By otakuyassine3@gmail.com 
Mirae Asset Global Investments Co. Ltd. grew its stake in Domino’s Pizza, Inc. (NASDAQ:DPZ – Free Report) by 14.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,255 shares of the restaurant operator’s stock after purchasing an additional 2,484 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.06% of Domino’s Pizza worth $8,130,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of DPZ. Berkshire Hathaway Inc bought a new stake in Domino’s Pizza in the third quarter worth $549,399,000. International Assets Investment Management LLC boosted its stake 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 worth $225,303,000 after purchasing an additional 522,490 shares during the period. FMR LLC raised its position in Domino’s Pizza by 16.3% in the 3rd 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 period. Champlain Investment Partners LLC bought a new stake in Domino’s Pizza in the third quarter worth about $99,352,000. Finally, Jennison Associates LLC boosted its position in shares of Domino’s Pizza by 75.3% during the third 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 during the period. Hedge funds and other institutional investors own 94.63% of the company’s stock.
Domino’s Pizza Trading Down 0.8 %
NASDAQ:DPZ opened at $466.74 on Friday. Domino’s Pizza, Inc. has a twelve month low of $396.06 and a twelve month high of $542.75. The company has a market cap of $16.12 billion, a PE ratio of 28.67, a P/E/G ratio of 2.35 and a beta of 0.90. The company’s 50 day moving average is $438.31 and its two-hundred day moving average is $431.58.
Insider Activity
In related news, EVP Kevin Scott Morris sold 2,646 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $902,394. This represents a 57.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.76% of the company’s stock.
Analysts Set New Price Targets
DPZ has been the subject of a number of research analyst reports. Oppenheimer raised their price target 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. BMO Capital Markets decreased their target price on Domino’s Pizza from $510.00 to $500.00 and set an “outperform” rating for the company in a research report on Friday, October 11th. Bank of America cut their price target on shares of Domino’s Pizza from $582.00 to $557.00 and set a “buy” rating on the stock in a report on Friday, October 11th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of 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, Benchmark reaffirmed a “buy” rating and set a $520.00 target price on shares of Domino’s Pizza in a research report on Friday, October 11th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $502.33.
Read Our Latest Stock Report on Domino’s Pizza
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.
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