Prudential PLC Cuts Stock Position in MINISO Group Holding Limited (NYSE:MNSO)

Prudential PLC decreased its holdings in shares of MINISO Group Holding Limited (NYSE:MNSO) by 73.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,667 shares of the company’s stock after selling 226,613 shares during the period. Prudential PLC’s holdings in MINISO Group were worth $1,596,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Blue Trust Inc. raised its stake in MINISO Group by 3,098.4% in the 2nd quarter. Blue Trust Inc. now owns 1,951 shares of the company’s stock valued at $40,000 after purchasing an additional 1,890 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of MINISO Group in the first quarter valued at about $93,000. Banque Cantonale Vaudoise purchased a new position in shares of MINISO Group in the second quarter worth about $118,000. Bayesian Capital Management LP acquired a new position in MINISO Group during the first quarter worth about $201,000. Finally, Jump Financial LLC purchased a new stake in MINISO Group during the 4th quarter valued at about $231,000. Institutional investors and hedge funds own 17.16% of the company’s stock.

MINISO Group Stock Up 0.1 %

NYSE MNSO opened at $16.49 on Thursday. The company has a quick ratio of 1.93, a current ratio of 2.38 and a debt-to-equity ratio of 0.15. MINISO Group Holding Limited has a 52 week low of $14.28 and a 52 week high of $29.92. The business’s fifty day simple moving average is $16.60 and its 200-day simple moving average is $19.58. The firm has a market cap of $5.21 billion, a PE ratio of 15.56, a P/E/G ratio of 0.66 and a beta of 0.17.

MINISO Group Announces Dividend

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, September 26th. Investors of record on Friday, September 13th will be issued a $0.274 dividend. This represents a yield of 1.6%. The ex-dividend date is Friday, September 13th. MINISO Group’s dividend payout ratio is presently 49.06%.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. decreased their target price on shares of MINISO Group from $29.00 to $27.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 3rd.

MINISO Group Company Profile

MINISO Group Holding Limited, an investment holding company, engages in the retail and wholesale of lifestyle products and pop toy products in China, Asia, the United States, and Europe. The company offers products in various categories, including home decor products, small electronics, textiles, accessories, beauty tools, toys, cosmetics, personal care products, snacks, fragrances and perfumes, and stationeries and gifts under the MINISO and WonderLife brand names; and blind boxes, toy bricks, model figures, model kits, collectible dolls, Ichiban Kuji, sculptures, and other popular toys under the TOP TOY brand.