Country Trust Bank Takes Position in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Country Trust Bank acquired a new stake in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 70,098 shares of the restaurant operator’s stock, valued at approximately $29,424,000.

Several other hedge funds also recently modified their holdings of DPZ. FMR LLC grew its stake in shares of Domino’s Pizza by 16.3% during the 3rd quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock valued at $941,936,000 after buying an additional 307,528 shares during the period. Principal Financial Group Inc. raised its stake in shares of 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 in the last quarter. Berkshire Hathaway Inc bought a new position in Domino’s Pizza during the third quarter worth $549,399,000. International Assets Investment Management LLC lifted its stake in 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 buying an additional 522,490 shares during the last quarter. Finally, Champlain Investment Partners LLC bought a new stake in Domino’s Pizza during the 3rd quarter valued at $99,352,000. 94.63% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Kevin Scott Morris sold 2,646 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $459.00, for a total transaction of $1,214,514.00. Following the completion of the sale, the executive vice president now directly owns 1,966 shares in the company, valued at $902,394. This represents a 57.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.76% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on DPZ. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Domino’s Pizza from $500.00 to $480.00 and set a “buy” rating for the company in a report on Friday, October 11th. Oppenheimer lifted 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. Jefferies Financial Group decreased their price target on shares of Domino’s Pizza from $455.00 to $450.00 and set a “hold” rating on the stock in a research note on Friday, October 11th. JPMorgan Chase & Co. decreased their price objective on shares of Domino’s Pizza from $470.00 to $450.00 and set a “neutral” rating for the company in a report on Friday, October 11th. Finally, Bank of America decreased their price objective on Domino’s Pizza from $582.00 to $557.00 and set a “buy” 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 given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Domino’s Pizza currently has an average rating of “Moderate Buy” and a consensus price target of $502.33.

Domino’s Pizza Stock Performance

DPZ opened at $450.80 on Friday. The stock has a market cap of $15.57 billion, a price-to-earnings ratio of 27.69, a P/E/G ratio of 2.24 and a beta of 0.90. Domino’s Pizza, Inc. has a one year low of $396.06 and a one year high of $542.75. The stock’s 50 day moving average price is $439.35 and its 200-day moving average price is $430.96.

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.