Royal London Asset Management Ltd. Has $6.28 Million Stock Position in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Royal London Asset Management Ltd. increased its stake in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) by 0.3% in the fourth quarter, Holdings Channel reports. The firm owned 14,951 shares of the restaurant operator’s stock after buying an additional 39 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Domino’s Pizza were worth $6,276,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DPZ. KG&L Capital Management LLC grew its position in shares of Domino’s Pizza by 1.4% during the 4th quarter. KG&L Capital Management LLC now owns 1,725 shares of the restaurant operator’s stock worth $724,000 after buying an additional 23 shares during the period. Oppenheimer & Co. Inc. boosted its stake in Domino’s Pizza by 2.0% during the 4th quarter. Oppenheimer & Co. Inc. now owns 1,157 shares of the restaurant operator’s stock worth $486,000 after acquiring an additional 23 shares during the last quarter. Greenleaf Trust grew its holdings in Domino’s Pizza by 3.1% during the fourth quarter. Greenleaf Trust now owns 854 shares of the restaurant operator’s stock valued at $358,000 after purchasing an additional 26 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Domino’s Pizza by 40.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock valued at $38,000 after purchasing an additional 26 shares during the period. Finally, Larson Financial Group LLC increased its stake in Domino’s Pizza by 2.8% in the fourth quarter. Larson Financial Group LLC now owns 1,017 shares of the restaurant operator’s stock valued at $427,000 after purchasing an additional 28 shares in the last quarter. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Stock Performance

Shares of DPZ stock opened at $461.40 on Monday. Domino’s Pizza, Inc. has a 52-week low of $396.06 and a 52-week high of $542.75. The stock has a market cap of $15.82 billion, a price-to-earnings ratio of 28.34, a PEG ratio of 2.47 and a beta of 1.06. The firm’s 50-day moving average is $454.96 and its 200-day moving average is $439.90.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings data on Monday, February 24th. The restaurant operator reported $4.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.93 by ($0.04). Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the prior year, the company earned $4.48 EPS. Domino’s Pizza’s quarterly revenue was up 2.9% on a year-over-year basis. Sell-side analysts predict that Domino’s Pizza, Inc. will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $1.74 per share. This represents a $6.96 dividend on an annualized basis and a yield of 1.51%. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.51. The ex-dividend date is Friday, March 14th. Domino’s Pizza’s payout ratio is 41.70%.

Insider Buying and Selling at Domino’s Pizza

In other news, EVP Kelly E. Garcia sold 2,104 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $436.28, for a total value of $917,933.12. Following the transaction, the executive vice president now owns 5,699 shares of the company’s stock, valued at approximately $2,486,359.72. This represents a 26.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Reddy Sandeep sold 1,077 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $443.20, for a total value of $477,326.40. Following the transaction, the chief financial officer now owns 8,081 shares in the company, valued at approximately $3,581,499.20. This trade represents a 11.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,597 shares of company stock worth $3,762,052 over the last ninety days. Insiders own 0.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. TD Securities reissued a “buy” rating and issued a $490.00 price target on shares of Domino’s Pizza in a report on Monday, February 24th. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 price target on shares of Domino’s Pizza in a report on Thursday, February 20th. Barclays raised their price target on Domino’s Pizza from $402.00 to $420.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 25th. Stephens reiterated an “equal weight” rating and issued a $440.00 price objective on shares of Domino’s Pizza in a research report on Monday, March 3rd. Finally, TD Cowen restated a “buy” rating and set a $490.00 target price on shares of Domino’s Pizza in a report on Monday, February 24th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $503.41.

About Domino’s Pizza

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.