Chris Mayrhofer Buys 5,048 Shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) Stock

Reynolds Consumer Products Inc. (NASDAQ:REYN - Get Free Report) CAO Chris Mayrhofer acquired 5,048 shares of the business's stock in a transaction dated Friday, May 30th. The stock was acquired at an average price of $21.99 per share, for a total transaction of $111,005.52. Following the completion of the transaction, the chief accounting officer now owns 23,266 shares in the company, valued at approximately $511,619.34. The trade was a 27.71% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Chris Mayrhofer also recently made the following trade(s):

• On Thursday, May 29th, Chris Mayrhofer acquired 18,218 shares of Reynolds Consumer Products stock. The stock was acquired at an average price of $22.14 per share, for a total transaction of $403,346.52.

Reynolds Consumer Products Stock Performance

Reynolds Consumer Products stock remained flat at $21.90 during mid-day trading on Tuesday. The company's stock had a trading volume of 1,337,658 shares, compared to its average volume of 648,873. The company has a quick ratio of 0.99, a current ratio of 2.04 and a debt-to-equity ratio of 0.79. The business has a 50 day simple moving average of $23.15 and a 200 day simple moving average of $25.10. Reynolds Consumer Products Inc. has a twelve month low of $21.50 and a twelve month high of $32.65. The company has a market capitalization of $4.61 billion, a P/E ratio of 13.04 and a beta of 0.61.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.23 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 business had revenue of $801.00 million for the quarter, compared to the consensus estimate of $821.99 million. During the same period in the previous year, the company posted $0.23 earnings per share. The company's revenue for the quarter was down 1.8% compared to the same quarter last year. Equities research analysts anticipate 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. Shareholders of record on Friday, May 16th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 4.20%. The ex-dividend date was Friday, May 16th. Reynolds Consumer Products's dividend payout ratio (DPR) is 57.50%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on REYN shares. Royal Bank of Canada restated a "sector perform" rating and set a $30.00 price target on shares of Reynolds Consumer Products in a research report on Monday, April 28th. JPMorgan Chase & Co. dropped their price target on Reynolds Consumer Products from $26.00 to $24.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Canaccord Genuity Group dropped their price target on Reynolds Consumer Products from $27.00 to $26.00 and set a "hold" rating on the stock in a research report on Thursday, May 1st. Wall Street Zen upgraded Reynolds Consumer Products from a "sell" rating to a "hold" rating in a research report on Friday. Finally, Stifel Nicolaus dropped their price target on Reynolds Consumer Products from $31.00 to $27.00 and set a "hold" rating on the stock in a research report on Thursday, April 10th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $28.33.

Institutional Investors Weigh In On Reynolds Consumer Products

Several hedge funds have recently added to or reduced their stakes in REYN. Blue Trust Inc. lifted its holdings in shares of Reynolds Consumer Products by 115.2% during 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 in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Reynolds Consumer Products by 38.1% during the first quarter. Versant Capital Management Inc now owns 2,543 shares of the company's stock valued at $61,000 after purchasing an additional 701 shares in the last quarter. Quarry LP lifted its holdings in shares of Reynolds Consumer Products by 187.0% during the fourth quarter. Quarry LP now owns 2,531 shares of the company's stock valued at $68,000 after purchasing an additional 1,649 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Reynolds Consumer Products by 667.1% during the fourth quarter. Farther Finance Advisors LLC now owns 2,585 shares of the company's stock valued at $70,000 after purchasing an additional 2,248 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Reynolds Consumer Products by 36.0% during the fourth 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 in the last quarter. 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.