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

Reynolds Consumer Products Inc. (NASDAQ:REYN - Get Free Report) Director Rolf Stangl purchased 4,500 shares of the company's stock in a transaction that occurred on Friday, June 20th. The shares were acquired at an average price of $21.24 per share, for a total transaction of $95,580.00. Following the completion of the purchase, the director now directly owns 30,889 shares in the company, valued at $656,082.36. This represents a 17.05% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, June 6th, Rolf Stangl purchased 4,500 shares of Reynolds Consumer Products stock. The shares were acquired at an average price of $21.70 per share, for a total transaction of $97,650.00.
• On Tuesday, May 6th, Rolf Stangl bought 2,500 shares of Reynolds Consumer Products stock. The stock was purchased at an average price of $23.22 per share, for a total transaction of $58,050.00.

Reynolds Consumer Products Price Performance

Shares of NASDAQ:REYN traded up $0.35 during trading on Friday, reaching $21.41. The company had a trading volume of 1,543,676 shares, compared to its average volume of 686,141. The company has a fifty day moving average of $22.65 and a two-hundred day moving average of $24.58. The stock has a market capitalization of $4.50 billion, a P/E ratio of 13.38 and a beta of 0.58. Reynolds Consumer Products Inc. has a 12 month low of $20.91 and a 12 month high of $32.65. The company has a current ratio of 1.80, a quick ratio of 0.72 and a debt-to-equity ratio of 0.76.

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, meeting the consensus estimate of $0.23. Reynolds Consumer Products had a net margin of 9.11% and a return on equity of 16.87%. The company had revenue of $801.00 million for the quarter, compared to analyst estimates of $821.99 million. During the same quarter last year, the firm earned $0.23 EPS. The firm's quarterly revenue was down 1.8% compared to the same quarter last year. Equities research analysts forecast that Reynolds Consumer Products Inc. will post 1.66 earnings per share for the current year.

Reynolds Consumer Products Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 4.30%. The ex-dividend date of this dividend was Friday, May 16th. Reynolds Consumer Products's dividend payout ratio is currently 57.50%.

Wall Street Analyst Weigh In

Several analysts have issued reports on REYN shares. UBS Group lowered their target price on shares of Reynolds Consumer Products from $26.00 to $25.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. 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. Wall Street Zen upgraded shares of Reynolds Consumer Products from a "sell" rating to a "hold" rating in a research note on Friday, May 30th. Stifel Nicolaus lowered their target price on shares of 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, JPMorgan Chase & Co. lowered their target price on shares of Reynolds Consumer Products from $26.00 to $24.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $28.33.

Institutional Investors Weigh In On Reynolds Consumer Products

Large investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc grew its holdings in Reynolds Consumer Products by 38.1% in the 1st quarter. Versant Capital Management Inc now owns 2,543 shares of the company's stock worth $61,000 after acquiring an additional 701 shares during the last quarter. Quarry LP grew its holdings in Reynolds Consumer Products by 187.0% in the 4th quarter. Quarry LP now owns 2,531 shares of the company's stock worth $68,000 after acquiring an additional 1,649 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in Reynolds Consumer Products by 667.1% in the 4th quarter. Farther Finance Advisors LLC now owns 2,585 shares of the company's stock worth $70,000 after acquiring an additional 2,248 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in Reynolds Consumer Products by 36.0% in the 4th quarter. Venturi Wealth Management LLC now owns 3,482 shares of the company's stock worth $94,000 after acquiring an additional 921 shares during the last quarter. Finally, Covestor Ltd grew its holdings in Reynolds Consumer Products by 12.3% in the 1st quarter. Covestor Ltd now owns 4,670 shares of the company's stock worth $111,000 after acquiring an additional 513 shares during the last quarter. Institutional investors own 26.81% of the company's stock.

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.

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