Reynolds Consumer Products Inc. (NASDAQ:REYN) Director Purchases $196,390.75 in Stock

Reynolds Consumer Products Inc. (NASDAQ:REYN) Director Rolf Stangl purchased 7,207 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were purchased at an average cost of $27.25 per share, for a total transaction of $196,390.75. Following the completion of the transaction, the director now directly owns 7,207 shares of the company’s stock, valued at $196,390.75. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Reynolds Consumer Products Stock Up 0.2 %

Shares of NASDAQ REYN opened at $27.18 on Thursday. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.04 and a quick ratio of 0.89. The stock has a market capitalization of $5.71 billion, a PE ratio of 15.53 and a beta of 0.50. Reynolds Consumer Products Inc. has a one year low of $25.60 and a one year high of $32.65. The business’s fifty day moving average price is $30.40 and its 200-day moving average price is $29.19.

Reynolds Consumer Products (NASDAQ:REYN) last issued its earnings results on Wednesday, October 30th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). Reynolds Consumer Products had a return on equity of 18.27% and a net margin of 10.03%. The business had revenue of $910.00 million for the quarter, compared to the consensus estimate of $902.88 million. During the same quarter in the prior year, the business earned $0.37 EPS. Reynolds Consumer Products’s revenue for the quarter was down 2.7% compared to the same quarter last year. On average, equities research analysts anticipate that Reynolds Consumer Products Inc. will post 1.69 EPS for the current year.

Reynolds Consumer Products Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.23 per share. The ex-dividend date is Friday, November 15th. This represents a $0.92 dividend on an annualized basis and a yield of 3.38%. Reynolds Consumer Products’s payout ratio is 52.57%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on REYN shares. Jefferies Financial Group assumed coverage on shares of Reynolds Consumer Products in a research report on Thursday, August 29th. They set a “buy” rating and a $38.00 target price on the stock. Royal Bank of Canada lifted their price target on Reynolds Consumer Products from $31.00 to $32.00 and gave the stock a “sector perform” rating in a report on Thursday, August 8th. JPMorgan Chase & Co. boosted their price objective on Reynolds Consumer Products from $29.00 to $33.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. Barclays decreased their target price on Reynolds Consumer Products from $29.00 to $28.00 and set an “equal weight” rating for the company in a research report on Thursday, October 31st. Finally, Canaccord Genuity Group boosted their price target on shares of Reynolds Consumer Products from $30.00 to $32.00 and gave the stock a “hold” rating in a report on Thursday, August 8th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Reynolds Consumer Products presently has an average rating of “Hold” and an average target price of $32.17.

Institutional Investors Weigh In On Reynolds Consumer Products

Several institutional investors have recently made changes to their positions in REYN. Allspring Global Investments Holdings LLC raised its stake in shares of Reynolds Consumer Products by 1.1% during 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 purchasing an additional 137,083 shares during the period. Vanguard Group Inc. increased its position in shares of Reynolds Consumer Products by 0.5% during the first quarter. Vanguard Group Inc. now owns 5,663,147 shares of the company’s stock valued at $161,739,000 after buying an additional 29,838 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Reynolds Consumer Products by 48.6% in the second quarter. Pacer Advisors Inc. now owns 3,890,109 shares of the company’s stock worth $108,845,000 after buying an additional 1,272,353 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Reynolds Consumer Products by 17.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,781,815 shares of the company’s stock valued at $49,859,000 after acquiring an additional 261,513 shares during the period. Finally, AQR Capital Management LLC grew its stake in Reynolds Consumer Products by 122.7% during the second quarter. AQR Capital Management LLC now owns 1,557,835 shares of the company’s stock valued at $43,588,000 after acquiring an additional 858,419 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.