $8,349,000 after purchasing an additional 5,599 shares in the last quarter. iA Global Asset Management Inc. grew its position in shares of Domino’s Pizza by 53.1% during the third quarter. iA Global Asset Management Inc. now owns 4,251 shares of the restaurant operator’s stock valued at $1,829,000 after purchasing an additional 1,474 shares in the last quarter. Stansberry Asset Management LLC grew its position in shares of Domino’s Pizza by 74.4% during the third quarter. Stansberry Asset Management LLC now owns 32,352 shares of the restaurant operator’s stock valued at $13,916,000 after purchasing an additional 13,804 shares in the last quarter. Royal London Asset Management Ltd. grew its position in shares of Domino’s Pizza by 12.9% during the third quarter. Royal London Asset Management Ltd. now owns 14,912 shares of the restaurant operator’s stock valued at $6,414,000 after purchasing an additional 1,699 shares in the last quarter. Finally, Rench Wealth Management Inc. grew its position in shares of Domino’s Pizza by 15.4% during the third quarter. Rench Wealth Management Inc. now owns 10,389 shares of the restaurant operator’s stock valued at $4,469,000 after purchasing an additional 1,388 shares in the last quarter. 94.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on DPZ shares. Jefferies Financial Group cut their price objective on Domino’s Pizza from $455.00 to $450.00 and set a “hold” rating for the company in a research report on Friday, October 11th. Guggenheim reduced their price objective on Domino’s Pizza from $485.00 to $460.00 and set a “neutral” rating on the stock in a research note on Thursday, September 26th. Benchmark reissued a “buy” rating and set a $520.00 price objective on shares of Domino’s Pizza in a research note on Friday, October 11th. Morgan Stanley reduced their price objective on Domino’s Pizza from $520.00 to $510.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th. Finally, Evercore ISI reduced their price objective on Domino’s Pizza from $500.00 to $480.00 and set an “outperform” rating on the stock in a research note on Monday, October 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $495.76.

Domino’s Pizza Stock Performance

Shares of NYSE DPZ opened at $446.79 on Wednesday. The firm has a market capitalization of $15.43 billion, a price-to-earnings ratio of 27.44, a PEG ratio of 2.47 and a beta of 0.88. The stock has a 50 day moving average price of $441.44 and a 200 day moving average price of $449.30. Domino’s Pizza, Inc. has a 52-week low of $395.08 and a 52-week high of $542.75.

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

Domino’s Pizza Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be issued a dividend of $1.51 per share. The ex-dividend date is Friday, December 13th. This represents a $6.04 dividend on an annualized basis and a yield of 1.35%. Domino’s Pizza’s dividend payout ratio is currently 37.10%.

Insiders Place Their Bets

In other news, EVP Kevin Scott Morris sold 2,646 shares of the company’s stock in a transaction on 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 transaction, the executive vice president now directly owns 1,966 shares of the company’s stock, valued at approximately $902,394. This represents a 57.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Andrew Balson sold 6,970 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $428.27, for a total value of $2,985,041.90. Following the transaction, the director now directly owns 15,390 shares in the company, valued at approximately $6,591,075.30. The trade was a 31.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.81% of the stock is owned by company insiders.

Domino’s Pizza Company 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.