Bunzl plc (LON:BNZL – Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 3,072.64 ($38.60) and traded as high as GBX 3,114 ($39.12). Bunzl shares last traded at GBX 3,106 ($39.02), with a volume of 561,544 shares.
Analyst Upgrades and Downgrades
Separately, Shore Capital restated a “buy” rating on shares of Bunzl in a research note on Wednesday, April 24th.
View Our Latest Research Report on BNZL
Bunzl Price Performance
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 issued a GBX 50.10 ($0.63) dividend. The ex-dividend date is Thursday, May 16th. This represents a dividend yield of 1.52%. This is an increase from Bunzl’s previous dividend of $18.20. Bunzl’s dividend payout ratio is presently 4,415.58%.
Insider Transactions at Bunzl
In related news, insider Richard Howes sold 10,730 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of GBX 3,105 ($39.00), for a total value of £333,166.50 ($418,498.30). In other news, insider Frank van Zanten sold 24,244 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of GBX 3,062 ($38.46), for a total transaction of £742,351.28 ($932,484.96). Also, insider Richard Howes sold 10,730 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of GBX 3,105 ($39.00), for a total value of £333,166.50 ($418,498.30). Insiders own 0.88% of the company’s stock.
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.
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