Insider Buying: Tesco PLC (LON:TSCO) Insider Acquires 39 Shares of Stock

Tesco PLC (LON:TSCO) insider Ken Murphy bought 39 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The stock was purchased at an average price of GBX 355 ($4.61) per share, with a total value of £138.45 ($179.76).

Ken Murphy also recently made the following trade(s):

• On Friday, August 30th, Ken Murphy purchased 39 shares of Tesco stock. The shares were acquired at an average cost of GBX 353 ($4.58) per share, for a total transaction of £137.67 ($178.75).

Tesco Stock Performance

Shares of TSCO stock opened at GBX 352 ($4.57) on Monday. Tesco PLC has a 52 week low of GBX 268.70 ($3.49) and a 52 week high of GBX 373.90 ($4.85). The company has a market capitalization of £23.97 billion, a price-to-earnings ratio of 1,308.56, a PEG ratio of 1.43 and a beta of 0.51. The company has a 50-day simple moving average of GBX 357.42 and a 200 day simple moving average of GBX 326.08. The company has a debt-to-equity ratio of 126.42, a quick ratio of 0.60 and a current ratio of 0.81.

Tesco Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, October 10th will be given a dividend of GBX 4.25 ($0.06) per share. The ex-dividend date is Thursday, October 10th. This represents a yield of 1.2%. Tesco’s dividend payout ratio (DPR) is presently 4,814.81%.

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated a “buy” rating on shares of Tesco in a research note on Tuesday, September 3rd.

About Tesco

Tesco PLC, together with its subsidiaries, operates as a grocery retailer in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary. It offers grocery products through its stores, as well as online. The company is also involved in the food and drink wholesaling activities.