Domino’s Pizza, Inc. (NYSE:DPZ) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its position in Domino’s Pizza, Inc. (NYSE:DPZ) by 375.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 873,859 shares of the restaurant operator’s stock after purchasing an additional 690,006 shares during the quarter. Principal Financial Group Inc. owned about 2.13% of Domino’s Pizza worth $225,544,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in DPZ. FMR LLC grew its holdings in Domino’s Pizza by 51.2% during the fourth quarter. FMR LLC now owns 2,065,435 shares of the restaurant operator’s stock worth $512,206,000 after acquiring an additional 699,502 shares during the period. Norges Bank acquired a new stake in Domino’s Pizza during the fourth quarter worth about $116,931,000. Wells Fargo & Company MN grew its holdings in Domino’s Pizza by 264.0% during the first quarter. Wells Fargo & Company MN now owns 482,044 shares of the restaurant operator’s stock worth $124,415,000 after acquiring an additional 349,600 shares during the period. BlackRock Inc. grew its holdings in Domino’s Pizza by 5.6% during the fourth quarter. BlackRock Inc. now owns 5,380,982 shares of the restaurant operator’s stock worth $1,334,427,000 after acquiring an additional 284,078 shares during the period. Finally, Frontier Capital Management Co. LLC acquired a new stake in Domino’s Pizza during the first quarter worth about $43,926,000. Hedge funds and other institutional investors own 97.03% of the company’s stock.

In related news, CEO Richard E. Allison, Jr. sold 10,000 shares of Domino’s Pizza stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $279.19, for a total transaction of $2,791,900.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.62% of the company’s stock.

Several analysts recently commented on DPZ shares. Citigroup dropped their target price on Domino’s Pizza from $293.00 to $282.00 and set a “neutral” rating on the stock in a report on Wednesday, March 6th. JPMorgan Chase & Co. raised Domino’s Pizza from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $94.00 to $270.00 in a report on Tuesday, March 19th. Wells Fargo & Co dropped their price objective on Domino’s Pizza from $250.00 to $240.00 and set a “market perform” rating on the stock in a report on Tuesday, April 16th. Morgan Stanley raised Domino’s Pizza from an “equal weight” rating to an “overweight” rating and set a $260.90 price objective on the stock in a report on Wednesday, April 17th. Finally, Maxim Group reissued a “buy” rating and issued a $315.00 price objective (up from $305.00) on shares of Domino’s Pizza in a report on Wednesday, April 17th. One analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company’s stock. Domino’s Pizza currently has a consensus rating of “Buy” and a consensus target price of $297.00.

Shares of DPZ opened at $3,483,459,070.00 on Friday. The firm has a market capitalization of $11.42 billion, a price-to-earnings ratio of 413,712,478.62, a P/E/G ratio of 2.02 and a beta of 0.53. The firm has a 50 day simple moving average of $280.88. Domino’s Pizza, Inc. has a 12 month low of $231.28 and a 12 month high of $305.34.

Domino’s Pizza (NYSE:DPZ) last released its earnings results on Wednesday, April 24th. The restaurant operator reported $2.20 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.13. Domino’s Pizza had a negative return on equity of 12.38% and a net margin of 10.50%. The business had revenue of $835.96 million for the quarter, compared to the consensus estimate of $852.59 million. During the same quarter last year, the business posted $2.00 earnings per share. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. Research analysts predict that Domino’s Pizza, Inc. will post 9.31 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a dividend of $0.65 per share. The ex-dividend date was Thursday, June 13th. This represents a $2.60 dividend on an annualized basis and a yield of 0.00%. Domino’s Pizza’s payout ratio is 30.88%.

Domino’s Pizza Company Profile

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates in three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's brand name through company-owned and franchised stores.

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Institutional Ownership by Quarter for Domino`s Pizza (NYSE:DPZ)

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