Toronto Dominion Bank Buys 2,161 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

Toronto Dominion Bank increased its position in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 16.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,178 shares of the restaurant operator’s stock after purchasing an additional 2,161 shares during the quarter. Toronto Dominion Bank’s holdings in Domino’s Pizza were worth $6,529,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. FMR LLC raised its holdings in shares of Domino’s Pizza by 16.3% during the 3rd quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock worth $941,936,000 after buying an additional 307,528 shares in the last quarter. Principal Financial Group Inc. raised its stake in Domino’s Pizza by 1.4% during the third quarter. Principal Financial Group Inc. now owns 1,666,158 shares of the restaurant operator’s stock worth $716,681,000 after acquiring an additional 23,681 shares in the last quarter. Berkshire Hathaway Inc bought a new position in shares of Domino’s Pizza in the third quarter worth about $549,399,000. Marshfield Associates boosted its stake in shares of Domino’s Pizza by 0.3% in the 2nd quarter. Marshfield Associates now owns 713,481 shares of the restaurant operator’s stock valued at $368,392,000 after purchasing an additional 2,271 shares in the last quarter. Finally, International Assets Investment Management LLC grew its holdings in shares of Domino’s Pizza by 40,191.5% during the 3rd quarter. International Assets Investment Management LLC now owns 523,790 shares of the restaurant operator’s stock valued at $225,303,000 after purchasing an additional 522,490 shares during the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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 approximately $6,591,075.30. The trade was a 31.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Kevin Scott Morris sold 2,646 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $459.00, for a total transaction of $1,214,514.00. Following the completion of the transaction, the executive vice president now directly owns 1,966 shares in the company, valued at $902,394. This trade represents a 57.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.76% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

DPZ has been the topic of a number of research analyst reports. Wells Fargo & Company cut their target price on shares of Domino’s Pizza from $450.00 to $420.00 and set an “equal weight” rating on the stock in a research report on Friday, October 11th. Guggenheim reduced their price objective on Domino’s Pizza from $485.00 to $460.00 and set a “neutral” rating on the stock in a research report on Thursday, September 26th. Jefferies Financial Group dropped their target price on Domino’s Pizza from $455.00 to $450.00 and set a “hold” rating for the company in a research report on Friday, October 11th. Wedbush restated an “outperform” rating and set a $470.00 price target on shares of Domino’s Pizza in a report on Friday, October 11th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Domino’s Pizza from $500.00 to $480.00 and set a “buy” rating for the company in a report on Friday, October 11th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Domino’s Pizza currently has a consensus rating of “Moderate Buy” and an average price target of $495.76.

Domino’s Pizza Stock Performance

Domino’s Pizza stock opened at $453.17 on Friday. The stock has a market capitalization of $15.65 billion, a price-to-earnings ratio of 27.84, a PEG ratio of 2.47 and a beta of 0.88. Domino’s Pizza, Inc. has a 52-week low of $395.08 and a 52-week high of $542.75. The stock’s 50 day moving average price is $439.97 and its two-hundred day moving average price is $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, topping the consensus estimate of $3.65 by $0.54. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the prior year, the firm earned $4.18 earnings per share. Domino’s Pizza’s revenue was up 5.1% on a year-over-year basis. On average, equities research analysts forecast that Domino’s Pizza, Inc. will post 16.82 EPS for the current year.

Domino’s Pizza Dividend Announcement

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