Mondi plc (LON:MNDI) Insider Acquires £156.30 in Stock

Mondi plc (LON:MNDI) insider Mike Powell purchased 10 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were purchased at an average cost of GBX 1,563 ($19.64) per share, for a total transaction of £156.30 ($196.36).

Mondi Stock Up 1.1 %

Mondi stock opened at GBX 1,586 ($19.92) on Friday. The company has a debt-to-equity ratio of 33.19, a current ratio of 2.09 and a quick ratio of 1.14. The stock has a market capitalization of £6.99 billion, a PE ratio of 1,635.05, a price-to-earnings-growth ratio of 0.76 and a beta of 0.73. The business has a 50 day simple moving average of GBX 1,424.04 and a 200-day simple moving average of GBX 1,421.24. Mondi plc has a 12 month low of GBX 1,290.95 ($16.22) and a 12 month high of GBX 1,719.85 ($21.61).

Mondi Cuts Dividend

The business also recently declared a dividend, which will be paid on Tuesday, May 14th. Investors of record on Thursday, April 4th will be paid a €0.47 ($0.50) dividend. The ex-dividend date is Thursday, April 4th. This represents a yield of 2.89%. Mondi’s dividend payout ratio is currently 6,391.75%.

Analyst Ratings Changes

Separately, Royal Bank of Canada upped their price objective on shares of Mondi from GBX 1,650 ($20.73) to GBX 1,700 ($21.36) and gave the stock a “buy” rating in a research report on Tuesday.

Mondi Company Profile

Mondi plc, together with its subsidiaries, engages in the manufacture and sale of packaging and paper solutions in Africa, Western Europe, Emerging Europe, North America, South America, Asia, Australia, and internationally. The company operates in three segments: Corrugated Packaging, Flexible Packaging, and Uncoated Fine Paper.