Bunzl (LON:BNZL) Stock Crosses Above Two Hundred Day Moving Average of $3,072.64

Bunzl plc (LON:BNZL)’s stock price passed 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.

Analyst Ratings Changes

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

Bunzl Stock Performance

The company has a quick ratio of 0.73, a current ratio of 1.40 and a debt-to-equity ratio of 106.68. The stock has a fifty day simple moving average of GBX 3,041.76 and a 200-day simple moving average of GBX 3,072.64. The company has a market capitalization of £10.43 billion, a P/E ratio of 2,016.88, a PEG ratio of 5.40 and a beta of 0.47.

Bunzl Increases Dividend

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

Insider Transactions at Bunzl

In other news, insider Frank van Zanten sold 24,244 shares of the business’s 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). In other news, insider Richard Howes sold 10,730 shares of the firm’s stock in a transaction dated 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). Also, 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 transaction of £742,351.28 ($932,484.96). Company insiders own 0.88% of the company’s stock.

About Bunzl

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.