The California State Teachers Retirement System (CalSTRS) increased its stake in Domino's Pizza Inc. by 34,175.6% during the second quarter. The pension fund acquired 14,861,241 additional shares according to a Securities and Exchange Commission filing. This brings its total ownership to 14,904,726 shares.
CalSTRS now owns 45.06% of the pizza chain. The investment is valued at approximately $4.41 billion based on recent filings.
TD Cowen maintained a Hold rating on the stock the same day. The firm increased its price target for Domino's from $310 to $320.