Bunzl plc (LON:BNZL) Insider Sells £742,351.28 in Stock

Bunzl plc (LON:BNZL) insider Frank van Zanten sold 24,244 shares of the company’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 transaction of £742,351.28 ($916,935.87).

Bunzl Price Performance

Bunzl stock opened at GBX 3,070 ($37.92) on Monday. Bunzl plc has a 52-week low of GBX 2,680 ($33.10) and a 52-week high of GBX 3,306 ($40.83). The firm has a fifty day moving average of GBX 3,059.52 and a 200-day moving average of GBX 3,070.27. The firm has a market capitalization of £10.31 billion, a P/E ratio of 1,993.51, a PEG ratio of 5.40 and a beta of 0.47. The company has a quick ratio of 0.73, a current ratio of 1.40 and a debt-to-equity ratio of 106.68.

Bunzl Increases Dividend

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

Analyst Ratings Changes

Separately, Shore Capital reaffirmed a “buy” rating on shares of Bunzl in a research report on Wednesday, April 24th.

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.