Bunzl plc (LON:BNZL - Get Free Report) insider Frank van Zanten sold 24,244 shares of the stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of GBX 3,062 ($37.82), for a total transaction of £742,351.28 ($916,935.87).
Bunzl Stock Up 1.2 %
Shares of LON BNZL opened at GBX 3,070 ($37.92) on Friday. The company has a 50 day simple moving average of GBX 3,062.42 and a 200 day simple moving average of GBX 3,069.02. The firm has a market cap of £10.31 billion, a PE ratio of 1,993.51, a price-to-earnings-growth ratio of 5.40 and a beta of 0.47. Bunzl plc has a 1 year low of GBX 2,680 ($33.10) and a 1 year high of GBX 3,306 ($40.83). The company has a debt-to-equity ratio of 106.68, a current ratio of 1.40 and a quick ratio of 0.73.
Bunzl Increases Dividend
The company also recently announced a dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Thursday, May 16th will be given a dividend of GBX 50.10 ($0.62) per share. This represents a yield of 1.52%. The ex-dividend date is Thursday, May 16th. This is an increase from Bunzl's previous dividend of $18.20. Bunzl's dividend payout ratio is currently 4,415.58%.
Wall Street Analyst Weigh In
Separately, Shore Capital reissued a "buy" rating on shares of Bunzl in a report on Wednesday. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Bunzl currently has a consensus rating of "Hold" and a consensus target price of GBX 2,875 ($35.51).
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About Bunzl
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Get Free Report)
Bunzl plc operates as a distribution and services company in the North America, Continental Europe, the United Kingdom, Ireland, and internationally. The company offers food packaging, films, labels, cleaning and hygiene supplies, and personal protection equipment to grocery stores, supermarkets, and convenience stores.
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