Tokio Marine Asset Management Co. Ltd. lifted its stake in Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 1,699.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,308 shares of the restaurant operator's stock after purchasing an additional 20,124 shares during the period. Tokio Marine Asset Management Co. Ltd. owned 0.06% of Domino's Pizza worth $8,944,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. FMR LLC lifted its position in Domino's Pizza by 16.3% during the 3rd quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator's stock worth $941,936,000 after acquiring an additional 307,528 shares during the period. Principal Financial Group Inc. boosted its holdings in 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 valued at $716,681,000 after purchasing an additional 23,681 shares during the last quarter. Berkshire Hathaway Inc acquired a new position in shares of Domino's Pizza in the 3rd quarter valued at $549,399,000. International Assets Investment Management LLC lifted its holdings in shares of Domino's Pizza by 40,191.5% in the 3rd quarter. International Assets Investment Management LLC now owns 523,790 shares of the restaurant operator's stock worth $225,303,000 after acquiring an additional 522,490 shares during the last quarter. Finally, Champlain Investment Partners LLC acquired a new stake in shares of Domino's Pizza in the third quarter valued at $99,352,000. Institutional investors own 94.63% of the company's stock.
Domino's Pizza Stock Down 2.2 %
Shares of DPZ stock traded down $10.45 during trading on Wednesday, hitting $455.48. The company had a trading volume of 426,495 shares, compared to its average volume of 575,128. Domino's Pizza, Inc. has a 52 week low of $396.06 and a 52 week high of $542.75. The stock has a market capitalization of $15.73 billion, a price-to-earnings ratio of 27.98, a price-to-earnings-growth ratio of 2.35 and a beta of 0.90. The stock's 50-day moving average is $438.87 and its two-hundred day moving average is $430.78.
Analysts Set New Price Targets
DPZ has been the subject of several recent analyst reports. Oppenheimer boosted their target price on Domino's Pizza from $490.00 to $495.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. TD Cowen boosted their price objective on shares of Domino's Pizza from $475.00 to $515.00 and gave the stock a "buy" rating in a report on Monday, November 25th. Bank of America reduced their price target on shares of Domino's Pizza from $582.00 to $557.00 and set a "buy" rating for the company in a research report on Friday, October 11th. Loop Capital raised Domino's Pizza from a "hold" rating to a "buy" rating and raised their price objective for the company from $419.00 to $559.00 in a research note on Friday, November 8th. Finally, Wedbush reaffirmed an "outperform" rating and set a $470.00 price target on shares of Domino's Pizza in a research note on Friday, October 11th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Domino's Pizza has a consensus rating of "Moderate Buy" and a consensus target price of $502.33.
Get Our Latest Stock Report on DPZ
Insider Activity at Domino's Pizza
In related news, EVP Kevin Scott Morris sold 2,646 shares of the firm'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 transaction, the executive vice president now owns 1,966 shares of the company's stock, valued at $902,394. This trade represents a 57.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.81% of the stock is currently owned by insiders.
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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