Domino’s Pizza, Inc. (NYSE:DPZ) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lowered its position in Domino’s Pizza, Inc. (NYSE:DPZ) by 20.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,564 shares of the restaurant operator’s stock after selling 4,116 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Domino’s Pizza were worth $6,695,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. grew its holdings in Domino’s Pizza by 162.5% in the second quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock valued at $31,000 after purchasing an additional 39 shares during the last quarter. Central Pacific Bank Trust Division acquired a new position in shares of Domino’s Pizza during the 3rd quarter worth $30,000. Versant Capital Management Inc boosted its position in shares of Domino’s Pizza by 654.5% in the 2nd quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock worth $43,000 after buying an additional 72 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Domino’s Pizza in the 3rd quarter valued at about $43,000. Finally, Crewe Advisors LLC increased its holdings in Domino’s Pizza by 46.6% during the 2nd 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.

Domino’s Pizza Stock Performance

NYSE DPZ opened at $476.19 on Monday. Domino’s Pizza, Inc. has a one year low of $386.88 and a one year high of $542.75. The company’s 50 day moving average price is $433.11 and its 200 day moving average price is $454.04. The firm has a market capitalization of $16.44 billion, a price-to-earnings ratio of 29.25, a PEG ratio of 2.57 and a beta of 0.86.

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, beating the consensus estimate 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 business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the business posted $4.18 EPS. The business’s quarterly revenue was up 5.1% on a year-over-year basis. Sell-side analysts forecast that Domino’s Pizza, Inc. will post 16.82 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid 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 dividend yield of 1.27%. Domino’s Pizza’s dividend payout ratio (DPR) is currently 37.10%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DPZ. TD Cowen upped their price target 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. Evercore ISI reduced their target price 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. Wedbush reissued an “outperform” rating and set a $470.00 price target on shares of Domino’s Pizza in a research report 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 report on Friday, October 11th. Finally, Guggenheim decreased 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. 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 issued a strong buy rating to the company. According to MarketBeat.com, Domino’s Pizza currently has a consensus rating of “Moderate Buy” and an average price target of $495.76.

Insider Activity at Domino’s Pizza

In other news, EVP Kevin Scott Morris sold 2,646 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $459.00, for a total value 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 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 Securities & Exchange Commission, which can be accessed through this link. Also, Director Andrew Balson sold 6,970 shares of Domino’s Pizza stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $428.27, for a total transaction of $2,985,041.90. Following the sale, the director now directly owns 15,390 shares in the company, valued at $6,591,075.30. This trade represents a 31.17 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.76% of the company’s stock.

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.