Bunzl plc (LON:BNZL) Insider Frank van Zanten Sells 24,244 Shares

Bunzl plc (LON:BNZL) insider Frank van Zanten sold 24,244 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of GBX 3,062 ($37.82), for a total value of £742,351.28 ($916,935.87).

Bunzl Trading Up 1.2 %

BNZL opened at GBX 3,070 ($37.92) on Friday. Bunzl plc has a one year low of GBX 2,680 ($33.10) and a one year high of GBX 3,306 ($40.83). The stock has a market capitalization of £10.31 billion, a PE ratio of 1,993.51, a P/E/G ratio of 5.40 and a beta of 0.47. The business’s 50 day moving average price is GBX 3,062.42 and its 200 day moving average price is GBX 3,069.02. The company has a debt-to-equity ratio of 106.68, a quick ratio of 0.73 and a current ratio of 1.40.

Bunzl Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, July 2nd. Investors of record on Thursday, May 16th will be issued a GBX 50.10 ($0.62) dividend. The ex-dividend date of this dividend is Thursday, May 16th. This is a boost from Bunzl’s previous dividend of $18.20. This represents a yield of 1.52%. Bunzl’s dividend payout ratio is currently 4,415.58%.

Analyst Upgrades and Downgrades

Separately, Shore Capital restated a “buy” rating on shares of Bunzl in a report on Wednesday. Two research 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. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of GBX 2,875 ($35.51).

Bunzl Company Profile

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.