PNC Financial Services Group Inc. Sells 2,397 Shares of Domino’s Pizza, Inc. (DPZ)

PNC Financial Services Group Inc. reduced its stake in Domino’s Pizza, Inc. (NYSE:DPZ) by 16.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 12,395 shares of the restaurant operator’s stock after selling 2,397 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Domino’s Pizza were worth $3,653,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Cookson Peirce & Co. Inc. boosted its position in Domino’s Pizza by 0.6% in the 3rd quarter. Cookson Peirce & Co. Inc. now owns 29,485 shares of the restaurant operator’s stock valued at $8,692,000 after buying an additional 185 shares during the last quarter. Eagle Asset Management Inc. boosted its position in Domino’s Pizza by 13.3% in the 2nd quarter. Eagle Asset Management Inc. now owns 1,632 shares of the restaurant operator’s stock valued at $460,000 after buying an additional 191 shares during the last quarter. V Wealth Management LLC boosted its position in Domino’s Pizza by 13.5% in the 3rd quarter. V Wealth Management LLC now owns 1,644 shares of the restaurant operator’s stock valued at $485,000 after buying an additional 195 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in Domino’s Pizza by 6.8% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 3,120 shares of the restaurant operator’s stock valued at $919,000 after buying an additional 198 shares during the last quarter. Finally, MML Investors Services LLC boosted its position in Domino’s Pizza by 12.8% in the 3rd quarter. MML Investors Services LLC now owns 1,852 shares of the restaurant operator’s stock valued at $546,000 after buying an additional 210 shares during the last quarter. Hedge funds and other institutional investors own 90.51% of the company’s stock.

Shares of DPZ stock opened at $266.40 on Friday. Domino’s Pizza, Inc. has a one year low of $177.24 and a one year high of $305.34. The stock has a market cap of $11.07 billion, a PE ratio of 49.89, a P/E/G ratio of 1.84 and a beta of 0.41.

Domino’s Pizza (NYSE:DPZ) last issued its earnings results on Tuesday, October 16th. The restaurant operator reported $1.95 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.75 by $0.20. Domino’s Pizza had a net margin of 10.60% and a negative return on equity of 11.92%. The firm had revenue of $786.00 million for the quarter, compared to analysts’ expectations of $789.10 million. During the same quarter last year, the company posted $1.27 earnings per share. Domino’s Pizza’s revenue was up 22.1% on a year-over-year basis. On average, research analysts forecast that Domino’s Pizza, Inc. will post 8.44 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be issued a $0.55 dividend. The ex-dividend date is Thursday, December 13th. This represents a $2.20 dividend on an annualized basis and a yield of 0.83%. Domino’s Pizza’s dividend payout ratio is currently 41.20%.

In other Domino’s Pizza news, CEO Richard E. Allison, Jr. sold 5,000 shares of the firm’s stock in a transaction dated Thursday, November 29th. The shares were sold at an average price of $279.31, for a total value of $1,396,550.00. Following the transaction, the chief executive officer now owns 44,864 shares of the company’s stock, valued at $12,530,963.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.97% of the company’s stock.

A number of equities analysts have weighed in on the stock. Zacks Investment Research cut shares of Domino’s Pizza from a “hold” rating to a “sell” rating in a research report on Tuesday, September 18th. UBS Group assumed coverage on shares of Domino’s Pizza in a research report on Monday, October 22nd. They issued a “neutral” rating and a $285.00 price objective for the company. Maxim Group reissued a “buy” rating and issued a $310.00 price objective on shares of Domino’s Pizza in a research report on Friday, November 16th. Citigroup reduced their price target on shares of Domino’s Pizza from $298.00 to $293.00 and set a “neutral” rating on the stock in a research report on Monday, October 22nd. Finally, Mizuho set a $300.00 price target on shares of Domino’s Pizza and gave the stock a “buy” rating in a research report on Wednesday, October 17th. Nine investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $277.00.

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Domino’s Pizza Company Profile

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates through three segments: Domestic Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's Pizza brand name through company-owned and franchised Domino's Pizza stores.

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Institutional Ownership by Quarter for Domino`s Pizza (NYSE:DPZ)

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