Insider Selling: Bunzl (BNZL) Insider Sells 3,630 Shares of Stock

Bunzl (LON:BNZL) insider Paul Nicholas Hussey sold 3,630 shares of the company’s stock in a transaction on Thursday, April 19th. The shares were sold at an average price of GBX 2,114 ($30.27), for a total value of £76,738.20 ($109,877.15).

Shares of LON BNZL traded down GBX 3 ($0.04) during mid-day trading on Thursday, hitting GBX 2,119 ($30.34). 637,307 shares of the company traded hands, compared to its average volume of 1,290,000. Bunzl has a 1 year low of GBX 1,918.50 ($27.47) and a 1 year high of GBX 2,472 ($35.40).

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Bunzl (LON:BNZL) last announced its earnings results on Monday, February 26th. The company reported GBX 119.40 ($1.71) EPS for the quarter, beating the consensus estimate of GBX 114 ($1.63) by GBX 5.40 ($0.08). The business had revenue of GBX 858.09 billion during the quarter. Bunzl had a return on equity of 26.17% and a net margin of 4.01%.

The firm also recently declared a dividend, which will be paid on Monday, July 2nd. Investors of record on Thursday, May 24th will be given a dividend of GBX 32 ($0.46) per share. This represents a yield of 1.65%. This is a positive change from Bunzl’s previous dividend of $14.00. The ex-dividend date is Thursday, May 24th.

Several analysts have recently weighed in on BNZL shares. Credit Suisse Group upgraded Bunzl to an “outperform” rating and upped their price objective for the company from GBX 2,290 ($32.79) to GBX 2,400 ($34.36) in a report on Wednesday, January 3rd. Shore Capital reaffirmed a “buy” rating on shares of Bunzl in a report on Thursday, January 11th. Deutsche Bank upped their target price on Bunzl from GBX 2,540 ($36.37) to GBX 2,630 ($37.66) and gave the company a “buy” rating in a report on Friday, January 12th. JPMorgan Chase upped their target price on Bunzl from GBX 2,516 ($36.03) to GBX 2,609 ($37.36) and gave the company a “neutral” rating in a report on Friday, January 12th. Finally, Goldman Sachs reaffirmed a “buy” rating and set a GBX 2,500 ($35.80) target price on shares of Bunzl in a report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. Bunzl presently has an average rating of “Hold” and an average price target of GBX 2,418.27 ($34.63).

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About Bunzl

Bunzl plc provides distribution and outsourcing services primarily in the North America, Continental Europe, the United Kingdom, Ireland, and internationally. It provides non-food consumables, including food packaging, napkins, disposable tableware, food service disposables, guest amenities, light and heavy catering equipment, cleaning and hygiene products, and safety items to hotels, restaurants, caterers, and food processors and packers, as well as the leisure sector.

Insider Buying and Selling by Quarter for Bunzl (LON:BNZL)

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