Universal Beteiligungs und Servicegesellschaft mbH Raises Holdings in MillerKnoll, Inc. (NASDAQ:MLKN)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has increased its holdings in MillerKnoll, Inc. by 4.4%, owning approximately 0.45% of the company after purchasing an additional 12,800 shares during the first quarter.
• MillerKnoll recently reported $0.60 earnings per share for the quarter, exceeding analysts' expectations of $0.44, with total revenue of $961.80 million.
• The company declared a quarterly dividend of $0.1875 per share, which will be paid on October 15th, representing an annualized yield of 3.72%.

Universal Beteiligungs und Servicegesellschaft mbH increased its stake in MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 4.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 303,907 shares of the company's stock after acquiring an additional 12,800 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.45% of MillerKnoll worth $5,817,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in MillerKnoll in the 1st quarter worth $624,000. GAMMA Investing LLC grew its holdings in shares of MillerKnoll by 2,189.3% during the first quarter. GAMMA Investing LLC now owns 46,472 shares of the company's stock worth $889,000 after buying an additional 44,442 shares in the last quarter. Northern Trust Corp lifted its stake in shares of MillerKnoll by 8.5% in the fourth quarter. Northern Trust Corp now owns 812,549 shares of the company's stock worth $18,355,000 after buying an additional 63,494 shares in the last quarter. Barclays PLC boosted its position in MillerKnoll by 4.9% during the fourth quarter. Barclays PLC now owns 125,186 shares of the company's stock worth $2,828,000 after acquiring an additional 5,797 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in MillerKnoll by 9.4% during the 4th quarter. American Century Companies Inc. now owns 176,966 shares of the company's stock valued at $3,998,000 after acquiring an additional 15,175 shares in the last quarter. Hedge funds and other institutional investors own 87.50% of the company's stock.

MillerKnoll Trading Down 1.3%

Shares of MLKN stock traded down $0.26 on Thursday, hitting $19.05. 71,282 shares of the stock traded hands, compared to its average volume of 550,046. The firm's 50-day moving average price is $18.61 and its two-hundred day moving average price is $19.13. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.94 and a current ratio of 1.58. The stock has a market capitalization of $1.29 billion, a PE ratio of -34.01, a PEG ratio of 0.90 and a beta of 1.20. MillerKnoll, Inc. has a twelve month low of $15.25 and a twelve month high of $31.73.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last posted its earnings results on Wednesday, June 25th. The company reported $0.60 EPS for the quarter, beating analysts' consensus estimates of $0.44 by $0.16. MillerKnoll had a negative net margin of 1.01% and a positive return on equity of 10.44%. The company had revenue of $961.80 million for the quarter, compared to analysts' expectations of $913.80 million. During the same quarter in the prior year, the company posted $0.67 earnings per share. MillerKnoll's revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, analysts anticipate that MillerKnoll, Inc. will post 2.12 EPS for the current year.

MillerKnoll Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Sunday, August 31st will be paid a dividend of $0.1875 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.75 dividend on an annualized basis and a yield of 3.94%. MillerKnoll's dividend payout ratio (DPR) is presently -133.93%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on MLKN shares. Benchmark raised shares of MillerKnoll to a "hold" rating in a research note on Friday, June 27th. Wall Street Zen raised shares of MillerKnoll from a "hold" rating to a "buy" rating in a research report on Monday, May 12th.

About MillerKnoll

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.