Mondi plc (LON:MNDI – Get Free Report) hit a new 52-week low during trading on Thursday . The company traded as low as GBX 1,084 ($14.08) and last traded at GBX 1,106.50 ($14.37), with a volume of 5834865 shares trading hands. The stock had previously closed at GBX 1,163.50 ($15.11).
Analyst Ratings Changes
Separately, Citigroup decreased their price target on shares of Mondi from GBX 1,600 ($20.78) to GBX 1,550 ($20.13) and set a “buy” rating on the stock in a research note on Tuesday, February 25th.
Read Our Latest Stock Report on Mondi
Mondi Trading Down 5.2 %
Mondi Increases Dividend
The business also recently declared a dividend, which will be paid on Friday, May 16th. Investors of record on Thursday, April 3rd will be given a dividend of €0.47 ($0.51) per share. This represents a yield of 3.14%. This is a positive change from Mondi’s previous dividend of $0.23. The ex-dividend date of this dividend is Thursday, April 3rd. Mondi’s dividend payout ratio (DPR) is presently 81.60%.
Insiders Place Their Bets
In other news, insider Andrew King acquired 26 shares of the firm’s stock in a transaction on Wednesday, January 8th. The shares were purchased at an average price of GBX 1,161 ($15.08) per share, for a total transaction of £301.86 ($391.98). Insiders have purchased 62 shares of company stock valued at $76,374 in the last ninety days. Company insiders own 1.36% of the company’s stock.
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.
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