Reynolds Consumer Products Inc. (NASDAQ:REYN) Director Rolf Stangl Buys 4,500 Shares

Reynolds Consumer Products Inc. (NASDAQ:REYN - Get Free Report) Director Rolf Stangl bought 4,500 shares of the firm's stock in a transaction on Friday, June 6th. The stock was purchased at an average price 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. This trade represents a 20.56% increase in their ownership of the stock. The purchase was disclosed in a filing 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 purchased 2,500 shares of Reynolds Consumer Products stock. The stock was purchased at an average price of $23.22 per share, with a total value of $58,050.00.

Reynolds Consumer Products Stock Down 0.1%

NASDAQ:REYN traded down $0.03 during trading hours on Thursday, reaching $21.72. The company's stock had a trading volume of 958,245 shares, compared to its average volume of 665,245. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.04 and a quick ratio of 0.99. The company has a market cap of $4.57 billion, a price-to-earnings ratio of 12.93 and a beta of 0.58. Reynolds Consumer Products Inc. has a one year low of $21.45 and a one year high of $32.65. The business's 50-day moving average is $22.86 and its 200-day moving average is $24.85.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last issued its quarterly earnings data 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 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 analyst estimates of $821.99 million. During the same quarter in the prior year, the firm posted $0.23 EPS. The firm's revenue for the quarter was down 1.8% on a year-over-year basis. Equities research analysts predict that Reynolds Consumer Products Inc. will post 1.66 EPS for the current year.

Reynolds Consumer Products Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were given a dividend of $0.23 per share. The ex-dividend date was Friday, May 16th. This represents a $0.92 annualized dividend and a dividend yield of 4.24%. Reynolds Consumer Products's dividend payout ratio is presently 57.50%.

Institutional Investors Weigh In On Reynolds Consumer Products

Several hedge funds have recently modified their holdings of the business. Norges Bank acquired a new stake in shares of Reynolds Consumer Products during the 4th quarter worth approximately $17,964,000. Dimensional Fund Advisors LP lifted its holdings in Reynolds Consumer Products by 13.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,356,040 shares of the company's stock valued at $63,586,000 after purchasing an additional 275,601 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Reynolds Consumer Products in the 1st quarter worth approximately $4,522,000. Jacobs Levy Equity Management Inc. grew its holdings in shares of Reynolds Consumer Products by 141.4% during the first quarter. Jacobs Levy Equity Management Inc. now owns 314,756 shares of the company's stock worth $7,510,000 after purchasing an additional 184,359 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in Reynolds Consumer Products by 1.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 13,107,822 shares of the company's stock worth $351,564,000 after acquiring an additional 182,353 shares during the last quarter. 26.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on REYN shares. Royal Bank of Canada reissued a "sector perform" rating and set a $30.00 target price on shares of Reynolds Consumer Products in a research note on Monday, April 28th. UBS Group dropped their price target on Reynolds Consumer Products from $26.00 to $25.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Truist Financial decreased their price objective on Reynolds Consumer Products from $35.00 to $30.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Stifel Nicolaus lowered their target price on 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. Finally, Canaccord Genuity Group reduced their price target on shares of Reynolds Consumer Products from $27.00 to $26.00 and set a "hold" rating for the company in a research report on Thursday, May 1st. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, Reynolds Consumer Products presently has a consensus rating of "Hold" and a consensus 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.