Banque Cantonale Vaudoise Acquires New Holdings in MINISO Group Holding Limited (NYSE:MNSO)

Banque Cantonale Vaudoise bought a new position in shares of MINISO Group Holding Limited (NYSE:MNSO) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 6,200 shares of the company’s stock, valued at approximately $118,000.

Other institutional investors also recently modified their holdings of the company. GSA Capital Partners LLP increased its holdings in MINISO Group by 96.4% in the 1st quarter. GSA Capital Partners LLP now owns 89,196 shares of the company’s stock worth $1,829,000 after purchasing an additional 43,782 shares in the last quarter. Prudential PLC boosted its position in MINISO Group by 884.5% during the 4th quarter. Prudential PLC now owns 217,548 shares of the company’s stock worth $4,438,000 after buying an additional 195,451 shares during the period. M&G Plc acquired a new stake in MINISO Group during the 1st quarter worth approximately $10,431,000. Capital Wealth Planning LLC grew its holdings in MINISO Group by 176.1% during the 4th quarter. Capital Wealth Planning LLC now owns 79,671 shares of the company’s stock worth $1,625,000 after acquiring an additional 50,817 shares during the last quarter. Finally, Monolith Management Ltd acquired a new position in MINISO Group in the 4th quarter valued at approximately $3,060,000. 17.16% of the stock is currently owned by institutional investors and hedge funds.

MINISO Group Trading Up 4.3 %

Shares of MNSO stock opened at $17.13 on Wednesday. The stock has a 50-day moving average of $16.90 and a 200-day moving average of $19.68. The company has a current ratio of 2.18, a quick ratio of 1.80 and a debt-to-equity ratio of 0.10. The stock has a market cap of $5.41 billion, a price-to-earnings ratio of 16.16, a PEG ratio of 0.61 and a beta of 0.18. MINISO Group Holding Limited has a 1-year low of $14.28 and a 1-year high of $29.92.

MINISO Group Dividend Announcement

The company also recently declared a Semi-Annual dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.274 per share. The ex-dividend date of this dividend is Friday, September 13th. MINISO Group’s payout ratio is 36.79%.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reduced their price objective 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.

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.