Andrew King Buys 20,000 Shares of Mondi Plc (LON:MNDI) Stock
Mondi Plc (LON:MNDI) insider Andrew King acquired 20,000 shares of the stock in a transaction that occurred on Thursday, August 10th. The stock was acquired at an average price of GBX 1,993 ($25.95) per share, with a total value of £398,600 ($519,078.00).
Andrew King also recently made the following trade(s):
- On Monday, August 7th, Andrew King acquired 8 shares of Mondi Plc stock. The stock was acquired at an average price of GBX 1,992 ($25.94) per share, with a total value of £159.36 ($207.53).
- On Friday, July 7th, Andrew King acquired 7 shares of Mondi Plc stock. The stock was acquired at an average price of GBX 1,983 ($25.82) per share, with a total value of £138.81 ($180.77).
Mondi Plc (MNDI) traded up 0.40% on Friday, hitting GBX 1996.00. The stock had a trading volume of 838,313 shares. The firm’s market cap is GBX 9.67 billion. Mondi Plc has a one year low of GBX 1,495.00 and a one year high of GBX 2,121.00. The company’s 50-day moving average price is GBX 2,019.08 and its 200 day moving average price is GBX 1,959.49.
The company also recently disclosed a dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Thursday, August 24th will be issued a dividend of €0.19 ($0.22) per share. The ex-dividend date is Thursday, August 24th. This represents a dividend yield of 0.87%.
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MNDI has been the subject of several analyst reports. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 2,300 ($29.95) price objective on shares of Mondi Plc in a research report on Monday. Jefferies Group LLC increased their price objective on Mondi Plc from GBX 2,250 ($29.30) to GBX 2,300 ($29.95) and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a GBX 2,000 ($26.05) price objective on shares of Mondi Plc in a research report on Monday, April 24th. Credit Suisse Group reiterated a “neutral” rating and issued a GBX 2,135 ($27.80) price objective on shares of Mondi Plc in a research report on Tuesday, May 30th. Finally, J P Morgan Chase & Co reiterated an “overweight” rating on shares of Mondi Plc in a research report on Friday, August 4th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Mondi Plc has a consensus rating of “Buy” and a consensus target price of GBX 2,094.38 ($27.27).
About Mondi Plc
Mondi plc is a United Kingdom-based packaging and paper company. The Company is engaged in managing forests and producing pulp, paper and compound plastics for industrial and consumer packaging. The Company and Mondi Limited, under a dual listed company (DLC) structure, operate together as a single economic entity.
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