Nordea Investment Management AB Cuts Stock Holdings in Domino's Pizza, Inc. (NASDAQ:DPZ)

Nordea Investment Management AB decreased its holdings in Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 36.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,923 shares of the restaurant operator's stock after selling 2,843 shares during the period. Nordea Investment Management AB's holdings in Domino's Pizza were worth $2,076,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. True Wealth Design LLC increased its holdings in shares of Domino's Pizza by 2,033.3% during the 3rd quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator's stock worth $28,000 after buying an additional 61 shares during the last quarter. Central Pacific Bank Trust Division acquired a new stake in shares of Domino's Pizza during the 3rd quarter worth approximately $30,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Domino's Pizza during the 3rd quarter worth approximately $43,000. Blue Trust Inc. increased its holdings in shares of Domino's Pizza by 100.0% during the 3rd quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator's stock worth $54,000 after buying an additional 63 shares during the last quarter. Finally, Rakuten Securities Inc. increased its holdings in shares of Domino's Pizza by 195.6% during the 3rd quarter. Rakuten Securities Inc. now owns 133 shares of the restaurant operator's stock worth $57,000 after buying an additional 88 shares during the last quarter. Institutional investors and hedge funds own 94.63% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Benchmark reissued a "buy" rating and issued a $520.00 target price on shares of Domino's Pizza in a research report on Friday, October 11th. Citigroup cut their target price on Domino's Pizza from $450.00 to $440.00 and set a "neutral" rating on the stock in a research report on Friday, October 11th. Stephens cut their target price on Domino's Pizza from $430.00 to $420.00 and set an "equal weight" rating on the stock in a research report on Friday, October 11th. Royal Bank of Canada cut their target price on Domino's Pizza from $500.00 to $490.00 and set an "outperform" rating on the stock in a research report on Friday, October 11th. Finally, Loop Capital raised Domino's Pizza from a "hold" rating to a "buy" rating and boosted their target price for the company from $419.00 to $559.00 in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Domino's Pizza has an average rating of "Moderate Buy" and an average target price of $501.93.

Insider Buying and Selling at Domino's Pizza

In other news, EVP Kevin Scott Morris sold 2,646 shares of the company's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $459.00, for a total value of $1,214,514.00. Following the completion of the sale, the executive vice president now directly owns 1,966 shares of the company's stock, valued at approximately $902,394. This represents a 57.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andrew Balson sold 6,970 shares of the company's stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $428.27, for a total transaction of $2,985,041.90. Following the completion of the sale, the director now directly owns 15,390 shares of the company's stock, valued at $6,591,075.30. The trade was a 31.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by insiders.

Domino's Pizza Stock Performance

NASDAQ DPZ traded down $10.36 during trading hours on Friday, hitting $402.33. The company had a trading volume of 586,723 shares, compared to its average volume of 542,661. Domino's Pizza, Inc. has a 1-year low of $396.06 and a 1-year high of $542.75. The company has a market cap of $13.89 billion, a PE ratio of 24.71, a price-to-earnings-growth ratio of 2.44 and a beta of 0.88. The business has a 50 day moving average of $442.41 and a 200-day moving average of $436.48.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its quarterly earnings data on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.65 by $0.54. Domino's Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the firm posted $4.18 earnings per share. Domino's Pizza's revenue for the quarter was up 5.1% on a year-over-year basis. Sell-side analysts expect that Domino's Pizza, Inc. will post 16.82 earnings per share for the current fiscal year.

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.