Reynolds Consumer Products Inc. (NASDAQ:REYN) Director Rolf Stangl Buys 6,000 Shares

Reynolds Consumer Products Inc. (NASDAQ:REYN) Director Rolf Stangl purchased 6,000 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was bought at an average price of $24.89 per share, with a total value of $149,340.00. Following the completion of the transaction, the director now directly owns 16,889 shares of the company’s stock, valued at approximately $420,367.21. This represents a 55.10 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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 shares were bought at an average price of $27.50 per share, for a total transaction of $101,255.00.

Reynolds Consumer Products Trading Up 0.3 %

REYN opened at $24.67 on Wednesday. The business has a fifty day moving average price of $27.14 and a 200 day moving average price of $28.78. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.04 and a quick ratio of 0.89. Reynolds Consumer Products Inc. has a 12 month low of $24.26 and a 12 month high of $32.65. The stock has a market capitalization of $5.18 billion, a price-to-earnings ratio of 14.68 and a beta of 0.50.

Reynolds Consumer Products (NASDAQ:REYN) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.58 EPS for the quarter, hitting analysts’ consensus estimates of $0.58. Reynolds Consumer Products had a return on equity of 17.14% and a net margin of 9.56%. Sell-side analysts expect that Reynolds Consumer Products Inc. will post 1.66 earnings per share for the current fiscal year.

Reynolds Consumer Products Announces Dividend

The company 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 $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date of this dividend is Friday, February 14th. Reynolds Consumer Products’s dividend payout ratio is presently 54.76%.

Wall Street Analyst Weigh In

Several research firms have recently commented on REYN. Stifel Nicolaus reduced their price target on Reynolds Consumer Products from $32.00 to $31.00 and set a “hold” rating on the stock in a report on Thursday, February 6th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $32.00 price target on shares of Reynolds Consumer Products in a research report on Monday, February 3rd. Canaccord Genuity Group decreased their target price on shares of Reynolds Consumer Products from $31.00 to $30.00 and set a “hold” rating on the stock in a research report on Thursday, February 6th. Barclays lowered their target price on shares of Reynolds Consumer Products from $27.00 to $25.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Reynolds Consumer Products from $30.00 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $30.38.

Institutional Investors Weigh In On Reynolds Consumer Products

Several institutional investors have recently modified their holdings of REYN. Creative Planning lifted its stake in Reynolds Consumer Products by 6.8% during the second quarter. Creative Planning now owns 14,902 shares of the company’s stock worth $417,000 after purchasing an additional 944 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in Reynolds Consumer Products during the second quarter worth approximately $367,000. CWM LLC lifted its position in shares of Reynolds Consumer Products by 45.5% during the 3rd quarter. CWM LLC now owns 32,088 shares of the company’s stock worth $998,000 after buying an additional 10,038 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new position in shares of Reynolds Consumer Products in the 3rd quarter valued at $212,000. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Reynolds Consumer Products by 1.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 12,925,469 shares of the company’s stock valued at $401,982,000 after buying an additional 137,083 shares during the last quarter. 26.81% of the stock is owned by hedge funds and other institutional investors.

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.