Crossmark Global Holdings Inc. Trims Stock Holdings in Domino’s Pizza, Inc. (NYSE:DPZ)

Crossmark Global Holdings Inc. lessened its stake in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 15.8% in the third quarter, HoldingsChannel reports. The firm owned 1,985 shares of the restaurant operator’s stock after selling 373 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Domino’s Pizza were worth $854,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division purchased a new stake in shares of Domino’s Pizza during the third quarter worth about $30,000. Blue Trust Inc. lifted its stake in shares of Domino’s Pizza by 162.5% during the 2nd quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock worth $31,000 after purchasing an additional 39 shares during the period. Crewe Advisors LLC acquired a new stake in shares of Domino’s Pizza during the first quarter worth $36,000. Versant Capital Management Inc grew its position in shares of Domino’s Pizza by 654.5% in the second quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock valued at $43,000 after purchasing an additional 72 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Domino’s Pizza in the third quarter valued at $43,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

Insider Activity at Domino’s Pizza

In other Domino’s Pizza news, Director Andrew Balson sold 6,970 shares of the business’s stock in a transaction 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 owns 15,390 shares in the company, valued at $6,591,075.30. The trade was a 31.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.76% of the company’s stock.

Domino’s Pizza Trading Down 0.8 %

Shares of NYSE:DPZ opened at $435.97 on Friday. Domino’s Pizza, Inc. has a 12-month low of $367.24 and a 12-month high of $542.75. The firm has a market cap of $15.05 billion, a PE ratio of 26.78, a price-to-earnings-growth ratio of 2.37 and a beta of 0.86. The company has a fifty day simple moving average of $423.17 and a 200 day simple moving average of $459.20.

Domino’s Pizza (NYSE:DPZ) last issued its earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.65 by $0.54. The business 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 company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.18 EPS. As a group, equities research analysts forecast that Domino’s Pizza, Inc. will post 16.86 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders 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 dividend yield of 1.39%. Domino’s Pizza’s dividend payout ratio (DPR) is 37.10%.

Wall Street Analyst Weigh In

DPZ has been the topic of a number of research analyst reports. Royal Bank of Canada decreased their price target on Domino’s Pizza from $500.00 to $490.00 and set an “outperform” rating on the stock in a research note on Friday, October 11th. Benchmark reissued a “buy” rating and issued a $520.00 target price on shares of Domino’s Pizza in a research report on Friday, October 11th. Evercore ISI dropped their price target on shares of Domino’s Pizza from $500.00 to $480.00 and set an “outperform” rating for the company in a research report on Monday, October 7th. Bank of America decreased their price target on shares of Domino’s Pizza from $582.00 to $557.00 and set a “buy” rating on the stock in a report on Friday, October 11th. Finally, Guggenheim dropped their price objective on Domino’s Pizza from $485.00 to $460.00 and set a “neutral” rating for the company in a report on Thursday, September 26th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Domino’s Pizza currently has a consensus rating of “Moderate Buy” and an average price target of $494.38.

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.