The Manufacturers Life Insurance Company Has $9 Million Position in Domino’s Pizza, Inc. (NYSE:DPZ)

The Manufacturers Life Insurance Company reduced its holdings in Domino’s Pizza, Inc. (NYSE:DPZ) by 0.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,933 shares of the restaurant operator’s stock after selling 112 shares during the quarter. The Manufacturers Life Insurance Company owned 0.06% of Domino’s Pizza worth $9,004,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its stake in Domino’s Pizza by 1.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 229,099 shares of the restaurant operator’s stock worth $98,545,000 after purchasing an additional 2,201 shares during the period. Commerce Bank raised its position in Domino’s Pizza by 17.7% in the 3rd quarter. Commerce Bank now owns 9,354 shares of the restaurant operator’s stock valued at $4,024,000 after buying an additional 1,404 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in Domino’s Pizza by 866.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 49,846 shares of the restaurant operator’s stock valued at $25,737,000 after acquiring an additional 44,688 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in Domino’s Pizza by 130.2% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,387 shares of the restaurant operator’s stock worth $1,232,000 after acquiring an additional 1,350 shares during the last quarter. Finally, Cetera Investment Advisers grew its stake in shares of Domino’s Pizza by 422.7% during the 1st quarter. Cetera Investment Advisers now owns 7,721 shares of the restaurant operator’s stock worth $3,836,000 after acquiring an additional 6,244 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Evercore ISI decreased their target price 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. Jefferies Financial Group lowered their target price on Domino’s Pizza from $455.00 to $450.00 and set a “hold” rating on the stock in a research report on Friday, October 11th. Deutsche Bank Aktiengesellschaft reduced their price target on Domino’s Pizza from $500.00 to $480.00 and set a “buy” rating for the company in a research report on Friday, October 11th. Bank of America lowered their price target on Domino’s Pizza from $582.00 to $557.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. Finally, Wedbush reissued an “outperform” rating and issued a $470.00 price objective on shares of Domino’s Pizza in a report on Friday, October 11th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $495.76.

Insider Activity

In related news, EVP Kevin Scott Morris sold 2,646 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $459.00, for a total transaction of $1,214,514.00. Following the sale, the executive vice president now owns 1,966 shares in the company, valued at $902,394. This represents a 57.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andrew Balson sold 6,970 shares of Domino’s Pizza stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $428.27, for a total value of $2,985,041.90. Following the completion of the sale, the director now owns 15,390 shares of the company’s stock, valued at approximately $6,591,075.30. The trade was a 31.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.81% of the company’s stock.

Domino’s Pizza Price Performance

Shares of Domino’s Pizza stock opened at $462.13 on Wednesday. The company’s 50 day moving average price is $434.02 and its two-hundred day moving average price is $453.25. The firm has a market capitalization of $15.96 billion, a P/E ratio of 28.39, a P/E/G ratio of 2.51 and a beta of 0.88. Domino’s Pizza, Inc. has a fifty-two week low of $390.48 and a fifty-two week high of $542.75.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings data on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share for the quarter, topping 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 negative return on equity of 14.35% and a net margin of 12.26%. Domino’s Pizza’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.18 EPS. On average, analysts expect that Domino’s Pizza, Inc. will post 16.82 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given 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 1.31%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 37.10%.

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.