California Public Employees Retirement System Sells 4,568 Shares of MINISO Group Holding Limited (NYSE:MNSO)

California Public Employees Retirement System lessened its stake in MINISO Group Holding Limited (NYSE:MNSO) by 2.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 156,866 shares of the company’s stock after selling 4,568 shares during the period. California Public Employees Retirement System’s holdings in MINISO Group were worth $3,200,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its stake in shares of MINISO Group by 95.3% during the third quarter. PNC Financial Services Group Inc. now owns 1,008 shares of the company’s stock valued at $26,000 after acquiring an additional 492 shares during the last quarter. Patriot Financial Group Insurance Agency LLC bought a new position in MINISO Group during the 4th quarter valued at approximately $206,000. Handelsinvest Investeringsforvaltning purchased a new stake in MINISO Group in the 4th quarter worth approximately $231,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of MINISO Group in the 3rd quarter worth approximately $339,000. Finally, Perigon Wealth Management LLC purchased a new position in shares of MINISO Group during the third quarter valued at approximately $343,000. 17.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. initiated coverage on MINISO Group in a research note on Tuesday, April 30th. They issued an “overweight” rating and a $30.00 price target for the company.

MINISO Group Price Performance

Shares of NYSE MNSO opened at $24.02 on Monday. MINISO Group Holding Limited has a 1 year low of $14.46 and a 1 year high of $29.92. The stock has a market capitalization of $7.59 billion, a P/E ratio of 23.55, a P/E/G ratio of 1.00 and a beta of 0.23. The company’s 50-day moving average is $20.47 and its 200 day moving average is $21.23. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.34 and a quick ratio of 1.91.

MINISO Group (NYSE:MNSO) last posted its earnings results on Tuesday, March 12th. The company reported $0.29 earnings per share for the quarter. MINISO Group had a return on equity of 25.43% and a net margin of 16.28%. The firm had revenue of $541.04 million for the quarter. On average, sell-side analysts expect that MINISO Group Holding Limited will post 1.24 earnings per share for the current year.

MINISO Group Dividend Announcement

The company also recently disclosed a None dividend, which was paid on Friday, April 12th. Shareholders of record on Thursday, March 28th were issued a $0.29 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a yield of 2%. MINISO Group’s dividend payout ratio (DPR) is 38.24%.

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.