Reynolds Consumer Products Inc. (NASDAQ:REYN) CAO Chris Mayrhofer Buys 18,218 Shares

Reynolds Consumer Products Inc. (NASDAQ:REYN - Get Free Report) CAO Chris Mayrhofer purchased 18,218 shares of the business's stock in a transaction on Thursday, May 29th. The shares were purchased at an average price of $22.14 per share, with a total value of $403,346.52. Following the completion of the purchase, the chief accounting officer now owns 18,218 shares in the company, valued at approximately $403,346.52. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, May 30th, Chris Mayrhofer purchased 5,048 shares of Reynolds Consumer Products stock. The shares were purchased at an average price of $21.99 per share, with a total value of $111,005.52.

Reynolds Consumer Products Price Performance

REYN stock traded down $0.10 during midday trading on Friday, hitting $22.19. The company's stock had a trading volume of 1,327,969 shares, compared to its average volume of 643,502. Reynolds Consumer Products Inc. has a 12 month low of $21.63 and a 12 month high of $32.65. 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 firm has a market capitalization of $4.67 billion, a price-to-earnings ratio of 13.21 and a beta of 0.61. The company has a 50 day moving average of $23.18 and a two-hundred day moving average of $25.15.

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

Reynolds Consumer Products Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $0.92 annualized dividend and a dividend yield of 4.15%. Reynolds Consumer Products's dividend payout ratio (DPR) is 57.50%.

Institutional Trading of Reynolds Consumer Products

Hedge funds have recently modified their holdings of the company. Blue Trust Inc. raised its holdings in shares of Reynolds Consumer Products by 115.2% during the 4th quarter. Blue Trust Inc. now owns 1,304 shares of the company's stock worth $35,000 after acquiring an additional 698 shares in the last quarter. Versant Capital Management Inc raised its holdings in Reynolds Consumer Products by 38.1% during 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 raised 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 buying an additional 1,649 shares during the period. Farther Finance Advisors LLC raised its holdings in Reynolds Consumer Products by 667.1% during the 4th quarter. Farther Finance Advisors LLC now owns 2,585 shares of the company's stock valued at $70,000 after buying an additional 2,248 shares during the period. Finally, Venturi Wealth Management LLC raised its holdings in Reynolds Consumer Products by 36.0% during the 4th quarter. Venturi Wealth Management LLC now owns 3,482 shares of the company's stock valued at $94,000 after buying an additional 921 shares during the period. 26.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Canaccord Genuity Group cut their price target on Reynolds Consumer Products from $27.00 to $26.00 and set a "hold" rating for the company in a research note on Thursday, May 1st. Stifel Nicolaus cut their price objective 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. Truist Financial cut their price objective 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. UBS Group cut 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, Evercore ISI cut their price objective on Reynolds Consumer Products from $33.00 to $30.00 and set an "outperform" rating for the company in a research note on Thursday, February 6th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $28.33.

Reynolds Consumer Products Company Profile

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.