Reynolds Consumer Products Inc. (NASDAQ:REYN) Director Rolf Stangl Purchases 3,682 Shares

Reynolds Consumer Products Inc. (NASDAQ:REYN) Director Rolf Stangl acquired 3,682 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The shares were purchased at an average cost of $27.50 per share, for a total transaction of $101,255.00. Following the completion of the acquisition, the director now owns 10,889 shares in the company, valued at $299,447.50. This represents a 51.09 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Friday, November 1st, Rolf Stangl purchased 7,207 shares of Reynolds Consumer Products stock. The shares were acquired at an average price of $27.25 per share, for a total transaction of $196,390.75.

Reynolds Consumer Products Stock Performance

NASDAQ:REYN opened at $27.61 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 2.04. Reynolds Consumer Products Inc. has a fifty-two week low of $26.45 and a fifty-two week high of $32.65. The business has a 50 day moving average price of $28.22 and a 200-day moving average price of $28.97. The firm has a market cap of $5.80 billion, a PE ratio of 15.78 and a beta of 0.50.

Reynolds Consumer Products (NASDAQ:REYN) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.01). Reynolds Consumer Products had a net margin of 10.03% and a return on equity of 18.27%. The firm had revenue of $910.00 million for the quarter, compared to analysts’ expectations of $902.88 million. During the same period in the previous year, the company earned $0.37 EPS. The company’s quarterly revenue was down 2.7% on a year-over-year basis. Equities research analysts predict that Reynolds Consumer Products Inc. will post 1.69 earnings per share for the current year.

Reynolds Consumer Products Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a dividend of $0.23 per share. The ex-dividend date was Friday, November 15th. This represents a $0.92 dividend on an annualized basis and a yield of 3.33%. Reynolds Consumer Products’s dividend payout ratio is presently 52.57%.

Institutional Investors Weigh In On Reynolds Consumer Products

Several institutional investors and hedge funds have recently bought and sold shares of the business. Abich Financial Wealth Management LLC increased its stake in shares of Reynolds Consumer Products by 21.3% during the third quarter. Abich Financial Wealth Management LLC now owns 2,357 shares of the company’s stock valued at $73,000 after buying an additional 414 shares during the period. Crossmark Global Holdings Inc. lifted its stake in Reynolds Consumer Products by 4.7% in the second quarter. Crossmark Global Holdings Inc. now owns 12,181 shares of the company’s stock worth $341,000 after acquiring an additional 550 shares during the period. Covestor Ltd boosted its holdings in Reynolds Consumer Products by 14.8% in the third quarter. Covestor Ltd now owns 4,564 shares of the company’s stock valued at $142,000 after acquiring an additional 588 shares in the last quarter. Signaturefd LLC increased its position in Reynolds Consumer Products by 13.0% during the 2nd quarter. Signaturefd LLC now owns 5,287 shares of the company’s stock valued at $148,000 after purchasing an additional 608 shares during the period. Finally, MML Investors Services LLC raised its holdings in Reynolds Consumer Products by 1.3% in the 3rd quarter. MML Investors Services LLC now owns 48,700 shares of the company’s stock worth $1,515,000 after purchasing an additional 641 shares in the last quarter. Hedge funds and other institutional investors own 26.81% of the company’s stock.

Wall Street Analysts Forecast Growth

REYN has been the subject of a number of recent research reports. Jefferies Financial Group initiated coverage on shares of Reynolds Consumer Products in a report on Thursday, August 29th. They issued a “buy” rating and a $38.00 price objective for the company. Barclays lowered their price target on shares of Reynolds Consumer Products from $29.00 to $28.00 and set an “equal weight” rating for the company in a research note on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $32.17.

About Reynolds Consumer Products

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.