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

Reynolds Consumer Products Inc. (NASDAQ:REYN) Director Rolf Stangl acquired 3,682 shares of Reynolds Consumer Products stock in a transaction on Thursday, December 19th. The shares were purchased at an average price of $27.50 per share, with a total value of $101,255.00. Following the completion of the purchase, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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 purchased at an average cost of $27.25 per share, with a total value of $196,390.75.

Reynolds Consumer Products Stock Performance

Reynolds Consumer Products stock traded up $0.07 during mid-day trading on Thursday, reaching $27.46. 491,916 shares of the stock traded hands, compared to its average volume of 571,165. The stock has a market capitalization of $5.77 billion, a PE ratio of 15.69 and a beta of 0.50. 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 business’s 50-day moving average is $28.31 and its 200-day moving average is $28.99. Reynolds Consumer Products Inc. has a 12-month low of $26.45 and a 12-month high of $32.65.

Reynolds Consumer Products (NASDAQ:REYN) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.41 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $902.88 million. During the same period in the previous year, the business posted $0.37 EPS. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. As a group, sell-side analysts predict that Reynolds Consumer Products Inc. will post 1.69 EPS for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a $0.23 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.92 annualized dividend and a dividend yield of 3.35%. Reynolds Consumer Products’s dividend payout ratio (DPR) is 52.57%.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Barclays cut their target price on Reynolds Consumer Products from $29.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 31st. Jefferies Financial Group started coverage on Reynolds Consumer Products in a report on Thursday, August 29th. They issued a “buy” rating and a $38.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Reynolds Consumer Products presently has an average rating of “Hold” and a consensus price target of $32.17.

Hedge Funds Weigh In On Reynolds Consumer Products

Institutional investors have recently bought and sold shares of the stock. True Wealth Design LLC purchased a new stake in Reynolds Consumer Products in the third quarter worth about $29,000. Abich Financial Wealth Management LLC bought a new position in shares of Reynolds Consumer Products during the 2nd quarter valued at approximately $54,000. Capital Performance Advisors LLP purchased a new stake in Reynolds Consumer Products in the 3rd quarter worth approximately $70,000. Venturi Wealth Management LLC raised its stake in Reynolds Consumer Products by 93.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,561 shares of the company’s stock worth $80,000 after acquiring an additional 1,239 shares during the period. Finally, nVerses Capital LLC purchased a new position in Reynolds Consumer Products during the second quarter valued at approximately $90,000. 26.81% of the stock is owned by 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.