iA Global Asset Management Inc. Has $3.11 Million Stock Holdings in Domino’s Pizza Inc $DPZ

by · The Markets Daily

iA Global Asset Management Inc. lifted its position in shares of Domino’s Pizza Inc (NASDAQ:DPZ – Free Report) by 28.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,209 shares of the restaurant operator’s stock after buying an additional 1,588 shares during the quarter. iA Global Asset Management Inc.’s holdings in Domino’s Pizza were worth $3,112,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in Domino’s Pizza by 0.9% during the second quarter. Vanguard Group Inc. now owns 4,047,026 shares of the restaurant operator’s stock worth $1,823,590,000 after acquiring an additional 36,288 shares during the period. Berkshire Hathaway Inc grew its position in shares of Domino’s Pizza by 0.5% during the 2nd quarter. Berkshire Hathaway Inc now owns 2,633,868 shares of the restaurant operator’s stock worth $1,186,821,000 after purchasing an additional 13,255 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Domino’s Pizza by 3.9% during the second quarter. Invesco Ltd. now owns 841,236 shares of the restaurant operator’s stock worth $379,061,000 after purchasing an additional 31,578 shares during the period. Bank of America Corp DE increased its holdings in shares of Domino’s Pizza by 9.0% during the second quarter. Bank of America Corp DE now owns 560,058 shares of the restaurant operator’s stock worth $252,362,000 after purchasing an additional 46,098 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in shares of Domino’s Pizza by 27.0% in the second quarter. Envestnet Asset Management Inc. now owns 511,206 shares of the restaurant operator’s stock valued at $230,349,000 after buying an additional 108,794 shares in the last quarter. Institutional investors own 94.63% of the company’s stock.

Insider Buying and Selling

In related news, EVP Kelly E. Garcia sold 4,870 shares of the stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $434.06, for a total value of $2,113,872.20. Following the completion of the transaction, the executive vice president owned 6,744 shares of the company’s stock, valued at $2,927,300.64. This represents a 41.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.83% of the stock is currently owned by insiders.

Analysts Set New Price Targets

DPZ has been the topic of a number of recent research reports. Sanford C. Bernstein restated a “market perform” rating and set a $490.00 price objective on shares of Domino’s Pizza in a research note on Tuesday, December 2nd. Bank of America increased their target price on Domino’s Pizza from $514.00 to $536.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Hovde Group set a $460.00 price target on Domino’s Pizza in a research note on Monday, January 5th. Morgan Stanley reiterated an “equal weight” rating and set a $455.00 price objective (down from $535.00) on shares of Domino’s Pizza in a research note on Tuesday, January 20th. Finally, Jefferies Financial Group decreased their target price on shares of Domino’s Pizza from $490.00 to $455.00 and set a “hold” rating on the stock in a report on Monday, October 13th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Domino’s Pizza presently has a consensus rating of “Hold” and an average target price of $482.04.

Get Our Latest Stock Report on Domino’s Pizza

Domino’s Pizza Trading Up 1.5%

Shares of NASDAQ DPZ opened at $411.50 on Friday. The company has a market cap of $13.90 billion, a price-to-earnings ratio of 24.05, a PEG ratio of 1.94 and a beta of 1.15. Domino’s Pizza Inc has a 12 month low of $382.47 and a 12 month high of $500.55. The stock has a 50-day moving average price of $416.45 and a two-hundred day moving average price of $431.42.

Domino’s Pizza Profile

(Free Report)

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.

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