Sumitomo Mitsui Trust Group Inc. Sells 3,437 Shares of Domino’s Pizza, Inc. (NASDAQ:DPZ)

Sumitomo Mitsui Trust Group Inc. cut its position in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 4.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 78,155 shares of the restaurant operator’s stock after selling 3,437 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.23% of Domino’s Pizza worth $32,806,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Berkshire Hathaway Inc bought a new position in shares of Domino’s Pizza during the 3rd quarter worth approximately $549,399,000. Janney Montgomery Scott LLC grew its holdings in Domino’s Pizza by 278.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 11,060 shares of the restaurant operator’s stock worth $4,643,000 after purchasing an additional 8,136 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Domino’s Pizza by 1.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 229,099 shares of the restaurant operator’s stock worth $98,545,000 after purchasing an additional 2,201 shares in the last quarter. Commerce Bank lifted its holdings in shares of Domino’s Pizza by 17.7% during the 3rd quarter. Commerce Bank now owns 9,354 shares of the restaurant operator’s stock valued at $4,024,000 after purchasing an additional 1,404 shares during the last quarter. Finally, Baskin Financial Services Inc. boosted its position in shares of Domino’s Pizza by 1.6% in the 4th quarter. Baskin Financial Services Inc. now owns 78,553 shares of the restaurant operator’s stock worth $32,973,000 after purchasing an additional 1,235 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DPZ has been the topic of several recent analyst reports. TD Cowen upped their target price on Domino’s Pizza from $475.00 to $515.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Morgan Stanley decreased their price objective on shares of Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Loop Capital raised shares of Domino’s Pizza from a “hold” rating to a “buy” rating and boosted their target price for the stock from $419.00 to $559.00 in a research report on Friday, November 8th. Oppenheimer raised their price target on shares of Domino’s Pizza from $490.00 to $495.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Finally, Barclays dropped their price objective on shares of Domino’s Pizza from $412.00 to $402.00 and set an “underweight” rating on the stock in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Domino’s Pizza has an average rating of “Moderate Buy” and a consensus target price of $502.33.

Insider Activity at Domino’s Pizza

In related news, EVP Kevin Scott Morris sold 2,646 shares of Domino’s Pizza stock in a transaction dated 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 sale, the executive vice president now directly owns 1,966 shares in the company, valued at approximately $902,394. The trade was a 57.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.81% of the stock is owned by corporate insiders.

Domino’s Pizza Price Performance

Domino’s Pizza stock opened at $474.06 on Wednesday. The stock has a market capitalization of $16.37 billion, a PE ratio of 29.12, a price-to-earnings-growth ratio of 2.46 and a beta of 0.90. The business has a 50 day simple moving average of $438.72 and a 200-day simple moving average of $432.43. Domino’s Pizza, Inc. has a 12 month low of $396.06 and a 12 month 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.