ICW Investment Advisors LLC Boosts Stake in Domino’s Pizza, Inc. (NASDAQ:DPZ)

ICW Investment Advisors LLC boosted its position in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) by 16.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,261 shares of the restaurant operator’s stock after acquiring an additional 177 shares during the quarter. ICW Investment Advisors LLC’s holdings in Domino’s Pizza were worth $529,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of DPZ. FMR LLC boosted its stake in shares of Domino’s Pizza by 16.3% in the third quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock worth $941,936,000 after acquiring an additional 307,528 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Domino’s Pizza by 1.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator’s stock worth $708,498,000 after buying an additional 21,705 shares during the period. Berkshire Hathaway Inc purchased a new stake in shares of Domino’s Pizza in the third quarter worth approximately $549,399,000. Bank of New York Mellon Corp raised its holdings in shares of 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 worth $112,095,000 after buying an additional 8,753 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Domino’s Pizza by 1.0% during 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. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Insider Buying and Selling at Domino’s Pizza

In related news, EVP Kevin Scott Morris sold 5,416 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $437.00, for a total transaction of $2,366,792.00. Following the completion of the transaction, the executive vice president now owns 793 shares in the company, valued at approximately $346,541. The trade was a 87.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kelly E. Garcia sold 2,104 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total transaction of $917,933.12. Following the transaction, the executive vice president now owns 5,699 shares of the company’s stock, valued at approximately $2,486,359.72. This represents a 26.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,597 shares of company stock valued at $3,762,052 in the last ninety days. Company insiders own 0.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on DPZ shares. Robert W. Baird dropped their target price on Domino’s Pizza from $545.00 to $510.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 25th. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 target price on shares of Domino’s Pizza in a research note on Thursday, February 20th. Argus lowered Domino’s Pizza from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. BMO Capital Markets boosted their price objective on Domino’s Pizza from $500.00 to $515.00 and gave the company an “outperform” rating in a report on Tuesday, February 25th. Finally, TD Cowen reissued a “buy” rating and issued a $490.00 price objective on shares of Domino’s Pizza in a report on Monday, February 24th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $503.41.

Domino’s Pizza Price Performance

DPZ stock opened at $461.40 on Monday. Domino’s Pizza, Inc. has a 12 month low of $396.06 and a 12 month high of $542.75. The firm has a market cap of $15.82 billion, a PE ratio of 28.34, a P/E/G ratio of 2.47 and a beta of 1.06. The firm has a 50 day simple moving average of $454.96 and a 200 day simple moving average of $439.90.

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

Domino’s Pizza Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $1.74 dividend. The ex-dividend date is Friday, March 14th. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.51. This represents a $6.96 dividend on an annualized basis and a yield of 1.51%. Domino’s Pizza’s dividend payout ratio is 41.70%.

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.