Global Trust Asset Management LLC Lowers Stock Holdings in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Global Trust Asset Management LLC reduced its position in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 33.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 239 shares of the restaurant operator’s stock after selling 122 shares during the quarter. Global Trust Asset Management LLC’s holdings in Domino’s Pizza were worth $100,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. True Wealth Design LLC lifted its position in Domino’s Pizza by 2,033.3% during the third quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 61 shares during the last quarter. Central Pacific Bank Trust Division purchased a new stake in shares of Domino’s Pizza during the 3rd quarter valued at $30,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Domino’s Pizza during the 3rd quarter worth $43,000. Blue Trust Inc. grew its position in Domino’s Pizza by 100.0% in the third quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator’s stock worth $54,000 after acquiring an additional 63 shares in the last quarter. Finally, Rakuten Securities Inc. increased its stake in Domino’s Pizza by 195.6% in the third quarter. Rakuten Securities Inc. now owns 133 shares of the restaurant operator’s stock valued at $57,000 after acquiring an additional 88 shares during the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Insider Transactions at Domino’s Pizza

In other news, EVP Kevin Scott Morris sold 2,646 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $459.00, for a total transaction of $1,214,514.00. Following the sale, the executive vice president now owns 1,966 shares in the company, valued at approximately $902,394. The trade was a 57.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.81% of the company’s stock.

Domino’s Pizza Price Performance

Shares of DPZ opened at $442.12 on Thursday. The company has a 50-day simple moving average of $439.65 and a two-hundred day simple moving average of $432.57. The firm has a market capitalization of $15.27 billion, a PE ratio of 27.16, a price-to-earnings-growth ratio of 2.18 and a beta of 0.90. Domino’s Pizza, Inc. has a one year low of $396.06 and a one year high of $542.75.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Morgan Stanley reduced their price objective on Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating on the stock in a research report on Tuesday. BTIG Research decreased their price target on shares of Domino’s Pizza from $580.00 to $500.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. Wedbush reaffirmed an “outperform” rating and issued a $470.00 price objective on shares of Domino’s Pizza in a research note on Friday, October 11th. Stephens decreased their target price on shares of Domino’s Pizza from $430.00 to $420.00 and set an “equal weight” rating on the stock in a research report on Friday, October 11th. Finally, Bank of America lowered their price target on shares of Domino’s Pizza from $582.00 to $557.00 and set a “buy” rating for the company in a research note on Friday, October 11th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Domino’s Pizza has an average rating of “Moderate Buy” and a consensus target price of $502.70.

Domino’s Pizza Company Profile

Domino’s Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. The company operates through three segments: U.S. Stores, International Franchise, and Supply Chain. It offers pizzas under the Domino’s brand name through company-owned and franchised stores.