Tokio Marine Asset Management Co. Ltd. Increases Stock Holdings in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) by 1,699.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,308 shares of the restaurant operator’s stock after purchasing an additional 20,124 shares during the quarter. Tokio Marine Asset Management Co. Ltd. owned approximately 0.06% of Domino’s Pizza worth $8,944,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. True Wealth Design LLC raised its stake in Domino’s Pizza by 2,033.3% during the 3rd quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock worth $28,000 after acquiring an additional 61 shares in the last quarter. Central Pacific Bank Trust Division acquired a new stake in shares of Domino’s Pizza during the third quarter worth about $30,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Domino’s Pizza in the 3rd quarter valued at about $43,000. Blue Trust Inc. boosted its position in shares of Domino’s Pizza by 100.0% in the 3rd quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator’s stock valued at $54,000 after purchasing an additional 63 shares during the period. Finally, Rakuten Securities Inc. grew its stake in Domino’s Pizza by 195.6% during the 3rd quarter. Rakuten Securities Inc. now owns 133 shares of the restaurant operator’s stock worth $57,000 after buying an additional 88 shares during the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Wall Street Analyst Weigh In

DPZ has been the subject of several research analyst reports. Bank of America decreased their price objective on Domino’s Pizza from $582.00 to $557.00 and set a “buy” rating for the company in a report on Friday, October 11th. Morgan Stanley lowered 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 research report on Tuesday, January 21st. Barclays reduced their target price on shares of Domino’s Pizza from $412.00 to $402.00 and set an “underweight” rating for the company in a report on Friday, January 24th. TD Cowen raised their price target on Domino’s Pizza from $475.00 to $515.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Finally, Wells Fargo & Company reduced their price objective on Domino’s Pizza from $450.00 to $420.00 and set an “equal weight” rating for the company in a research note on Friday, October 11th. One equities research 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. Based on data from MarketBeat, Domino’s Pizza currently has a consensus rating of “Moderate Buy” and an average target price of $502.33.

Domino’s Pizza Stock Performance

Shares of DPZ stock opened at $449.12 on Friday. The stock has a fifty day moving average price of $439.28 and a 200 day moving average price of $430.31. The stock has a market cap of $15.51 billion, a PE ratio of 27.59, a P/E/G ratio of 2.24 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.

Insider Activity

In other news, EVP Kevin Scott Morris sold 2,646 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now directly owns 1,966 shares of the company’s stock, valued at $902,394. This trade represents a 57.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.76% of the company’s stock.

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.