Bunzl plc (LON:BNZL) Insider Frank van Zanten Sells 21,307 Shares

Bunzl plc (LON:BNZL – Get Rating) insider Frank van Zanten sold 21,307 shares of the firm’s stock in a transaction on Tuesday, April 11th. The shares were sold at an average price of GBX 3,066 ($37.97), for a total transaction of £653,272.62 ($809,006.34).

Frank van Zanten also recently made the following trade(s):

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• On Thursday, April 6th, Frank van Zanten sold 42,636 shares of Bunzl stock. The stock was sold at an average price of GBX 3,071 ($38.03), for a total transaction of £1,309,351.56 ($1,621,488.00).
• On Wednesday, March 1st, Frank van Zanten sold 13,046 shares of Bunzl stock. The stock was sold at an average price of GBX 2,986 ($36.98), for a total transaction of £389,553.56 ($482,419.27).

Bunzl Stock Performance

Bunzl stock opened at GBX 3,059 ($37.88) on Wednesday. The company has a quick ratio of 0.73, a current ratio of 1.40 and a debt-to-equity ratio of 118.76. The company has a market capitalization of £10.33 billion, a PE ratio of 2,169.50, a P/E/G ratio of 5.40 and a beta of 0.46. The firm has a fifty day simple moving average of GBX 3,017.80 and a two-hundred day simple moving average of GBX 2,932.70. Bunzl plc has a twelve month low of GBX 2,542 ($31.48) and a twelve month high of GBX 3,249 ($40.24).

Bunzl Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, July 4th. Shareholders of record on Thursday, May 18th will be given a GBX 45.40 ($0.56) dividend. This is a boost from Bunzl’s previous dividend of $17.30. The ex-dividend date is Thursday, May 18th. This represents a dividend yield of 1.51%. Bunzl’s payout ratio is presently 4,468.09%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised shares of Bunzl to an “overweight” rating and lifted their price objective for the stock from GBX 3,250 ($40.25) to GBX 3,375 ($41.80) in a report on Monday, March 13th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a GBX 2,800 ($34.67) price objective on shares of Bunzl in a report on Thursday, January 5th. Barclays reaffirmed an “underweight” rating and set a GBX 2,750 ($34.06) price objective on shares of Bunzl in a report on Tuesday, February 28th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 3,060 ($37.89) price objective on shares of Bunzl in a report on Tuesday, February 28th. Finally, Shore Capital reissued a “buy” rating on shares of Bunzl in a research note on Monday, February 27th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Bunzl has an average rating of “Hold” and an average price target of GBX 2,895 ($35.85).

About Bunzl

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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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