Rolf Stangl Acquires 4,500 Shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) Stock

Reynolds Consumer Products Inc. (NASDAQ:REYN) Director Rolf Stangl purchased 4,500 shares of the business’s stock in a transaction dated Friday, June 6th. The stock was bought at an average cost of $21.70 per share, with a total value of $97,650.00. Following the completion of the acquisition, the director now owns 26,389 shares of the company’s stock, valued at approximately $572,641.30. The trade was a 20.56% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, May 6th, Rolf Stangl bought 2,500 shares of Reynolds Consumer Products stock. The stock was acquired at an average price of $23.22 per share, with a total value of $58,050.00.

Reynolds Consumer Products Price Performance

REYN stock opened at $21.92 on Wednesday. The stock has a 50-day moving average price of $22.90 and a two-hundred day moving average price of $24.87. Reynolds Consumer Products Inc. has a 12-month low of $21.45 and a 12-month high of $32.65. The company has a current ratio of 2.04, a quick ratio of 0.99 and a debt-to-equity ratio of 0.79. The company has a market cap of $4.61 billion, a PE ratio of 13.05 and a beta of 0.58.

Reynolds Consumer Products (NASDAQ:REYN) last issued its earnings results on Wednesday, April 30th. The company reported $0.23 earnings per share 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 the consensus estimate of $821.99 million. During the same quarter in the prior year, the business earned $0.23 earnings per share. The company’s revenue was down 1.8% compared to the same quarter last year. As a group, research analysts predict that Reynolds Consumer Products Inc. will post 1.66 EPS for the current year.

Reynolds Consumer Products Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 4.20%. The ex-dividend date was Friday, May 16th. Reynolds Consumer Products’s payout ratio is 57.50%.

Institutional Investors Weigh In On Reynolds Consumer Products

Several institutional investors and hedge funds have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC boosted its position in shares of Reynolds Consumer Products by 1.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 13,107,822 shares of the company’s stock worth $351,564,000 after buying an additional 182,353 shares during the period. Vanguard Group Inc. boosted its position in shares of Reynolds Consumer Products by 2.7% in the first quarter. Vanguard Group Inc. now owns 6,002,580 shares of the company’s stock worth $143,222,000 after buying an additional 159,522 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Reynolds Consumer Products by 13.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,356,040 shares of the company’s stock worth $63,586,000 after buying an additional 275,601 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Reynolds Consumer Products by 13.0% in the fourth quarter. Bank of New York Mellon Corp now owns 1,211,805 shares of the company’s stock worth $32,707,000 after buying an additional 139,576 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Reynolds Consumer Products by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 1,072,422 shares of the company’s stock worth $28,953,000 after buying an additional 26,664 shares during the period. Hedge funds and other institutional investors own 26.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. UBS Group dropped their target price 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. Stifel Nicolaus dropped their target price on Reynolds Consumer Products from $31.00 to $27.00 and set a “hold” rating for the company in a research note on Thursday, April 10th. JPMorgan Chase & Co. dropped their target price on Reynolds Consumer Products from $26.00 to $24.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $30.00 target price on shares of Reynolds Consumer Products in a research note on Monday, April 28th. Finally, Truist Financial dropped their target price on Reynolds Consumer Products from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Seven 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.com, the company has an average rating of “Hold” and an average target price of $28.33.

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.