Mackenzie Financial Corp Raises Holdings in MillerKnoll, Inc. (NASDAQ:MLKN)

Mackenzie Financial Corp increased its stake in shares of MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 235.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 30,966 shares of the company's stock after buying an additional 21,724 shares during the quarter. Mackenzie Financial Corp's holdings in MillerKnoll were worth $700,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in MLKN. Barclays PLC lifted its position in MillerKnoll by 37.7% during the third quarter. Barclays PLC now owns 119,389 shares of the company's stock worth $2,957,000 after buying an additional 32,686 shares in the last quarter. KBC Group NV grew its stake in shares of MillerKnoll by 62.9% in the fourth quarter. KBC Group NV now owns 3,319 shares of the company's stock valued at $75,000 after buying an additional 1,281 shares in the last quarter. Empowered Funds LLC grew its stake in MillerKnoll by 5.1% during the 4th quarter. Empowered Funds LLC now owns 377,522 shares of the company's stock worth $8,528,000 after purchasing an additional 18,378 shares in the last quarter. State of New Jersey Common Pension Fund D grew its stake in MillerKnoll by 35.1% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 89,402 shares of the company's stock worth $2,020,000 after purchasing an additional 23,239 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in MillerKnoll by 2.8% during the 4th quarter. Principal Financial Group Inc. now owns 368,453 shares of the company's stock worth $8,323,000 after buying an additional 9,924 shares during the last quarter. Hedge funds and other institutional investors own 87.50% of the company's stock.

MillerKnoll Stock Performance

Shares of MillerKnoll stock traded up $0.08 during trading on Thursday, reaching $17.12. The company's stock had a trading volume of 336,191 shares, compared to its average volume of 597,190. The company has a 50-day moving average price of $16.79 and a two-hundred day moving average price of $20.38. The firm has a market cap of $1.16 billion, a PE ratio of 18.81, a P/E/G ratio of 0.89 and a beta of 1.17. MillerKnoll, Inc. has a fifty-two week low of $15.25 and a fifty-two week high of $31.73. The company has a current ratio of 1.60, a quick ratio of 0.99 and a debt-to-equity ratio of 1.02.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last posted its quarterly earnings data on Wednesday, March 26th. The company reported $0.44 EPS for the quarter, meeting the consensus estimate of $0.44. The firm had revenue of $876.20 million during the quarter, compared to the consensus estimate of $918.88 million. MillerKnoll had a return on equity of 10.74% and a net margin of 1.81%. The firm's revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.45 EPS. On average, analysts forecast that MillerKnoll, Inc. will post 2.12 EPS for the current year.

MillerKnoll Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Sunday, June 1st will be paid a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 4.38%. The ex-dividend date of this dividend is Friday, May 30th. MillerKnoll's dividend payout ratio is presently 178.57%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Sidoti raised MillerKnoll to a "hold" rating in a report on Tuesday, March 25th. Wall Street Zen raised MillerKnoll from a "hold" rating to a "buy" rating in a research report on Monday, May 12th.

MillerKnoll Profile

MillerKnoll, Inc researches, designs, manufactures, and distributes interior furnishings worldwide. It operates through three segments: Americas Contract, International Contract & Specialty, and Global Retail. The company also provides seating products, furniture systems, other freestanding furniture elements, textiles, leather, felt, home furnishings and related services, casegoods, storage products, as well as residential, education, and healthcare furniture solutions.