Mondi plc (LON:MNDI) Insider Mike Powell Acquires 11 Shares

Mondi plc (LON:MNDI) insider Mike Powell bought 11 shares of the business’s stock in a transaction dated Thursday, September 7th. The shares were acquired at an average cost of GBX 1,313 ($16.58) per share, with a total value of £144.43 ($182.41).

Mike Powell also recently made the following trade(s):

• On Monday, August 7th, Mike Powell acquired 22 shares of Mondi stock. The stock was purchased at an average cost of GBX 1,312 ($16.57) per share, with a total value of £288.64 ($364.54).

Mondi Price Performance

Shares of LON:MNDI opened at GBX 1,291.50 ($16.31) on Friday. The business’s fifty day moving average price is GBX 1,289.11 and its two-hundred day moving average price is GBX 1,291.28. The stock has a market cap of £6.27 billion, a PE ratio of 942.70, a price-to-earnings-growth ratio of 0.76 and a beta of 0.79. The company has a debt-to-equity ratio of 33.83, a quick ratio of 1.14 and a current ratio of 2.05. Mondi plc has a one year low of GBX 1,173.59 ($14.82) and a one year high of GBX 1,604 ($20.26).

Mondi Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 24th will be issued a dividend of €0.23 ($0.25) per share. This represents a yield of 1.5%. The ex-dividend date is Thursday, August 24th. Mondi’s dividend payout ratio (DPR) is presently 4,598.54%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on MNDI shares. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,650 ($20.84) price objective on shares of Mondi in a research note on Tuesday, July 11th. JPMorgan Chase & Co. raised Mondi to an “overweight” rating and dropped their price objective for the company from GBX 1,606 ($20.28) to GBX 1,355 ($17.11) in a research note on Thursday, July 6th. Finally, Morgan Stanley reaffirmed a “top pick” rating on shares of Mondi in a research note on Thursday, July 6th.

About Mondi

Mondi plc engages in the manufacture and sale of packaging and paper products in Africa, Western Europe, Emerging Europe, North America, South America, Asia, and Australia. It operates in Corrugated Packaging, Flexible Packaging, Personal Care Components, and Uncoated Fine Paper segments. The company offers flexible packaging, bags, and pouches; personal care components; release liners; functional films; corrugated solutions; industrial bags; barrier coatings; specialty kraft and sack kraft papers; containerboards; and office and professional printing papers.