Rolf Stangl Buys 2,500 Shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) Stock

Reynolds Consumer Products Inc. (NASDAQ:REYN) Director Rolf Stangl bought 2,500 shares of the firm’s stock in a transaction dated Tuesday, May 6th. The shares were acquired at an average price of $23.22 per share, for a total transaction of $58,050.00. Following the transaction, the director now directly owns 19,389 shares in the company, valued at approximately $450,212.58. This represents a 14.80 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Monday, February 10th, Rolf Stangl acquired 6,000 shares of Reynolds Consumer Products stock. The shares were bought at an average price of $24.89 per share, with a total value of $149,340.00.

Reynolds Consumer Products Stock Performance

Reynolds Consumer Products stock opened at $23.14 on Friday. The firm has a 50 day simple moving average of $23.53 and a 200-day simple moving average of $25.79. The stock has a market cap of $4.87 billion, a price-to-earnings ratio of 13.77 and a beta of 0.61. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.04 and a quick ratio of 0.99. Reynolds Consumer Products Inc. has a 1-year low of $21.90 and a 1-year high of $32.65.

Reynolds Consumer Products (NASDAQ:REYN) last posted its earnings results on Wednesday, April 30th. The company reported $0.23 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.23. Reynolds Consumer Products had a return on equity of 17.14% and a net margin of 9.56%. The company had revenue of $801.00 million during the quarter, compared to analysts’ expectations of $821.99 million. During the same quarter last year, the firm earned $0.23 earnings per share. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. On average, analysts expect that Reynolds Consumer Products Inc. will post 1.66 EPS for the current year.

Reynolds Consumer Products Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date of this dividend is Friday, May 16th. Reynolds Consumer Products’s dividend payout ratio (DPR) is 57.50%.

Wall Street Analysts Forecast Growth

REYN has been the subject of a number of research reports. Royal Bank of Canada reissued a “sector perform” rating and set a $30.00 target price on shares of Reynolds Consumer Products in a research note on Monday, April 28th. Barclays reduced their target price on Reynolds Consumer Products from $27.00 to $25.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Evercore ISI dropped their price target on Reynolds Consumer Products from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Thursday, February 6th. UBS Group reduced their price objective on Reynolds Consumer Products from $26.00 to $25.00 and set a “neutral” rating for the company in a research note on Thursday, May 1st. Finally, Stifel Nicolaus lowered their target price on shares of Reynolds Consumer Products from $31.00 to $27.00 and set a “hold” rating on the stock in a research note on Thursday, April 10th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $28.33.

Hedge Funds Weigh In On Reynolds Consumer Products

Several large investors have recently made changes to their positions in REYN. Blue Trust Inc. raised its position in Reynolds Consumer Products by 115.2% in the fourth quarter. Blue Trust Inc. now owns 1,304 shares of the company’s stock valued at $35,000 after purchasing an additional 698 shares during the period. Eagle Bay Advisors LLC purchased a new stake in shares of Reynolds Consumer Products in the 4th quarter valued at $40,000. Versant Capital Management Inc raised its holdings in shares of Reynolds Consumer Products by 38.1% in the 1st quarter. Versant Capital Management Inc now owns 2,543 shares of the company’s stock valued at $61,000 after buying an additional 701 shares during the period. Quarry LP boosted its holdings in Reynolds Consumer Products by 187.0% during the 4th quarter. Quarry LP now owns 2,531 shares of the company’s stock valued at $68,000 after acquiring an additional 1,649 shares during the period. Finally, Farther Finance Advisors LLC grew its position in Reynolds Consumer Products by 667.1% in the 4th 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. 26.81% of the stock is currently owned by institutional investors and hedge funds.

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.