Voya Investment Management LLC Sells 6,310 Shares of Domino’s Pizza Inc $DPZ

Voya Investment Management LLC decreased its position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 8.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,775 shares of the restaurant operator’s stock after selling 6,310 shares during the quarter. Voya Investment Management LLC owned about 0.20% of Domino’s Pizza worth $29,691,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. RMG Wealth Management LLC bought a new position in shares of Domino’s Pizza in the 2nd quarter worth $25,000. Signature Resources Capital Management LLC acquired a new position in Domino’s Pizza during the second quarter worth $29,000. Mid American Wealth Advisory Group Inc. acquired a new position in Domino’s Pizza during the second quarter worth $31,000. Atlantic Union Bankshares Corp bought a new position in shares of Domino’s Pizza in the second quarter valued at $34,000. Finally, SVB Wealth LLC bought a new position in shares of Domino’s Pizza in the first quarter valued at $36,000. 94.63% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 4,870 shares of the business’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $434.06, for a total value of $2,113,872.20. Following the sale, the executive vice president directly owned 6,744 shares in the company, valued at $2,927,300.64. The trade was a 41.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.83% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. TD Cowen reissued a “buy” rating and set a $510.00 target price on shares of Domino’s Pizza in a research report on Tuesday, October 14th. Piper Sandler reissued a “neutral” rating and set a $445.00 price objective on shares of Domino’s Pizza in a report on Monday, November 24th. Bank of America raised their target price on Domino’s Pizza from $514.00 to $536.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Domino’s Pizza in a research report on Monday, December 15th. Finally, Citigroup lowered their price target on Domino’s Pizza from $500.00 to $480.00 and set a “neutral” rating for the company in a research report on Tuesday, September 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $490.40.

Domino’s Pizza Stock Performance

Shares of NASDAQ:DPZ opened at $431.51 on Friday. The company has a market capitalization of $14.58 billion, a P/E ratio of 25.22, a price-to-earnings-growth ratio of 2.28 and a beta of 1.14. The company’s 50-day moving average is $415.63 and its 200 day moving average is $438.81. Domino’s Pizza Inc has a fifty-two week low of $392.89 and a fifty-two week high of $500.55.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings data on Tuesday, October 14th. The restaurant operator reported $4.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.96 by $0.12. Domino’s Pizza had a net margin of 12.16% and a negative return on equity of 14.91%. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the company posted $4.19 earnings per share. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. As a group, research analysts predict that Domino’s Pizza Inc will post 16.74 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Monday, December 15th will be issued a dividend of $1.74 per share. This represents a $6.96 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Monday, December 15th. Domino’s Pizza’s dividend payout ratio is 40.68%.

Domino’s Pizza Company Profile

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.