Insider Buying: Reynolds Consumer Products Inc. (NASDAQ:REYN) Director Buys 6,000 Shares of Stock

Reynolds Consumer Products Inc. (NASDAQ:REYN) Director Rolf Stangl acquired 6,000 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was purchased at an average cost of $24.89 per share, with a total value of $149,340.00. Following the completion of the transaction, the director now owns 16,889 shares in the company, valued at $420,367.21. The trade was a 55.10 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

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

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

Reynolds Consumer Products Price Performance

NASDAQ REYN opened at $24.65 on Friday. The stock has a market capitalization of $5.18 billion, a P/E ratio of 14.67 and a beta of 0.50. Reynolds Consumer Products Inc. has a 1 year low of $24.26 and a 1 year high of $32.65. The business’s fifty day moving average is $27.02 and its two-hundred day moving average is $28.72. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.89 and a current ratio of 2.04.

Reynolds Consumer Products (NASDAQ:REYN) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.58 EPS for the quarter, hitting analysts’ consensus estimates of $0.58. Reynolds Consumer Products had a net margin of 9.56% and a return on equity of 17.14%. On average, research analysts forecast that Reynolds Consumer Products Inc. will post 1.66 earnings per share for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date is Friday, February 14th. Reynolds Consumer Products’s dividend payout ratio is 54.76%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on REYN shares. Stifel Nicolaus decreased 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 report on Thursday, February 6th. Canaccord Genuity Group reduced their price target 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. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $32.00 price target on shares of Reynolds Consumer Products in a research report on Monday, February 3rd. Evercore ISI reduced their price target on shares of Reynolds Consumer Products from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. Finally, UBS Group reduced their price target on shares of Reynolds Consumer Products from $30.00 to $29.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $30.38.

Hedge Funds Weigh In On Reynolds Consumer Products

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its stake in Reynolds Consumer Products by 1.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 13,107,822 shares of the company’s stock worth $351,564,000 after purchasing an additional 182,353 shares during the period. Vanguard Group Inc. boosted its stake in shares of Reynolds Consumer Products by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 5,843,058 shares of the company’s stock valued at $157,704,000 after buying an additional 17,756 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Reynolds Consumer Products by 13.0% during 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 buying an additional 139,576 shares during the period. Geode Capital Management LLC boosted its stake in shares of Reynolds Consumer Products by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 1,072,422 shares of the company’s stock valued at $28,953,000 after buying an additional 26,664 shares during the period. Finally, Sei Investments Co. boosted its stake in shares of Reynolds Consumer Products by 13.7% during the 4th quarter. Sei Investments Co. now owns 766,463 shares of the company’s stock valued at $20,687,000 after buying an additional 92,473 shares during the period. Institutional investors and hedge funds 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.