Thrivent Financial for Lutherans Has $1.47 Million Position in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Thrivent Financial for Lutherans trimmed its stake in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) by 16.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 3,508 shares of the restaurant operator’s stock after selling 708 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Domino’s Pizza were worth $1,473,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. increased its stake 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 valued at $708,498,000 after buying an additional 21,705 shares during the period. Berkshire Hathaway Inc bought a new stake in Domino’s Pizza during the 3rd quarter worth approximately $549,399,000. Bank of New York Mellon Corp increased its position in Domino’s Pizza by 3.4% in the 4th quarter. Bank of New York Mellon Corp now owns 267,046 shares of the restaurant operator’s stock valued at $112,095,000 after acquiring an additional 8,753 shares during the period. Dixon Mitchell Investment Counsel Inc. raised its stake in shares of Domino’s Pizza by 4.0% during the fourth quarter. Dixon Mitchell Investment Counsel Inc. now owns 127,622 shares of the restaurant operator’s stock valued at $53,571,000 after acquiring an additional 4,875 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in shares of Domino’s Pizza during the fourth quarter worth $41,701,000. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Domino’s Pizza Stock Performance

Shares of DPZ opened at $447.12 on Monday. Domino’s Pizza, Inc. has a 52 week low of $396.06 and a 52 week high of $542.75. The stock has a 50 day moving average price of $459.46 and a two-hundred day moving average price of $441.65. The firm has a market capitalization of $15.33 billion, a P/E ratio of 27.46, a P/E/G ratio of 2.47 and a beta of 1.06.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter last year, the company posted $4.48 EPS. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, equities analysts forecast that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current year.

Domino’s Pizza Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $1.74 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $6.96 annualized dividend and a dividend yield of 1.56%. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.51. Domino’s Pizza’s dividend payout ratio is currently 41.70%.

Analyst Upgrades and Downgrades

DPZ has been the subject of a number of recent research reports. Wedbush restated an “outperform” rating and issued a $500.00 price objective on shares of Domino’s Pizza in a report on Tuesday, February 25th. Benchmark reissued a “buy” rating and issued a $520.00 price target on shares of Domino’s Pizza in a research note on Tuesday, February 25th. Stephens reaffirmed an “equal weight” rating and issued a $440.00 price objective on shares of Domino’s Pizza in a research note on Monday, March 3rd. Citigroup upped their target price on Domino’s Pizza from $440.00 to $520.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. Finally, Morgan Stanley lowered their price target on shares of Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $503.41.

Insider Activity at Domino’s Pizza

In other Domino’s Pizza news, 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 transaction, the executive vice president now owns 793 shares of the company’s stock, valued at approximately $346,541. The trade was a 87.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kelly E. Garcia sold 2,104 shares of the firm’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total value of $917,933.12. Following the sale, the executive vice president now directly owns 5,699 shares of the company’s stock, valued at approximately $2,486,359.72. This represents a 26.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,597 shares of company stock valued at $3,762,052 over the last ninety days. Corporate 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.