Domino’s Pizza Inc $DPZ Stake Increased by Federated Hermes Inc.

Federated Hermes Inc. lifted its holdings in Domino’s Pizza Inc (NASDAQ:DPZ) by 9.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 102,204 shares of the restaurant operator’s stock after buying an additional 9,031 shares during the period. Federated Hermes Inc.’s holdings in Domino’s Pizza were worth $44,122,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank acquired a new stake in Domino’s Pizza during the 2nd quarter worth about $202,680,000. Sterling Capital Management LLC lifted its position in shares of Domino’s Pizza by 2,076.8% in the second quarter. Sterling Capital Management LLC now owns 180,084 shares of the restaurant operator’s stock worth $81,146,000 after purchasing an additional 171,811 shares in the last quarter. Envestnet Asset Management Inc. lifted 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 worth $230,349,000 after purchasing an additional 108,794 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Domino’s Pizza during the second quarter worth approximately $34,831,000. Finally, Truist Financial Corp grew its position in Domino’s Pizza by 3,692.1% during the second quarter. Truist Financial Corp now owns 73,642 shares of the restaurant operator’s stock valued at $33,183,000 after purchasing an additional 71,700 shares in the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Insider Activity

In other news, EVP Kelly E. Garcia sold 4,870 shares of the stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $434.06, for a total transaction of $2,113,872.20. Following the transaction, the executive vice president owned 6,744 shares of the company’s stock, valued at approximately $2,927,300.64. This represents a 41.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.83% of the company’s stock.

Domino’s Pizza Trading Up 0.4%

Shares of NASDAQ:DPZ opened at $407.08 on Friday. The stock has a market capitalization of $13.76 billion, a PE ratio of 23.79, a P/E/G ratio of 1.91 and a beta of 1.15. Domino’s Pizza Inc has a 1 year low of $382.47 and a 1 year high of $500.55. The firm has a fifty day moving average price of $417.16 and a 200 day moving average price of $430.10.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus cut their target price on shares of Domino’s Pizza from $510.00 to $485.00 and set a “buy” rating for the company in a research report on Wednesday, January 7th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $455.00 price target (down from $535.00) on shares of Domino’s Pizza in a research note on Tuesday, January 20th. Guggenheim cut their price objective on Domino’s Pizza from $490.00 to $450.00 and set a “neutral” rating for the company in a report on Wednesday. Jefferies Financial Group lowered their target price on Domino’s Pizza from $490.00 to $455.00 and set a “hold” rating on the stock in a research note on Monday, October 13th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Domino’s Pizza in a research report on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Domino’s Pizza has a consensus rating of “Hold” and a consensus price target of $480.56.

About Domino’s Pizza

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.