Municipal Employees Retirement System of Michigan bought a new stake in shares of Dunkin Brands Group Inc (NASDAQ:DNKN) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 20,130 shares of the restaurant operator’s stock, valued at approximately $1,291,000.
A number of other institutional investors have also recently bought and sold shares of DNKN. Wells Fargo & Company MN boosted its stake in shares of Dunkin Brands Group by 2.1% in the third quarter. Wells Fargo & Company MN now owns 258,499 shares of the restaurant operator’s stock worth $19,056,000 after acquiring an additional 5,400 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Dunkin Brands Group by 10.6% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 13,325 shares of the restaurant operator’s stock worth $982,000 after acquiring an additional 1,282 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Dunkin Brands Group by 80.8% in the third quarter. JPMorgan Chase & Co. now owns 432,631 shares of the restaurant operator’s stock worth $31,893,000 after acquiring an additional 193,378 shares during the period. Candriam Luxembourg S.C.A. bought a new position in shares of Dunkin Brands Group in the third quarter worth about $516,000. Finally, MML Investors Services LLC bought a new position in shares of Dunkin Brands Group in the third quarter worth about $341,000. 94.00% of the stock is owned by hedge funds and other institutional investors.
DNKN stock traded up $0.30 during midday trading on Monday, reaching $76.29. 402,687 shares of the company traded hands, compared to its average volume of 812,489. Dunkin Brands Group Inc has a 52-week low of $59.97 and a 52-week high of $77.13. The company has a market cap of $6.28 billion, a PE ratio of 26.31, a price-to-earnings-growth ratio of 2.25 and a beta of 0.49.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Monday, March 11th were given a dividend of $0.375 per share. The ex-dividend date of this dividend was Friday, March 8th. This is an increase from Dunkin Brands Group’s previous quarterly dividend of $0.35. This represents a $1.50 dividend on an annualized basis and a yield of 1.97%. Dunkin Brands Group’s dividend payout ratio is 51.72%.
In other Dunkin Brands Group news, insider John L. Clare sold 17,129 shares of the company’s stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $69.00, for a total transaction of $1,181,901.00. Following the sale, the insider now directly owns 36,776 shares in the company, valued at $2,537,544. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 3.00% of the company’s stock.
A number of equities analysts have recently weighed in on the company. Zacks Investment Research lowered Dunkin Brands Group from a “hold” rating to a “sell” rating in a research note on Tuesday, January 15th. Mizuho set a $61.00 target price on Dunkin Brands Group and gave the stock a “sell” rating in a research report on Friday, February 8th. BidaskClub downgraded Dunkin Brands Group from a “hold” rating to a “sell” rating in a research report on Wednesday, April 10th. BMO Capital Markets downgraded Dunkin Brands Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 3rd. They noted that the move was a valuation call. Finally, Oppenheimer began coverage on Dunkin Brands Group in a research report on Tuesday, March 26th. They issued a “market perform” rating on the stock. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $70.05.
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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 five segments: Dunkin' U.S., Dunkin' International, Baskin-Robbins International, Baskin-Robbins U.S., and U.S. Advertising Funds.
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