In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Dunkin’ Brands Group Inc. (NASDAQ:DNKN) reported that Meritage Group Lp has picked up 3,891,569 of common stock as of 2017-06-14.
The acquisition brings the aggregate amount owned by Meritage Group Lp to a total of 3,891,569 representing a 4.2% stake in the company.
For those not familiar with the company, Dunkin’ Brands Group, Inc. is a franchisor of quick service restaurants (QSRs) serving hot and cold coffee and baked goods, as well as hard serve ice cream. The Company franchises restaurants under its Dunkin’ Donuts and Baskin-Robbins brands. The Company operates through four segments: Dunkin’ Donuts-U.S., Dunkin’ Donuts International, Baskin-Robbins International and Baskin-Robbins-U.S. The Dunkin’ Donuts U.S. segment is the United States QSR concept, and markets donut and bagel categories for servings. The Baskin-Robbins-U.S. segment is engaged in serving hard-serve ice cream, and develops and sells a range of frozen ice cream treats, such as cones, cakes, sundaes and frozen beverages. The Company’s Dunkin’ Donuts International segment franchisees are responsible for sourcing their own supplies with its standards. As of December 31, 2016, Baskin-Robbins International segment had a manufacturing network, which consisted of 14 facilities.
A glance at Dunkin’ Brands Group Inc. (NASDAQ:DNKN)’s key stats reveals a current market capitalization of $5.26 Billion based on $92.16 Million shares outstanding and a price at last close of $56.96 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-05-05, Vernon picked up 53,937 at a purchase price of $18.54. This brings their total holding to 53,937 as of the date of the filing.
On the sell side, the most recent transaction saw Clare unload 11,000 shares at a sale price of $56.12. This brings their total holding to 13,066.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an Dunkin’ Brands Group Inc. (NASDAQ:DNKN) as things move forward to see if its progress aligns with these transactions.
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