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

Reynolds Consumer Products Inc. (NASDAQ:REYN) Director Rolf Stangl bought 6,000 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were acquired at an average price of $24.89 per share, for a total transaction of $149,340.00. Following the transaction, the director now owns 16,889 shares in the company, valued at $420,367.21. This represents a 55.10 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

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

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

Reynolds Consumer Products Trading Down 0.8 %

REYN opened at $24.47 on Thursday. Reynolds Consumer Products Inc. has a fifty-two week low of $24.26 and a fifty-two week high of $32.65. The firm has a market capitalization of $5.14 billion, a PE ratio of 14.57 and a beta of 0.50. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.04 and a quick ratio of 0.89. The company’s 50-day moving average is $27.08 and its 200 day moving average is $28.75.

Reynolds Consumer Products (NASDAQ:REYN) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.58 EPS for the quarter, hitting the consensus estimate of $0.58. Reynolds Consumer Products had a return on equity of 17.14% and a net margin of 9.56%. As a group, research analysts predict 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 issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date of this dividend is Friday, February 14th. Reynolds Consumer Products’s dividend payout ratio is 54.76%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Stifel Nicolaus lowered their price objective on shares of Reynolds Consumer Products from $32.00 to $31.00 and set a “hold” rating for the company in a research note on Thursday, February 6th. Barclays decreased 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 note on Thursday, February 6th. Canaccord Genuity Group cut their price objective 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. Evercore ISI reduced their target price on Reynolds Consumer Products from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. dropped their price target on 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 analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $30.38.

Institutional Trading of Reynolds Consumer Products

Institutional investors and hedge funds have recently made changes to their positions in the company. True Wealth Design LLC purchased a new position in Reynolds Consumer Products during the third quarter worth about $29,000. Blue Trust Inc. increased its stake in Reynolds Consumer Products by 115.2% in the 4th quarter. Blue Trust Inc. now owns 1,304 shares of the company’s stock valued at $35,000 after buying an additional 698 shares during the last quarter. Eagle Bay Advisors LLC bought a new position in shares of Reynolds Consumer Products during the 4th quarter worth approximately $40,000. Capital Performance Advisors LLP purchased a new position in shares of Reynolds Consumer Products in the 3rd quarter worth approximately $70,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of Reynolds Consumer Products by 667.1% in the fourth quarter. Farther Finance Advisors LLC now owns 2,585 shares of the company’s stock valued at $70,000 after acquiring an additional 2,248 shares in the last quarter. Hedge funds and other institutional investors 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.