Mondi plc (LON:MNDI) Insider Mike Powell Acquires 10 Shares

Mondi plc (LON:MNDI) insider Mike Powell acquired 10 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was purchased at an average cost of GBX 1,563 ($19.64) per share, with a total value of £156.30 ($196.36).

Mondi Stock Up 1.1 %

Shares of MNDI stock opened at GBX 1,586 ($19.92) on Friday. The company has a current ratio of 2.09, a quick ratio of 1.14 and a debt-to-equity ratio of 33.19. Mondi plc has a 12 month low of GBX 1,290.95 ($16.22) and a 12 month high of GBX 1,719.85 ($21.61). The stock has a market cap of £6.99 billion, a P/E ratio of 1,635.05, a P/E/G ratio of 0.76 and a beta of 0.73. The company has a 50 day simple moving average of GBX 1,424.04 and a two-hundred day simple moving average of GBX 1,421.24.

Mondi Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Thursday, April 4th will be paid a €0.47 ($0.50) dividend. The ex-dividend date of this dividend is Thursday, April 4th. This represents a dividend yield of 2.89%. Mondi’s dividend payout ratio (DPR) is 6,391.75%.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada increased their target price on Mondi from GBX 1,650 ($20.73) to GBX 1,700 ($21.36) and gave the company a “buy” rating in a report on Tuesday.

About Mondi

Mondi plc, together with its subsidiaries, engages in the manufacture and sale of packaging and paper solutions in Africa, Western Europe, Emerging Europe, North America, South America, Asia, Australia, and internationally. The company operates in three segments: Corrugated Packaging, Flexible Packaging, and Uncoated Fine Paper.