Domino’s Pizza, Inc. (NYSE:DPZ) Shares Sold by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. trimmed its holdings in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 12.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 693 shares of the restaurant operator’s stock after selling 96 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Domino’s Pizza were worth $358,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in DPZ. Mercer Global Advisors Inc. ADV grew its stake in shares of Domino’s Pizza by 18.4% during the second quarter. Mercer Global Advisors Inc. ADV now owns 1,650 shares of the restaurant operator’s stock worth $852,000 after acquiring an additional 256 shares during the last quarter. Virtu Financial LLC purchased a new stake in Domino’s Pizza during the 2nd quarter worth approximately $1,018,000. Edgestream Partners L.P. increased its stake in Domino’s Pizza by 20.4% during the 2nd quarter. Edgestream Partners L.P. now owns 591 shares of the restaurant operator’s stock valued at $305,000 after purchasing an additional 100 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Domino’s Pizza by 16.1% in the second quarter. Dimensional Fund Advisors LP now owns 151,935 shares of the restaurant operator’s stock worth $78,449,000 after buying an additional 21,088 shares during the last quarter. Finally, WINTON GROUP Ltd acquired a new stake in shares of Domino’s Pizza during the second quarter worth $3,334,000. 94.63% of the stock is owned by institutional investors and hedge funds.

Domino’s Pizza Price Performance

Shares of Domino’s Pizza stock opened at $414.42 on Friday. The business has a 50 day simple moving average of $425.01 and a two-hundred day simple moving average of $472.53. The stock has a market capitalization of $14.45 billion, a P/E ratio of 27.05, a PEG ratio of 2.14 and a beta of 0.86. Domino’s Pizza, Inc. has a 12 month low of $330.05 and a 12 month high of $542.75.

Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings data on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share for the quarter, beating analysts’ consensus estimates of $3.68 by $0.35. Domino’s Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the firm posted $3.08 EPS. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. As a group, research analysts anticipate that Domino’s Pizza, Inc. will post 16.24 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a dividend of $1.51 per share. The ex-dividend date is Friday, September 13th. This represents a $6.04 annualized dividend and a yield of 1.46%. Domino’s Pizza’s dividend payout ratio is presently 39.43%.

Analyst Upgrades and Downgrades

A number of analysts have commented on DPZ shares. Loop Capital reaffirmed a “hold” rating and set a $419.00 price target on shares of Domino’s Pizza in a research report on Friday. Oppenheimer decreased their target price on Domino’s Pizza from $510.00 to $490.00 and set an “outperform” rating for the company in a report on Friday, September 6th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Domino’s Pizza from $580.00 to $500.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Stephens decreased their price objective on shares of Domino’s Pizza from $493.00 to $430.00 and set an “equal weight” rating for the company in a research note on Friday, July 19th. Finally, Baird R W raised shares of Domino’s Pizza from a “hold” rating to a “strong-buy” rating in a report on Monday, July 8th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Domino’s Pizza currently has an average rating of “Moderate Buy” and a consensus price target of $507.93.

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.