Mirae Asset Global Investments Co. Ltd. Cuts Holdings in Domino’s Pizza Inc (NASDAQ:DPZ)

Mirae Asset Global Investments Co. Ltd. cut its position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 76.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,539 shares of the restaurant operator’s stock after selling 14,716 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Domino’s Pizza were worth $2,030,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DPZ. Berkshire Hathaway Inc boosted its stake in Domino’s Pizza by 86.5% in the fourth quarter. Berkshire Hathaway Inc now owns 2,382,000 shares of the restaurant operator’s stock valued at $999,868,000 after acquiring an additional 1,104,744 shares during the last quarter. Norges Bank purchased a new position in Domino’s Pizza in the fourth quarter valued at about $250,571,000. GAMMA Investing LLC boosted its stake in Domino’s Pizza by 53,740.4% in the first quarter. GAMMA Investing LLC now owns 260,049 shares of the restaurant operator’s stock valued at $119,480,000 after acquiring an additional 259,566 shares during the last quarter. Invesco Ltd. boosted its stake in Domino’s Pizza by 46.0% in the fourth quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator’s stock valued at $255,649,000 after acquiring an additional 191,752 shares during the last quarter. Finally, Freestone Grove Partners LP purchased a new position in Domino’s Pizza in the fourth quarter valued at about $56,647,000. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Bank of America upped their price target on shares of Domino’s Pizza from $520.00 to $549.00 and gave the company a “buy” rating in a research note on Tuesday, April 29th. Guggenheim restated a “neutral” rating on shares of Domino’s Pizza in a research note on Thursday, May 15th. Citigroup upped their price target on shares of Domino’s Pizza from $480.00 to $500.00 and gave the company a “neutral” rating in a research note on Tuesday, April 29th. BTIG Research set a $530.00 price target on shares of Domino’s Pizza and gave the company a “buy” rating in a research note on Monday, April 28th. Finally, Wells Fargo & Company upped their price target on shares of Domino’s Pizza from $445.00 to $465.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 29th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $487.17.

Domino’s Pizza Stock Up 0.5%

Shares of NASDAQ:DPZ opened at $456.00 on Friday. The stock has a market cap of $15.61 billion, a PE ratio of 26.15, a PEG ratio of 2.58 and a beta of 1.09. The company’s fifty day moving average is $470.41 and its 200 day moving average is $457.61. Domino’s Pizza Inc has a 52 week low of $396.06 and a 52 week high of $509.09.

Domino’s Pizza (NASDAQ:DPZ) last issued its earnings results on Monday, April 28th. The restaurant operator reported $4.33 EPS for the quarter, topping analysts’ consensus estimates of $4.12 by $0.21. The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.12 billion. Domino’s Pizza had a net margin of 12.84% and a negative return on equity of 15.45%. The firm’s revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the company earned $3.58 EPS. Sell-side analysts anticipate that Domino’s Pizza Inc will post 16.74 EPS for the current year.

Domino’s Pizza Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date was Friday, June 13th. Domino’s Pizza’s payout ratio is 39.91%.

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.