Dunkin’ Shareholders Plan Secondary Offering
By Joseph Griesbeck, CFA - Editor, Ownership Intelligence
On the same day Dunkin’ Brands Group (DNKN-O) reported earnings, its key shareholders announced their plan to sell a large number of shares before the end of the year.
Three private equity firms, Carlyle, Bain, and Thomas H. Lee, together own almost 90 million shares, or 75% of the company, and they will offer 22 million shares in a deal where Dunkin’ will not receive any proceeds. Even though the company announced that Q3 earnings rose 33%, excluding IPO expenses, and exceeded expectations, DNKN shares closed down 7.5%.
Dunkin’ shares started trading in late July, so institutions do not have to file their position in DNKN for another two weeks, the SEC-mandated deadline for Q3 13-F filings. Mutual funds file semi-annually, though, so some have disclosed holdings in the donut and coffee company since its IPO.
View the full report here to see the top mutual funds and their parent institutions.