Bunzl (LON:BNZL) Share Price Passes Above Two Hundred Day Moving Average of $3,072.64

Bunzl plc (LON:BNZL) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 traded.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a “buy” rating on shares of Bunzl in a research note on Wednesday, April 24th.

Bunzl Stock Performance

The company has a 50 day simple moving average of GBX 3,041.76 and a 200-day simple moving average of GBX 3,073.41. The company has a debt-to-equity ratio of 106.68, a current ratio of 1.40 and a quick ratio of 0.73. The stock has a market cap of £10.43 billion, a P/E ratio of 2,016.88, a price-to-earnings-growth ratio of 5.40 and a beta of 0.47.

Bunzl Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, July 2nd. Investors of record on Thursday, May 16th will be given a GBX 50.10 ($0.63) dividend. This is an increase from Bunzl’s previous dividend of $18.20. The ex-dividend date of this dividend is Thursday, May 16th. This represents a yield of 1.52%. Bunzl’s payout ratio is presently 4,415.58%.

Insiders Place Their Bets

In related news, 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 transaction of £333,166.50 ($418,498.30). In other Bunzl news, insider Frank van Zanten sold 24,244 shares of Bunzl stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of GBX 3,062 ($38.46), for a total value of £742,351.28 ($932,484.96). Also, insider Richard Howes sold 10,730 shares of the stock in a transaction that occurred 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). 0.88% of the stock is owned by insiders.

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.