Swedbank AB lowered its position in shares of Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 37.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,044 shares of the restaurant operator's stock after selling 3,595 shares during the quarter. Swedbank AB's holdings in Domino's Pizza were worth $2,537,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also made changes to their positions in the company. Pacer Advisors Inc. grew its stake in Domino's Pizza by 66.8% in the 4th quarter. Pacer Advisors Inc. now owns 4,373 shares of the restaurant operator's stock valued at $1,836,000 after acquiring an additional 1,752 shares during the last quarter. Cornerstone Wealth Group LLC acquired a new stake in Domino's Pizza in the 4th quarter valued at about $6,077,000. Union Bancaire Privee UBP SA acquired a new stake in Domino's Pizza in the 4th quarter valued at about $334,000. Blue Trust Inc. grew its stake in Domino's Pizza by 57.9% in the 4th quarter. Blue Trust Inc. now owns 199 shares of the restaurant operator's stock valued at $86,000 after acquiring an additional 73 shares during the last quarter. Finally, Narwhal Capital Management grew its stake in Domino's Pizza by 84.6% in the 4th quarter. Narwhal Capital Management now owns 10,728 shares of the restaurant operator's stock valued at $4,503,000 after acquiring an additional 4,915 shares during the last quarter. 94.63% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Domino's Pizza
In related news, EVP Kevin Scott Morris sold 2,646 shares of Domino's Pizza stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $459.00, for a total transaction of $1,214,514.00. Following the sale, the executive vice president now directly owns 1,966 shares in the company, valued at $902,394. The trade was a 57.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.81% of the stock is currently owned by company insiders.
Domino's Pizza Trading Down 2.4 %
Domino's Pizza stock traded down $11.18 during mid-day trading on Wednesday, reaching $454.75. The company's stock had a trading volume of 774,888 shares, compared to its average volume of 591,047. The firm has a market cap of $15.70 billion, a price-to-earnings ratio of 27.93, a PEG ratio of 2.35 and a beta of 0.90. Domino's Pizza, Inc. has a twelve month low of $396.06 and a twelve month high of $542.75. The business has a 50 day moving average price of $438.52 and a 200-day moving average price of $430.95.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on DPZ shares. Stephens reduced their target price on shares of Domino's Pizza from $430.00 to $420.00 and set an "equal weight" rating on the stock in a report on Friday, October 11th. Morgan Stanley cut their price objective on shares of Domino's Pizza from $510.00 to $496.00 and set an "overweight" rating on the stock in a report on Tuesday, January 21st. Wedbush reiterated an "outperform" rating and set a $470.00 price objective on shares of Domino's Pizza in a report on Friday, October 11th. Jefferies Financial Group cut their price objective on shares of Domino's Pizza from $455.00 to $450.00 and set a "hold" rating on the stock in a report on Friday, October 11th. Finally, Wells Fargo & Company cut their price objective on shares of Domino's Pizza from $450.00 to $420.00 and set an "equal weight" rating on the stock in a report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $502.33.
Check Out Our Latest Stock Analysis on Domino's Pizza
Domino's Pizza Profile
(
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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