California Public Employees Retirement System grew its holdings in Domino's Pizza, Inc. (NYSE:DPZ) by 4.2% during the 4th quarter, Holdings Channel reports. The firm owned 146,127 shares of the restaurant operator’s stock after buying an additional 5,874 shares during the period. California Public Employees Retirement System’s holdings in Domino's Pizza were worth $27,612,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in DPZ. Toronto Dominion Bank lifted its stake in shares of Domino's Pizza by 12.2% in the 2nd quarter. Toronto Dominion Bank now owns 590 shares of the restaurant operator’s stock valued at $125,000 after purchasing an additional 64 shares during the last quarter. First Mercantile Trust Co. acquired a new position in shares of Domino's Pizza in the 4th quarter valued at $145,000. FNY Partners Fund LP acquired a new position in shares of Domino's Pizza in the 3rd quarter valued at $158,000. Acadian Asset Management LLC lifted its stake in shares of Domino's Pizza by 3,482.1% in the 4th quarter. Acadian Asset Management LLC now owns 1,003 shares of the restaurant operator’s stock valued at $190,000 after purchasing an additional 975 shares during the last quarter. Finally, Synovus Financial Corp acquired a new position in shares of Domino's Pizza in the 3rd quarter valued at $206,000. 94.20% of the stock is currently owned by institutional investors and hedge funds.
In related news, CFO Jeffrey D. Lawrence sold 17,000 shares of the stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $184.87, for a total transaction of $3,142,790.00. Following the transaction, the chief financial officer now owns 26,841 shares of the company’s stock, valued at approximately $4,962,095.67. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 3.57% of the stock is currently owned by corporate insiders.
DPZ has been the topic of several recent analyst reports. Zacks Investment Research lowered Domino's Pizza from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Maxim Group raised Domino's Pizza from a “hold” rating to a “buy” rating and upped their price target for the company from $220.00 to $230.00 in a research note on Thursday, November 2nd. Oppenheimer reaffirmed a “hold” rating on shares of Domino's Pizza in a research note on Monday, November 6th. Nomura raised Domino's Pizza from a “neutral” rating to a “buy” rating and set a $201.00 price target on the stock in a research note on Wednesday, November 29th. Finally, Longbow Research reaffirmed a “buy” rating and issued a $215.00 price target on shares of Domino's Pizza in a research note on Tuesday, November 28th. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $220.70.
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Domino's Pizza Company Profile
Domino’s Pizza, Inc is a pizza restaurant chain company. As of January 1, 2017, the Company operated in over 13,800 locations in over 85 markets around the world. The Company operates through three segments: domestic stores, international franchise and supply chain. Its basic menu features pizza products in various sizes and crust types.
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