Orion Portfolio Solutions LLC Lowers Stake in Domino’s Pizza, Inc. (NYSE:DPZ)

Orion Portfolio Solutions LLC lowered its position in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 20.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 2,619 shares of the restaurant operator’s stock after selling 658 shares during the period. Orion Portfolio Solutions LLC’s holdings in Domino’s Pizza were worth $1,127,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Berkshire Hathaway Inc purchased a new position in Domino’s Pizza during the third quarter valued at approximately $549,399,000. Charles Schwab Investment Management Inc. lifted its holdings in Domino’s Pizza by 1.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 229,099 shares of the restaurant operator’s stock valued at $98,545,000 after purchasing an additional 2,201 shares in the last quarter. Commerce Bank lifted its holdings in shares of Domino’s Pizza by 17.7% in the third quarter. Commerce Bank now owns 9,354 shares of the restaurant operator’s stock worth $4,024,000 after buying an additional 1,404 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Domino’s Pizza by 130.2% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 2,387 shares of the restaurant operator’s stock worth $1,232,000 after buying an additional 1,350 shares in the last quarter. Finally, Benjamin Edwards Inc. purchased a new position in shares of Domino’s Pizza in the third quarter worth $1,154,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Wedbush reissued an “outperform” rating and issued a $470.00 target price on shares of Domino’s Pizza in a report on Friday, October 11th. Stephens lowered their target price on shares of Domino’s Pizza from $430.00 to $420.00 and set an “equal weight” rating on the stock in a report on Friday, October 11th. BTIG Research lowered their target price on shares of Domino’s Pizza from $580.00 to $500.00 and set a “buy” rating on the stock in a report on Friday, October 11th. Citigroup lowered their target price on shares of Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating on the stock in a report on Friday, October 11th. Finally, Morgan Stanley lowered their target price on shares of Domino’s Pizza from $520.00 to $510.00 and set an “overweight” rating on the stock in a report on Friday, October 11th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $495.76.

Insider Activity

In related news, Director Andrew Balson sold 6,970 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were 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 directly owns 15,390 shares of the company’s stock, valued at $6,591,075.30. This represents a 31.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 completion of the sale, the executive vice president now directly owns 1,966 shares of the company’s stock, valued at approximately $902,394. This trade represents a 57.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.76% of the company’s stock.

Domino’s Pizza Trading Down 2.2 %

Shares of DPZ opened at $453.17 on Friday. The firm has a market capitalization of $15.65 billion, a P/E ratio of 27.84, a P/E/G ratio of 2.47 and a beta of 0.88. Domino’s Pizza, Inc. has a 12-month low of $395.08 and a 12-month high of $542.75. The firm has a fifty day moving average price of $439.97 and a 200-day moving average price of $450.58.

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 firm had revenue of $1.08 billion during 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 business’s revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm earned $4.18 earnings per share. Analysts predict that Domino’s Pizza, Inc. will post 16.82 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Friday, December 13th. Domino’s Pizza’s dividend payout ratio is currently 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.