Whittier Trust Co. Has $3.54 Million Position in Domino's Pizza, Inc. (DPZ)
Whittier Trust Co. lifted its position in shares of Domino's Pizza, Inc. (NYSE:DPZ) by 1.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,715 shares of the restaurant operator’s stock after buying an additional 303 shares during the quarter. Whittier Trust Co.’s holdings in Domino's Pizza were worth $3,536,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DPZ. Point72 Asset Management L.P. purchased a new position in shares of Domino's Pizza during the 3rd quarter valued at $32,236,000. Legal & General Group Plc lifted its stake in shares of Domino's Pizza by 234.0% during the 3rd quarter. Legal & General Group Plc now owns 225,343 shares of the restaurant operator’s stock valued at $44,741,000 after buying an additional 157,874 shares in the last quarter. American Century Companies Inc. purchased a new position in shares of Domino's Pizza during the 4th quarter valued at $21,556,000. LMR Partners LLP bought a new stake in Domino's Pizza in the 4th quarter valued at $15,684,000. Finally, Janus Henderson Group PLC increased its holdings in Domino's Pizza by 18.8% in the 3rd quarter. Janus Henderson Group PLC now owns 487,761 shares of the restaurant operator’s stock valued at $96,845,000 after acquiring an additional 77,202 shares during the last quarter. Institutional investors own 94.20% of the company’s stock.
In other news, CFO Jeffrey D. Lawrence sold 17,000 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $184.87, for a total value of $3,142,790.00. Following the sale, the chief financial officer now directly owns 26,841 shares in the company, valued at approximately $4,962,095.67. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.57% of the company’s stock.
DPZ has been the topic of a number of research reports. Zacks Investment Research downgraded shares of Domino's Pizza from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Maxim Group upgraded shares of Domino's Pizza from a “hold” rating to a “buy” rating and lifted their price target for the company from $220.00 to $230.00 in a report on Thursday, November 2nd. Oppenheimer reiterated a “hold” rating on shares of Domino's Pizza in a report on Monday, November 6th. Nomura upgraded shares of Domino's Pizza from a “neutral” rating to a “buy” rating and set a $201.00 price target on the stock in a report on Wednesday, November 29th. Finally, Longbow Research reiterated a “buy” rating and issued a $215.00 price target on shares of Domino's Pizza in a report on Tuesday, November 28th. Seven 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 an average price target of $219.38.
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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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