Mondi plc (LON:MNDI) Insider Andrew King Acquires 26 Shares of Stock

Mondi plc (LON:MNDI) insider Andrew King bought 26 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was acquired at an average price of GBX 1,152 ($15.33) per share, for a total transaction of £299.52 ($398.46).

Andrew King also recently made the following trade(s):

• On Friday, March 7th, Andrew King purchased 24 shares of Mondi stock. The stock was acquired at an average cost of GBX 1,287 ($17.12) per share, with a total value of £308.88 ($410.91).
• On Thursday, February 27th, Andrew King sold 35,509 shares of Mondi stock. The shares were sold at an average price of GBX 1,222 ($16.26), for a total transaction of £433,919.98 ($577,251.54).

Mondi Price Performance

Shares of LON:MNDI opened at GBX 1,157.50 ($15.40) on Friday. The stock’s 50 day moving average price is GBX 1,153.94 and its 200 day moving average price is GBX 1,194.26. The company has a debt-to-equity ratio of 41.00, a current ratio of 2.06 and a quick ratio of 1.14. The stock has a market cap of £6.08 billion, a price-to-earnings ratio of 15.74, a PEG ratio of 0.76 and a beta of 0.68. Mondi plc has a 12 month low of GBX 973.80 ($12.95) and a 12 month high of GBX 1,617.50 ($21.52).

Mondi Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 16th. Stockholders of record on Thursday, April 3rd will be issued a €0.47 ($0.52) dividend. This is a positive change from Mondi’s previous dividend of $0.23. The ex-dividend date is Thursday, April 3rd. This represents a dividend yield of 3.14%. Mondi’s dividend payout ratio is 81.60%.

Analysts Set New Price Targets

Separately, Citigroup lowered their target price on shares of Mondi from GBX 1,600 ($21.29) to GBX 1,550 ($20.62) and set a “buy” rating on the stock in a research note on Tuesday, February 25th.

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.