Bank of New York Mellon Corp Buys 24,155 Shares of Domino’s Pizza Inc $DPZ

Bank of New York Mellon Corp raised its stake in Domino’s Pizza Inc (NASDAQ:DPZ) by 7.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 354,598 shares of the restaurant operator’s stock after purchasing an additional 24,155 shares during the quarter. Bank of New York Mellon Corp’s holdings in Domino’s Pizza were worth $153,083,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. RMG Wealth Management LLC bought a new position in shares of Domino’s Pizza in the second quarter valued at $25,000. Mid American Wealth Advisory Group Inc. bought a new stake in Domino’s Pizza during the second quarter worth $31,000. Atlantic Union Bankshares Corp acquired a new stake in Domino’s Pizza in the second quarter valued at $34,000. CYBER HORNET ETFs LLC bought a new position in shares of Domino’s Pizza in the 2nd quarter valued at about $42,000. Finally, Westpac Banking Corp grew its position in shares of Domino’s Pizza by 31.2% in the 2nd quarter. Westpac Banking Corp now owns 101 shares of the restaurant operator’s stock valued at $46,000 after acquiring an additional 24 shares during the period. Institutional investors and hedge funds own 94.63% of the company’s stock.

Insider Buying and Selling at Domino’s Pizza

In other news, EVP Kelly E. Garcia sold 4,870 shares of the business’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 completion of the sale, the executive vice president owned 6,744 shares of the company’s stock, valued at approximately $2,927,300.64. The trade was a 41.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.83% of the company’s stock.

Analysts Set New Price Targets

DPZ has been the topic of a number of research analyst reports. Wells Fargo & Company dropped 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. Weiss Ratings restated a “hold (c)” rating on shares of Domino’s Pizza in a research note on Monday, December 29th. Piper Sandler reaffirmed a “neutral” rating and issued a $445.00 price objective on shares of Domino’s Pizza in a research report on Monday, November 24th. Evercore ISI reduced their target price on Domino’s Pizza from $510.00 to $490.00 and set an “outperform” rating for the company in a research note on Thursday, January 8th. Finally, BTIG Research restated a “buy” rating and issued a $530.00 price target on shares of Domino’s Pizza in a research note on Friday, November 14th. Two investment 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 given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $480.56.

Domino’s Pizza Trading Up 0.8%

NASDAQ:DPZ opened at $410.33 on Friday. The stock has a 50 day simple moving average of $417.22 and a 200 day simple moving average of $429.42. The stock has a market cap of $13.87 billion, a P/E ratio of 23.98, a PEG ratio of 1.92 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.

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.