DekaBank Deutsche Girozentrale Lowers Stock Position in MINISO Group Holding Limited (NYSE:MNSO)

DekaBank Deutsche Girozentrale lessened its stake in MINISO Group Holding Limited (NYSE:MNSO) by 3.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,883 shares of the company’s stock after selling 690 shares during the period. DekaBank Deutsche Girozentrale’s holdings in MINISO Group were worth $356,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. grew its position in MINISO Group by 3,098.4% in the second quarter. Blue Trust Inc. now owns 1,951 shares of the company’s stock worth $40,000 after acquiring an additional 1,890 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of MINISO Group by 5.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 43,286 shares of the company’s stock valued at $887,000 after purchasing an additional 2,301 shares during the last quarter. Deltec Asset Management LLC raised its holdings in shares of MINISO Group by 9.9% during the 2nd quarter. Deltec Asset Management LLC now owns 31,500 shares of the company’s stock valued at $601,000 after buying an additional 2,844 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its position in MINISO Group by 29.6% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 13,071 shares of the company’s stock worth $268,000 after buying an additional 2,982 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new stake in MINISO Group in the first quarter worth approximately $93,000. Institutional investors own 17.16% of the company’s stock.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. lowered their price objective on shares of MINISO Group from $29.00 to $27.00 and set an “overweight” rating for the company in a report on Tuesday, September 3rd.

MINISO Group Stock Down 1.4 %

Shares of NYSE:MNSO opened at $16.43 on Friday. MINISO Group Holding Limited has a 12-month low of $14.28 and a 12-month high of $28.28. The company has a current ratio of 2.38, a quick ratio of 1.93 and a debt-to-equity ratio of 0.15. The stock’s 50-day moving average price is $16.16 and its 200-day moving average price is $19.44. The stock has a market capitalization of $5.19 billion, a P/E ratio of 15.50, a price-to-earnings-growth ratio of 0.68 and a beta of 0.17.

MINISO Group Announces Dividend

The business also recently declared a Semi-Annual dividend, which will be paid on Thursday, September 26th. Shareholders of record on Friday, September 13th will be paid a $0.274 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a yield of 1.6%. MINISO Group’s dividend payout ratio (DPR) is currently 49.06%.

About MINISO Group

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.