Capital Wealth Planning LLC Grows Stake in MINISO Group Holding Limited (NYSE:MNSO)

Capital Wealth Planning LLC raised its holdings in MINISO Group Holding Limited (NYSE:MNSO - Free Report) by 176.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 79,671 shares of the company's stock after purchasing an additional 50,817 shares during the quarter. Capital Wealth Planning LLC's holdings in MINISO Group were worth $1,625,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of MNSO. PNC Financial Services Group Inc. lifted its holdings in MINISO Group by 95.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,008 shares of the company's stock worth $26,000 after buying an additional 492 shares in the last quarter. California Public Employees Retirement System raised its stake in shares of MINISO Group by 0.6% in the third quarter. California Public Employees Retirement System now owns 161,434 shares of the company's stock valued at $4,181,000 after acquiring an additional 956 shares in the last quarter. Avalon Trust Co purchased a new position in MINISO Group in the fourth quarter valued at $26,000. Prudential PLC grew its stake in MINISO Group by 12.9% during the 3rd quarter. Prudential PLC now owns 22,097 shares of the company's stock worth $572,000 after purchasing an additional 2,526 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in MINISO Group by 2.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 98,737 shares of the company's stock worth $2,557,000 after purchasing an additional 2,577 shares during the period. 17.16% of the stock is currently owned by hedge funds and other institutional investors.

MINISO Group Stock Up 0.4 %

Shares of MNSO stock traded up $0.09 on Thursday, reaching $24.62. 1,669,574 shares of the stock were exchanged, compared to its average volume of 1,595,101. The company has a market capitalization of $7.78 billion, a price-to-earnings ratio of 23.23, a PEG ratio of 1.05 and a beta of 0.23. The business's 50 day moving average price is $21.63 and its 200 day moving average price is $21.20. The company has a current ratio of 2.34, a quick ratio of 1.91 and a debt-to-equity ratio of 0.09. MINISO Group Holding Limited has a twelve month low of $14.46 and a twelve month high of $29.92.

MINISO Group (NYSE:MNSO - Get Free Report) last released its quarterly earnings data on Tuesday, May 14th. The company reported $0.26 EPS for the quarter. The business had revenue of $515.70 million for the quarter. MINISO Group had a return on equity of 25.43% and a net margin of 16.28%. During the same quarter in the previous year, the company posted $0.22 EPS. As a group, sell-side analysts expect that MINISO Group Holding Limited will post 1.24 earnings per share for the current fiscal year.

MINISO Group Dividend Announcement

The business also recently announced a None dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were issued a $0.29 dividend. This represents a dividend yield of 2%. The ex-dividend date of this dividend was Wednesday, March 27th. MINISO Group's payout ratio is 36.79%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. initiated coverage on MINISO Group in a research report on Tuesday, April 30th. They set an "overweight" rating and a $30.00 price objective for the company.

MINISO Group 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.