PNC Financial Services Group Inc. Has $3.24 Million Holdings in Domino’s Pizza, Inc. (NYSE:DPZ)

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PNC Financial Services Group Inc. trimmed its position in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 11.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,545 shares of the restaurant operator’s stock after selling 1,680 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Domino’s Pizza were worth $3,237,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CIBC World Markets Inc. raised its stake in Domino’s Pizza by 19.2% in the 1st quarter. CIBC World Markets Inc. now owns 1,596 shares of the restaurant operator’s stock valued at $412,000 after acquiring an additional 257 shares during the period. Advisor Group Inc. grew its holdings in Domino’s Pizza by 3.6% during the 1st quarter. Advisor Group Inc. now owns 2,280 shares of the restaurant operator’s stock valued at $589,000 after buying an additional 80 shares in the last quarter. California State Teachers Retirement System grew its holdings in Domino’s Pizza by 0.4% during the 1st quarter. California State Teachers Retirement System now owns 68,885 shares of the restaurant operator’s stock valued at $17,779,000 after buying an additional 292 shares in the last quarter. Acadian Asset Management LLC grew its holdings in Domino’s Pizza by 6.4% during the 1st quarter. Acadian Asset Management LLC now owns 15,173 shares of the restaurant operator’s stock valued at $3,916,000 after buying an additional 911 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its holdings in Domino’s Pizza by 16.6% during the 1st quarter. Great West Life Assurance Co. Can now owns 45,759 shares of the restaurant operator’s stock valued at $11,797,000 after buying an additional 6,528 shares in the last quarter. 97.30% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director James A. Goldman sold 1,190 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $247.24, for a total transaction of $294,215.60. Following the completion of the transaction, the director now owns 7,695 shares of the company’s stock, valued at $1,902,511.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard E. Allison, Jr. sold 10,000 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $279.19, for a total value of $2,791,900.00. The disclosure for this sale can be found here. Insiders have sold 15,190 shares of company stock valued at $4,106,116 in the last three months. 1.62% of the stock is owned by insiders.

Shares of NYSE DPZ traded up $4.27 during midday trading on Wednesday, hitting $284.40. 5,717 shares of the company’s stock were exchanged, compared to its average volume of 811,178. Domino’s Pizza, Inc. has a 12-month low of $231.28 and a 12-month high of $305.34. The firm has a market capitalization of $11.63 billion, a price-to-earnings ratio of 33.83, a PEG ratio of 2.10 and a beta of 0.53.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings data on Wednesday, April 24th. The restaurant operator reported $2.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.07 by $0.13. Domino’s Pizza had a negative return on equity of 12.38% and a net margin of 10.50%. The company had revenue of $835.96 million during the quarter, compared to analyst estimates of $852.59 million. During the same quarter in the previous year, the firm earned $2.00 earnings per share. Domino’s Pizza’s revenue was up 6.4% on a year-over-year basis. As a group, analysts anticipate that Domino’s Pizza, Inc. will post 9.31 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend is Thursday, June 13th. Domino’s Pizza’s payout ratio is 30.88%.

A number of research firms have weighed in on DPZ. Citigroup lifted their target price on Domino’s Pizza from $282.00 to $298.00 and gave the company a “neutral” rating in a report on Thursday, June 6th. TheStreet raised Domino’s Pizza from a “c+” rating to a “b-” rating in a report on Tuesday, June 4th. ValuEngine raised Domino’s Pizza from a “hold” rating to a “buy” rating in a report on Wednesday, May 8th. Wells Fargo & Co lifted their target price on Domino’s Pizza from $240.00 to $257.00 and gave the company a “market perform” rating in a report on Thursday, April 25th. Finally, FIG Partners reaffirmed an “outperform” rating and set a $310.00 target price (up previously from $280.00) on shares of Domino’s Pizza in a report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $297.16.

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About Domino’s Pizza

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

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

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