Caisse DE Depot ET Placement DU Quebec Increases Position in Domino’s Pizza, Inc. (NYSE:DPZ)

Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 584.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,189 shares of the restaurant operator’s stock after purchasing an additional 8,700 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Domino’s Pizza were worth $4,383,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of DPZ. William Allan Corp lifted its position in shares of Domino’s Pizza by 5.7% during the 3rd quarter. William Allan Corp now owns 2,781 shares of the restaurant operator’s stock valued at $1,196,000 after buying an additional 149 shares in the last quarter. Infusive Asset Management Inc. purchased a new position in Domino’s Pizza during the third quarter valued at $2,621,000. Capstone Investment Advisors LLC grew its position in shares of Domino’s Pizza by 23.7% in the third quarter. Capstone Investment Advisors LLC now owns 779 shares of the restaurant operator’s stock valued at $335,000 after purchasing an additional 149 shares during the period. Rockefeller Capital Management L.P. increased its stake in shares of Domino’s Pizza by 4.5% during the third quarter. Rockefeller Capital Management L.P. now owns 14,154 shares of the restaurant operator’s stock worth $6,089,000 after purchasing an additional 610 shares in the last quarter. Finally, FORA Capital LLC acquired a new position in shares of Domino’s Pizza during the 3rd quarter worth about $2,158,000. 94.63% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Kevin Scott Morris sold 2,646 shares of Domino’s Pizza stock in a transaction that occurred 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 owns 1,966 shares in the company, valued at $902,394. The trade was a 57.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andrew Balson sold 6,970 shares of the 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 sale, the director now directly owns 15,390 shares in the company, valued at approximately $6,591,075.30. This represents a 31.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by insiders.

Analysts Set New Price Targets

DPZ has been the topic of several research analyst reports. Oppenheimer reiterated an “outperform” rating and issued a $490.00 price objective on shares of Domino’s Pizza in a report on Friday, October 11th. Piper Sandler dropped their price target on Domino’s Pizza from $436.00 to $429.00 and set a “neutral” rating for the company in a research report on Monday, October 7th. BTIG Research reduced their price objective on Domino’s Pizza from $580.00 to $500.00 and set a “buy” rating for the company in a research note on Friday, October 11th. Citigroup lowered their target price on shares of Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating on the stock in a research note on Friday, October 11th. Finally, Loop Capital upgraded shares of Domino’s Pizza from a “hold” rating to a “buy” rating and increased their target price for the company from $419.00 to $559.00 in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $495.76.

Domino’s Pizza Stock Performance

NYSE:DPZ opened at $466.18 on Tuesday. Domino’s Pizza, Inc. has a fifty-two week low of $390.48 and a fifty-two week high of $542.75. The company has a 50 day moving average price of $433.11 and a 200 day moving average price of $453.58. The stock has a market capitalization of $16.10 billion, a P/E ratio of 28.64, a PEG ratio of 2.57 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last released its earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.65 by $0.54. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.10 billion. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the business earned $4.18 EPS. Research analysts forecast that Domino’s Pizza, Inc. will post 16.82 earnings per share 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. Investors of record on Friday, December 13th will be issued a $1.51 dividend. The ex-dividend date is Friday, December 13th. This represents a $6.04 dividend on an annualized basis and a yield of 1.30%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 37.10%.

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.