Sumitomo Mitsui Trust Group Inc. Reduces Position in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Sumitomo Mitsui Trust Group Inc. reduced its holdings in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 4.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,155 shares of the restaurant operator’s stock after selling 3,437 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Domino’s Pizza were worth $32,806,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Berkshire Hathaway Inc purchased a new position in Domino’s Pizza in the 3rd quarter worth approximately $549,399,000. International Assets Investment Management LLC increased its holdings in shares of Domino’s Pizza by 40,191.5% in the third quarter. International Assets Investment Management LLC now owns 523,790 shares of the restaurant operator’s stock valued at $225,303,000 after purchasing an additional 522,490 shares during the last quarter. FMR LLC lifted its position in Domino’s Pizza by 16.3% during the third quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock worth $941,936,000 after buying an additional 307,528 shares in the last quarter. Champlain Investment Partners LLC acquired a new position in Domino’s Pizza during the third quarter worth $99,352,000. Finally, Jennison Associates LLC grew its holdings in Domino’s Pizza by 75.3% in the 3rd quarter. Jennison Associates LLC now owns 214,473 shares of the restaurant operator’s stock valued at $92,253,000 after buying an additional 92,137 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Domino’s Pizza

In related news, EVP Kevin Scott Morris sold 2,646 shares of the stock in a transaction on 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 transaction, the executive vice president now owns 1,966 shares of the company’s stock, valued at $902,394. This represents a 57.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.81% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Barclays lowered their price target on shares of Domino’s Pizza from $412.00 to $402.00 and set an “underweight” rating on the stock in a research report on Friday, January 24th. Morgan Stanley dropped their price target on shares of Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Loop Capital upgraded shares of Domino’s Pizza from a “hold” rating to a “buy” rating and raised their price target for the stock from $419.00 to $559.00 in a report on Friday, November 8th. Oppenheimer upped their price objective on Domino’s Pizza from $490.00 to $495.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Finally, TD Cowen raised their target price on Domino’s Pizza from $475.00 to $515.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $502.33.

Domino’s Pizza Price Performance

DPZ stock opened at $474.06 on Wednesday. The business’s 50-day moving average is $438.72 and its two-hundred day moving average is $432.43. The firm has a market capitalization of $16.37 billion, a P/E ratio of 29.12, a P/E/G ratio of 2.46 and a beta of 0.90. Domino’s Pizza, Inc. has a 1 year low of $396.06 and a 1 year high of $542.75.

Domino’s Pizza Company Profile

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.