SCHEDULE 13G/A: BlackRock Amends Stake in Monro, Inc., Disclosing 15.4% Beneficial Ownership
Beneficial Ownership Report
BlackRock, Inc. has filed an Amendment No. 18 to Schedule 13G, reporting a 15.4% beneficial ownership stake in Monro, Inc. as of March 31, 2025.
Summary
- BlackRock, Inc. filed an Amendment No. 18 to Schedule 13G, disclosing its beneficial ownership in Monro, Inc.
- As of March 31, 2025, BlackRock, Inc. beneficially owned an aggregate of 4,601,428 shares of Monro, Inc. Common Stock.
- This ownership represents 15.4% of the class of securities.
- BlackRock, Inc. holds sole voting power over 4,541,798 shares and sole dispositive power over 4,601,428 shares.
- No shared voting or dispositive power was reported.
- The filing indicates that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Monro, Inc.
- iShares Core S&P Small-Cap ETF and BlackRock Fund Advisors are identified as entities within BlackRock's structure that beneficially own 5% or greater of the outstanding shares.
Sentiment
Score: 5
Explanation: The document is a factual, regulatory filing disclosing beneficial ownership and does not contain information that would inherently lead to a positive or negative sentiment regarding the issuer's performance or outlook.
Future Outlook
NA
Industry Context
This filing is a routine disclosure by a major institutional investor, BlackRock, Inc., regarding its passive ownership stake in Monro, Inc. Such filings are common in the asset management industry, reflecting portfolio holdings rather than strategic corporate actions by the issuer. It indicates BlackRock's continued investment in Monro, Inc. as part of its various funds and portfolios.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional holder's stake, confirming BlackRock's continued passive investment in Monro, Inc.
Key Dates
| Date | Description |
|---|---|
| 2023-04-30 | Date of previous Power of Attorney that was expressly revoked. |
| 2025-01-21 | Effective date of the new Power of Attorney. |
| 2025-03-31 | Date of event which requires filing of this statement (reporting date for ownership). |
| 2025-04-29 | Date of signature for the Schedule 13G filing. |
Keywords
BlackRock Inc., Monro Inc., Schedule 13G, Beneficial Ownership, SEC Filing, Common Stock, Institutional Investor, Asset Management, Investment Management
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