ING Groep NV Takes Position in Domino’s Pizza Inc $DPZ

ING Groep NV purchased a new stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 46,838 shares of the restaurant operator’s stock, valued at approximately $20,220,000. ING Groep NV owned 0.14% of Domino’s Pizza as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mediolanum International Funds Ltd lifted its stake in shares of Domino’s Pizza by 209.6% in the 3rd quarter. Mediolanum International Funds Ltd now owns 4,155 shares of the restaurant operator’s stock valued at $1,805,000 after purchasing an additional 2,813 shares during the period. Principal Financial Group Inc. raised its stake in Domino’s Pizza by 1.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,762,568 shares of the restaurant operator’s stock worth $760,939,000 after buying an additional 30,647 shares during the period. Machina Capital S.A.S. bought a new position in shares of Domino’s Pizza during the 3rd quarter valued at about $1,557,000. Railway Pension Investments Ltd boosted its holdings in shares of Domino’s Pizza by 304.2% in the third quarter. Railway Pension Investments Ltd now owns 9,700 shares of the restaurant operator’s stock valued at $4,188,000 after buying an additional 7,300 shares during the period. Finally, Berkshire Hathaway Inc boosted its stake in Domino’s Pizza by 0.5% in 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 during the period. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on DPZ. TD Cowen downgraded shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a report on Monday, January 5th. Stifel Nicolaus lowered their price target on Domino’s Pizza from $510.00 to $485.00 and set a “buy” rating on the stock in a research report on Wednesday, January 7th. Mizuho upgraded Domino’s Pizza to a “strong-buy” rating in a research note on Tuesday, October 28th. Bank of America raised their target price on shares of Domino’s Pizza from $514.00 to $536.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Finally, Wells Fargo & Company lowered their target price on shares of Domino’s Pizza from $450.00 to $430.00 and set an “equal weight” rating on the stock in a report on Thursday, January 22nd. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $478.33.

Insider Activity at Domino’s Pizza

In related news, EVP Kelly E. Garcia sold 4,870 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president owned 6,744 shares in the company, valued at approximately $2,927,300.64. This represents a 41.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.83% of the company’s stock.

Domino’s Pizza Trading Down 1.5%

DPZ opened at $384.00 on Thursday. The stock’s fifty day simple moving average is $413.51 and its 200 day simple moving average is $425.11. Domino’s Pizza Inc has a 1-year low of $377.19 and a 1-year high of $500.55. The stock has a market cap of $12.97 billion, a PE ratio of 22.44, a price-to-earnings-growth ratio of 1.84 and a beta of 1.15.

Domino’s Pizza Company Profile

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.