Kris Licht Sells 10,344 Shares of Reckitt Benckiser Group plc (LON:RKT) Stock

Posted by MarketBeat News on May 5th, 2024

Reckitt Benckiser Group plc (LON:RKT – Get Free Report) insider Kris Licht sold 10,344 shares of the stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of GBX 4,479 ($56.26), for a total transaction of £463,307.76 ($581,971.81).

Reckitt Benckiser Group Stock Up 0.2 %

RKT opened at GBX 4,476 ($56.22) on Friday. Reckitt Benckiser Group plc has a 12 month low of GBX 4,102.64 ($51.53) and a 12 month high of GBX 6,570 ($82.53). The company has a current ratio of 0.64, a quick ratio of 0.46 and a debt-to-equity ratio of 100.80. The business’s 50-day moving average price is GBX 4,591.06 and its 200-day moving average price is GBX 5,227.62. The company has a market cap of £31.71 billion, a P/E ratio of 1,971.81, a P/E/G ratio of 3.76 and a beta of 0.07.

Reckitt Benckiser Group Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, May 24th. Investors of record on Thursday, April 11th will be given a dividend of GBX 115.90 ($1.46) per share. This represents a yield of 1.99%. This is a positive change from Reckitt Benckiser Group’s previous dividend of $76.60. The ex-dividend date is Thursday, April 11th. Reckitt Benckiser Group’s dividend payout ratio (DPR) is presently 8,502.20%.

Wall Street Analysts Forecast Growth

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Separately, HSBC reaffirmed a “hold” rating on shares of Reckitt Benckiser Group in a research note on Thursday, April 18th.

Get Our Latest Analysis on RKT

Reckitt Benckiser Group Company Profile

(Get Free Report)

Reckitt Benckiser Group plc manufactures and sells health, hygiene, and nutrition products worldwide. It offers acne treatment creams, facial washes, and cleansing pads; germ protection products; condoms; heartburn and indigestion solutions; joints health products; chest congestion, cough, and sinus remedies; brain health products; migraine-headaches and rheumatic pain products; sore throat medications; and hair removal products under the Airborne, Clearasil, Dettol, Durex, Gaviscon, Move Free, Neuriva, Nurofen, Mucinex, Strepsils, and Veet brands.