Copeland Capital Management LLC decreased its position in shares of Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 1.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 78,355 shares of the restaurant operator's stock after selling 1,270 shares during the period. Copeland Capital Management LLC owned 0.23% of Domino's Pizza worth $32,891,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the company. FMR LLC increased its position in Domino's Pizza by 16.3% in the third quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator's stock worth $941,936,000 after purchasing an additional 307,528 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Domino's Pizza by 1.4% in the 3rd quarter. Principal Financial Group Inc. now owns 1,666,158 shares of the restaurant operator's stock worth $716,681,000 after buying an additional 23,681 shares during the last quarter. Berkshire Hathaway Inc purchased a new stake in shares of Domino's Pizza during the 3rd quarter valued at about $549,399,000. International Assets Investment Management LLC raised its position in shares of Domino's Pizza by 40,191.5% during the 3rd quarter. International Assets Investment Management LLC now owns 523,790 shares of the restaurant operator's stock valued at $225,303,000 after buying an additional 522,490 shares in the last quarter. Finally, Champlain Investment Partners LLC bought a new position in shares of Domino's Pizza in the 3rd quarter valued at about $99,352,000. 94.63% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In related news, EVP Kevin Scott Morris sold 2,646 shares of the company's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $459.00, for a total value of $1,214,514.00. Following the completion of the transaction, the executive vice president now owns 1,966 shares of the company's stock, valued at approximately $902,394. This represents a 57.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.81% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Several research firms have recently weighed in on DPZ. TD Cowen boosted their target price on Domino's Pizza from $475.00 to $515.00 and gave the company a "buy" rating in a research report on Monday, November 25th. Jefferies Financial Group lowered their target price on shares of Domino's Pizza from $455.00 to $450.00 and set a "hold" rating for the company in a report on Friday, October 11th. BTIG Research reduced their price objective on shares of Domino's Pizza from $580.00 to $500.00 and set a "buy" rating on the stock in a research report on Friday, October 11th. Deutsche Bank Aktiengesellschaft dropped their target price on Domino's Pizza from $500.00 to $480.00 and set a "buy" rating for the company in a research report on Friday, October 11th. Finally, Morgan Stanley reduced their price target on Domino's Pizza from $510.00 to $496.00 and set an "overweight" rating on the stock in a report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $502.33.
Check Out Our Latest Report on Domino's Pizza
Domino's Pizza Price Performance
NASDAQ DPZ traded down $11.33 on Wednesday, hitting $454.60. The stock had a trading volume of 463,659 shares, compared to its average volume of 576,536. Domino's Pizza, Inc. has a 52-week low of $396.06 and a 52-week high of $542.75. The business's fifty day moving average price is $438.87 and its 200 day moving average price is $430.78. The stock has a market cap of $15.70 billion, a price-to-earnings ratio of 27.95, a price-to-earnings-growth ratio of 2.35 and a beta of 0.90.
About Domino's Pizza
(
Free Report)
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.
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