Jennison Associates LLC bought a new stake in Dunkin Brands Group Inc (NASDAQ:DNKN) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 365,184 shares of the restaurant operator’s stock, valued at approximately $26,921,000. Jennison Associates LLC owned 0.44% of Dunkin Brands Group at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the company. Piedmont Investment Advisors Inc. acquired a new position in shares of Dunkin Brands Group in the 3rd quarter valued at about $442,000. Swiss National Bank boosted its holdings in shares of Dunkin Brands Group by 1.0% in the 3rd quarter. Swiss National Bank now owns 144,700 shares of the restaurant operator’s stock valued at $10,667,000 after buying an additional 1,500 shares during the period. MML Investors Services LLC acquired a new position in shares of Dunkin Brands Group in the 3rd quarter valued at about $341,000. Candriam Luxembourg S.C.A. acquired a new position in shares of Dunkin Brands Group in the 3rd quarter valued at about $516,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Dunkin Brands Group by 80.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 432,631 shares of the restaurant operator’s stock valued at $31,893,000 after buying an additional 193,378 shares during the period. 96.34% of the stock is currently owned by institutional investors and hedge funds.
Dunkin Brands Group stock opened at $70.99 on Friday. The stock has a market cap of $5.92 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 2.04 and a beta of 0.33. Dunkin Brands Group Inc has a 52-week low of $55.81 and a 52-week high of $77.13.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 5th. Shareholders of record on Monday, November 26th will be given a dividend of $0.3475 per share. The ex-dividend date of this dividend is Friday, November 23rd. This represents a $1.39 dividend on an annualized basis and a dividend yield of 1.96%. Dunkin Brands Group’s dividend payout ratio (DPR) is 57.20%.
In other Dunkin Brands Group news, CFO Katherine D. Jaspon sold 1,900 shares of the business’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $73.28, for a total transaction of $139,232.00. Following the sale, the chief financial officer now directly owns 4,411 shares in the company, valued at approximately $323,238.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Richard J. Emmett sold 30,000 shares of the business’s stock in a transaction dated Tuesday, October 30th. The stock was sold at an average price of $73.00, for a total transaction of $2,190,000.00. Following the sale, the insider now owns 43,050 shares in the company, valued at $3,142,650. The disclosure for this sale can be found here. Insiders have sold a total of 524,591 shares of company stock worth $38,151,848 over the last 90 days. 3.00% of the stock is owned by insiders.
DNKN has been the subject of several research reports. TheStreet raised shares of Dunkin Brands Group from a “c+” rating to a “b” rating in a report on Friday, July 27th. BidaskClub lowered shares of Dunkin Brands Group from a “strong-buy” rating to a “buy” rating in a report on Friday, August 24th. Citigroup lifted their price target on shares of Dunkin Brands Group from $80.00 to $83.00 and gave the company a “buy” rating in a report on Monday, August 13th. Argus lifted their price target on shares of Dunkin Brands Group from $76.00 to $78.00 and gave the company a “buy” rating in a report on Tuesday, July 31st. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $75.00 price target on shares of Dunkin Brands Group in a report on Friday, July 27th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $70.31.
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About Dunkin Brands Group
Dunkin' Brands Group, Inc, together with its subsidiaries, develops, franchises, and licenses quick service restaurants worldwide. The company operates through four segments: Dunkin' Donuts U.S., Dunkin' Donuts International, Baskin-Robbins International, and Baskin-Robbins U.S. Its restaurants offer hot and cold coffee, baked goods, donuts, bagels, muffins, breakfast sandwiches, hard and soft serve ice creams, frozen yogurts, shakes, malts, floats, and cakes.
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