Huntington National Bank Increases Stock Holdings in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Huntington National Bank increased its position in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 7.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 475 shares of the restaurant operator’s stock after acquiring an additional 33 shares during the quarter. Huntington National Bank’s holdings in Domino’s Pizza were worth $199,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of DPZ. Principal Financial Group Inc. increased its stake in Domino’s Pizza by 1.3% in the 4th quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator’s stock worth $708,498,000 after acquiring an additional 21,705 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Domino’s Pizza by 10.7% during the fourth quarter. Geode Capital Management LLC now owns 955,160 shares of the restaurant operator’s stock worth $403,203,000 after purchasing an additional 92,389 shares in the last quarter. Norges Bank bought a new position in shares of Domino’s Pizza in the fourth quarter worth approximately $250,571,000. Bank of New York Mellon Corp raised its stake in Domino’s Pizza by 3.4% in the fourth quarter. Bank of New York Mellon Corp now owns 267,046 shares of the restaurant operator’s stock valued at $112,095,000 after purchasing an additional 8,753 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in Domino’s Pizza by 38.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 130,522 shares of the restaurant operator’s stock valued at $54,788,000 after purchasing an additional 36,161 shares during the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Stock Performance

DPZ stock opened at $444.21 on Friday. Domino’s Pizza, Inc. has a fifty-two week low of $396.06 and a fifty-two week high of $542.75. The company has a market capitalization of $15.24 billion, a price-to-earnings ratio of 27.29, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15. The business’s 50 day moving average price is $461.64 and its two-hundred day moving average price is $443.26.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share for the quarter, missing the consensus estimate of $4.93 by ($0.04). The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. Domino’s Pizza’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the previous year, the company earned $4.48 earnings per share. Sell-side analysts forecast that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current year.

Domino’s Pizza Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $1.74 dividend. This represents a $6.96 annualized dividend and a dividend yield of 1.57%. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.51. The ex-dividend date of this dividend was Friday, March 14th. Domino’s Pizza’s dividend payout ratio (DPR) is presently 41.70%.

Analysts Set New Price Targets

A number of brokerages have recently commented on DPZ. Stephens reissued an “equal weight” rating and issued a $440.00 price target on shares of Domino’s Pizza in a report on Wednesday. TD Securities reissued a “buy” rating and issued a $490.00 target price on shares of Domino’s Pizza in a research note on Monday, March 31st. BMO Capital Markets raised their price target on Domino’s Pizza from $500.00 to $515.00 and gave the company an “outperform” rating in a research report on Tuesday, February 25th. Robert W. Baird cut their price objective on Domino’s Pizza from $545.00 to $510.00 and set an “outperform” rating for the company in a report on Tuesday, February 25th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $500.00 price objective on shares of Domino’s Pizza in a report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $503.41.

Insider Activity at Domino’s Pizza

In related news, CFO Reddy Sandeep sold 1,077 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $443.20, for a total transaction of $477,326.40. Following the completion of the transaction, the chief financial officer now owns 8,081 shares of the company’s stock, valued at $3,581,499.20. This trade represents a 11.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kevin Scott Morris sold 5,416 shares of the business’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $437.00, for a total value of $2,366,792.00. Following the completion of the sale, the executive vice president now directly owns 793 shares in the company, valued at $346,541. This trade represents a 87.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,996 shares of company stock valued at $3,946,461 in the last three months. Company insiders own 0.83% of the company’s stock.

About Domino’s Pizza

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.