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 company’s stock in a transaction that occurred on Monday, February 10th. The shares were purchased at an average price of $24.89 per share, for a total transaction of $149,340.00. Following the purchase, the director now directly owns 16,889 shares in the company, valued at $420,367.21. The trade was a 55.10 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

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

Reynolds Consumer Products Price Performance

Shares of REYN opened at $24.67 on Wednesday. The company has a current ratio of 2.04, a quick ratio of 0.89 and a debt-to-equity ratio of 0.79. The stock’s 50 day moving average is $27.14 and its two-hundred day moving average is $28.78. Reynolds Consumer Products Inc. has a twelve month low of $24.26 and a twelve month high of $32.65. The firm has a market capitalization of $5.18 billion, a PE ratio of 14.68 and a beta of 0.50.

Reynolds Consumer Products (NASDAQ:REYN) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.58 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.58. Reynolds Consumer Products had a return on equity of 17.14% and a net margin of 9.56%. Research analysts anticipate that Reynolds Consumer Products Inc. will post 1.66 earnings per share for the current year.

Reynolds Consumer Products Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.73%. Reynolds Consumer Products’s dividend payout ratio is presently 54.76%.

Analysts Set New Price Targets

Several analysts recently commented on REYN shares. Barclays reduced their price target on shares of Reynolds Consumer Products from $27.00 to $25.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Evercore ISI reduced their target price on shares of Reynolds Consumer Products from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Thursday, February 6th. UBS Group lowered their price target on Reynolds Consumer Products from $30.00 to $29.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Canaccord Genuity Group reduced their price objective on Reynolds Consumer Products from $31.00 to $30.00 and set a “hold” rating for the company in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. decreased their price objective on Reynolds Consumer Products from $30.00 to $28.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Reynolds Consumer Products has an average rating of “Hold” and a consensus target price of $30.38.

Institutional Trading of Reynolds Consumer Products

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. True Wealth Design LLC purchased a new stake in Reynolds Consumer Products during the third quarter worth $29,000. Blue Trust Inc. raised its stake in shares of Reynolds Consumer Products by 115.2% during the 4th quarter. Blue Trust Inc. now owns 1,304 shares of the company’s stock worth $35,000 after buying an additional 698 shares during the last quarter. Eagle Bay Advisors LLC purchased a new stake in shares of Reynolds Consumer Products in the 4th quarter worth about $40,000. Capital Performance Advisors LLP acquired a new stake in Reynolds Consumer Products in the 3rd quarter valued at about $70,000. Finally, Abich Financial Wealth Management LLC increased its holdings in Reynolds Consumer Products by 21.3% during the 3rd quarter. Abich Financial Wealth Management LLC now owns 2,357 shares of the company’s stock valued at $73,000 after acquiring an additional 414 shares in the last quarter. Institutional investors and hedge funds own 26.81% of the company’s stock.

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.