Illinois Municipal Retirement Fund Raises Stock Holdings in Domino’s Pizza Inc $DPZ

Illinois Municipal Retirement Fund lifted its stake in Domino’s Pizza Inc (NASDAQ:DPZ) by 7.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,301 shares of the restaurant operator’s stock after buying an additional 1,444 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Domino’s Pizza were worth $8,764,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in DPZ. Mediolanum International Funds Ltd raised its position in shares of Domino’s Pizza by 209.6% during 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. increased its stake in Domino’s Pizza by 1.8% in 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 in the last quarter. Machina Capital S.A.S. bought a new stake in Domino’s Pizza during the third quarter valued at about $1,557,000. Railway Pension Investments Ltd lifted its position 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 acquiring an additional 7,300 shares in the last quarter. Finally, Berkshire Hathaway Inc lifted its position in shares of Domino’s Pizza by 0.5% in the second quarter. Berkshire Hathaway Inc now owns 2,633,868 shares of the restaurant operator’s stock valued at $1,186,821,000 after acquiring an additional 13,255 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on DPZ. Piper Sandler reiterated a “neutral” rating and set a $445.00 target price on shares of Domino’s Pizza in a research report on Monday, November 24th. TD Cowen lowered shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a report on Monday, January 5th. Wells Fargo & Company reduced their price objective on shares of Domino’s Pizza from $450.00 to $430.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 22nd. Citigroup dropped their target price on shares of Domino’s Pizza from $460.00 to $420.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $490.00 target price on shares of Domino’s Pizza in a research note on Tuesday, December 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $476.85.

Insider Activity

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

Domino’s Pizza Stock Down 1.6%

Domino’s Pizza stock opened at $375.50 on Friday. Domino’s Pizza Inc has a 52-week low of $373.41 and a 52-week high of $500.55. The firm’s fifty day moving average is $411.79 and its 200 day moving average is $424.12. The company has a market cap of $12.69 billion, a price-to-earnings ratio of 21.95, a PEG ratio of 1.80 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.