Reynolds Consumer Products Inc. (NASDAQ:REYN) Director Buys $149,340.00 in Stock

Reynolds Consumer Products Inc. (NASDAQ:REYN) Director Rolf Stangl purchased 6,000 shares of the business’s stock in a transaction on Monday, February 10th. The shares were bought at an average price of $24.89 per share, with a total value of $149,340.00. Following the purchase, the director now directly owns 16,889 shares in the company, valued at approximately $420,367.21. The trade was a 55.10 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Rolf Stangl also recently made the following trade(s):

• On Thursday, December 19th, Rolf Stangl bought 3,682 shares of Reynolds Consumer Products stock. The shares were acquired at an average cost of $27.50 per share, for a total transaction of $101,255.00.

Reynolds Consumer Products Stock Performance

Shares of REYN stock traded up $0.08 during trading hours on Tuesday, reaching $24.68. 296,373 shares of the company’s stock were exchanged, compared to its average volume of 557,910. The business has a fifty day moving average price of $27.14 and a 200-day moving average price of $28.78. Reynolds Consumer Products Inc. has a fifty-two week low of $24.26 and a fifty-two week high of $32.65. The stock has a market capitalization of $5.19 billion, a P/E ratio of 14.69 and a beta of 0.50. The company has a quick ratio of 0.89, a current ratio of 2.04 and a debt-to-equity ratio of 0.79.

Reynolds Consumer Products (NASDAQ:REYN) last released its earnings results on Wednesday, February 5th. The company reported $0.58 earnings per share for the quarter, meeting the consensus estimate of $0.58. Reynolds Consumer Products had a return on equity of 17.14% and a net margin of 9.56%. Analysts predict that Reynolds Consumer Products Inc. will post 1.66 EPS for the current fiscal year.

Reynolds Consumer Products Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a dividend of $0.23 per share. The ex-dividend date is Friday, February 14th. This represents a $0.92 annualized dividend and a yield of 3.73%. Reynolds Consumer Products’s dividend payout ratio (DPR) is presently 54.76%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in REYN. True Wealth Design LLC purchased a new position in Reynolds Consumer Products in the third quarter valued at about $29,000. Blue Trust Inc. lifted its position in shares of Reynolds Consumer Products by 115.2% in the 4th quarter. Blue Trust Inc. now owns 1,304 shares of the company’s stock worth $35,000 after purchasing an additional 698 shares during the period. Eagle Bay Advisors LLC bought a new stake in Reynolds Consumer Products during the 4th quarter valued at about $40,000. Capital Performance Advisors LLP bought a new stake in shares of Reynolds Consumer Products in the third quarter worth approximately $70,000. Finally, Farther Finance Advisors LLC grew its position in Reynolds Consumer Products by 667.1% during the fourth quarter. Farther Finance Advisors LLC now owns 2,585 shares of the company’s stock valued at $70,000 after buying an additional 2,248 shares during the period. 26.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

REYN has been the subject of a number of analyst reports. JPMorgan Chase & Co. dropped their target price on shares of Reynolds Consumer Products from $30.00 to $28.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Evercore ISI reduced their target price on shares of Reynolds Consumer Products from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. Canaccord Genuity Group lowered their price objective on shares of Reynolds Consumer Products from $31.00 to $30.00 and set a “hold” rating for the company in a research report on Thursday, February 6th. Royal Bank of Canada reiterated a “sector perform” rating and set a $32.00 price objective on shares of Reynolds Consumer Products in a research note on Monday, February 3rd. Finally, Stifel Nicolaus cut their price target on shares of Reynolds Consumer Products from $32.00 to $31.00 and set a “hold” rating on the stock in a research note on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Reynolds Consumer Products currently has an average rating of “Hold” and a consensus price target of $30.38.

Reynolds Consumer Products Company Profile

Reynolds Consumer Products Inc produces and sells products in cooking, waste and storage, and tableware product categories in the United States and internationally. It operates through four segments: Reynolds Cooking & Baking, Hefty Waste & Storage, Hefty Tableware, and Presto Products. The Reynolds Cooking & Baking segment produces aluminum foil, disposable aluminum pans, parchment paper, freezer paper, wax paper, butcher paper, plastic wrap, baking cups, oven bags, and slow cooker liners under the Reynolds Wrap, Reynolds KITCHENS, and EZ Foil brands in the United States, as well as under the ALCAN brand in Canada and under the Diamond brand internationally.