Insider Buying: Reynolds Consumer Products Inc. (NASDAQ:REYN) Director Acquires 4,500 Shares of Stock

Reynolds Consumer Products Inc. (NASDAQ:REYN) Director Rolf Stangl bought 4,500 shares of the stock in a transaction that occurred on Friday, June 20th. The stock was bought at an average cost of $21.24 per share, for a total transaction of $95,580.00. Following the transaction, the director now owns 30,889 shares of the company’s stock, valued at $656,082.36. The trade was a 17.05% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, June 6th, Rolf Stangl bought 4,500 shares of Reynolds Consumer Products stock. The stock was bought at an average cost of $21.70 per share, for a total transaction of $97,650.00.
• On Tuesday, May 6th, Rolf Stangl bought 2,500 shares of Reynolds Consumer Products stock. The stock was bought at an average cost of $23.22 per share, for a total transaction of $58,050.00.

Reynolds Consumer Products Stock Up 1.7%

Shares of REYN opened at $21.41 on Friday. Reynolds Consumer Products Inc. has a 52 week low of $20.91 and a 52 week high of $32.65. The firm has a market cap of $4.50 billion, a P/E ratio of 13.38 and a beta of 0.58. The firm’s 50-day simple moving average is $22.60 and its 200 day simple moving average is $24.54. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.72 and a current ratio of 1.80.

Reynolds Consumer Products (NASDAQ:REYN) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.23 EPS for the quarter, meeting analysts’ consensus estimates of $0.23. Reynolds Consumer Products had a net margin of 9.11% and a return on equity of 16.87%. The business had revenue of $801.00 million for the quarter, compared to analyst estimates of $821.99 million. During the same quarter in the prior year, the business earned $0.23 EPS. Reynolds Consumer Products’s quarterly revenue was down 1.8% on a year-over-year basis. On average, analysts forecast that Reynolds Consumer Products Inc. will post 1.66 earnings per share for the current year.

Reynolds Consumer Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date was Friday, May 16th. Reynolds Consumer Products’s dividend payout ratio is currently 57.50%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Royal Bank Of Canada restated a “sector perform” rating and set a $30.00 price objective on shares of Reynolds Consumer Products in a research note on Monday, April 28th. Truist Financial lowered their price objective on shares of Reynolds Consumer Products from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Stifel Nicolaus lowered their price objective 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. UBS Group lowered their price objective on shares of Reynolds Consumer Products from $26.00 to $25.00 and set a “neutral” rating on the stock in a research note on Thursday, May 1st. Finally, Canaccord Genuity Group lowered their price objective on shares of Reynolds Consumer Products from $27.00 to $26.00 and set a “hold” rating on the stock in a research note on Thursday, May 1st. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Reynolds Consumer Products has an average rating of “Hold” and an average price target of $28.33.

Institutional Trading of Reynolds Consumer Products

A number of institutional investors have recently bought and sold shares of REYN. Venturi Wealth Management LLC boosted its holdings in Reynolds Consumer Products by 36.0% in the 4th quarter. Venturi Wealth Management LLC now owns 3,482 shares of the company’s stock valued at $94,000 after purchasing an additional 921 shares during the period. Global Retirement Partners LLC boosted its holdings in Reynolds Consumer Products by 29.5% in the 4th quarter. Global Retirement Partners LLC now owns 6,953 shares of the company’s stock valued at $188,000 after purchasing an additional 1,584 shares during the period. Ieq Capital LLC boosted its holdings in Reynolds Consumer Products by 300.6% in the 4th quarter. Ieq Capital LLC now owns 30,657 shares of the company’s stock valued at $827,000 after purchasing an additional 23,005 shares during the period. Hussman Strategic Advisors Inc. bought a new stake in Reynolds Consumer Products in the 4th quarter valued at about $1,134,000. Finally, Bank of New York Mellon Corp boosted its holdings in Reynolds Consumer Products by 13.0% in the 4th quarter. Bank of New York Mellon Corp now owns 1,211,805 shares of the company’s stock valued at $32,707,000 after purchasing an additional 139,576 shares during the period. Institutional investors own 26.81% of the company’s stock.

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.