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Coronation Fund Managers Increases Stake in Mondi plc

Story Highlights
  • Mondi plc operates in the packaging and paper industry, focusing on sustainable solutions.
  • Coronation Fund Managers now holds a 7.006423% stake in Mondi plc, slightly increasing their influence.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Coronation Fund Managers Increases Stake in Mondi plc

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Mondi plc ( (GB:MNDI) ) has shared an update.

Mondi plc has announced a change in the major interests of its shares, as Coronation Fund Managers, based in Cape Town, South Africa, has acquired a 7.006423% voting rights stake in the company. This acquisition signifies a slight increase from their previous position and reflects a strategic move by Coronation Fund Managers, potentially impacting Mondi’s shareholder dynamics and market perception.

The most recent analyst rating on (GB:MNDI) stock is a Buy with a £20.00 price target. To see the full list of analyst forecasts on Mondi plc stock, see the GB:MNDI Stock Forecast page.

Spark’s Take on GB:MNDI Stock

According to Spark, TipRanks’ AI Analyst, GB:MNDI is a Outperform.

Mondi plc’s overall stock score is driven by strong technical momentum and positive corporate events, offset by concerns about financial performance. Valuation remains relatively high but is balanced by a strong dividend yield.

To see Spark’s full report on GB:MNDI stock, click here.

More about Mondi plc

Mondi plc is a UK-based company incorporated in England and Wales, operating in the packaging and paper industry. The company is known for its production of sustainable packaging and paper solutions, catering to a global market with a focus on innovation and environmental responsibility.

Average Trading Volume: 1,156,795

Technical Sentiment Signal: Hold

Current Market Cap: £5.42B

See more insights into MNDI stock on TipRanks’ Stock Analysis page.

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