Reckitt Benckiser Group plc (LON:RKT) Insider Sells £463,307.76 in Stock

Reckitt Benckiser Group plc (LON:RKT) insider Kris Licht sold 10,344 shares of the stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of GBX 4,479 ($56.26), for a total value of £463,307.76 ($581,971.81).

Reckitt Benckiser Group Price Performance

RKT stock opened at GBX 4,476 ($56.22) on Friday. Reckitt Benckiser Group plc has a one year low of GBX 4,102.64 ($51.53) and a one year high of GBX 6,570 ($82.53). The firm has a 50-day moving average of GBX 4,617.97 and a two-hundred day moving average of GBX 5,236.89. The firm has a market capitalization of £31.71 billion, a PE ratio of 1,971.92, a P/E/G ratio of 3.76 and a beta of 0.07. The company has a current ratio of 0.64, a quick ratio of 0.46 and a debt-to-equity ratio of 100.80.

Reckitt Benckiser Group Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, May 24th. Stockholders of record on Thursday, April 11th will be issued a dividend of GBX 115.90 ($1.46) per share. The ex-dividend date is Thursday, April 11th. This represents a dividend yield of 1.99%. This is a positive change from Reckitt Benckiser Group’s previous dividend of $76.60. Reckitt Benckiser Group’s payout ratio is currently 8,502.20%.

Analysts Set New Price Targets

Separately, HSBC reaffirmed a “hold” rating on shares of Reckitt Benckiser Group in a research report on Thursday, April 18th.

Reckitt Benckiser Group Company Profile

Reckitt Benckiser Group plc manufactures and sells health, hygiene, and nutrition products worldwide. It offers acne treatment creams, facial washes, and cleansing pads; germ protection products; condoms; heartburn and indigestion solutions; joints health products; chest congestion, cough, and sinus remedies; brain health products; migraine-headaches and rheumatic pain products; sore throat medications; and hair removal products under the Airborne, Clearasil, Dettol, Durex, Gaviscon, Move Free, Neuriva, Nurofen, Mucinex, Strepsils, and Veet brands.