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

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

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

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

Reynolds Consumer Products Stock Up 0.5%

Shares of NASDAQ REYN traded up $0.11 during mid-day trading on Monday, reaching $21.52. The company had a trading volume of 769,245 shares, compared to its average volume of 683,003. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.72 and a current ratio of 1.80. Reynolds Consumer Products Inc. has a twelve month low of $20.91 and a twelve month high of $32.65. The stock's 50 day moving average is $22.60 and its 200-day moving average is $24.49. The stock has a market capitalization of $4.53 billion, a PE ratio of 13.45 and a beta of 0.58.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) 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. The company had revenue of $801.00 million for the quarter, compared to analyst estimates of $821.99 million. Reynolds Consumer Products had a return on equity of 16.87% and a net margin of 9.11%. The business's revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.23 EPS. As a group, equities analysts anticipate that Reynolds Consumer Products Inc. will post 1.66 earnings per share for the current fiscal year.

Reynolds Consumer Products Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date of this dividend was Friday, May 16th. Reynolds Consumer Products's dividend payout ratio (DPR) is presently 57.50%.

Analysts Set New Price Targets

Several brokerages have commented on REYN. Canaccord Genuity Group decreased their target price on shares of Reynolds Consumer Products from $27.00 to $26.00 and set a "hold" rating for the company in a report on Thursday, May 1st. Wall Street Zen upgraded shares of Reynolds Consumer Products from a "sell" rating to a "hold" rating in a research report on Friday, May 30th. UBS Group lowered their price objective on shares of 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. 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. Finally, Stifel Nicolaus lowered their price target on Reynolds Consumer Products from $31.00 to $27.00 and set a "hold" rating on the stock in a report on Thursday, April 10th. Seven research analysts have rated the stock with a hold rating and three have given 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 price target of $28.33.

Institutional Trading of Reynolds Consumer Products

Several large investors have recently added to or reduced their stakes in REYN. Ariel Investments LLC raised its holdings in shares of Reynolds Consumer Products by 6.1% during the 4th quarter. Ariel Investments LLC now owns 7,446 shares of the company's stock valued at $201,000 after purchasing an additional 426 shares in the last quarter. Covestor Ltd increased its position in Reynolds Consumer Products by 12.3% during the first quarter. Covestor Ltd now owns 4,670 shares of the company's stock worth $111,000 after buying an additional 513 shares during the last quarter. Isthmus Partners LLC increased its position in Reynolds Consumer Products by 0.6% during the fourth quarter. Isthmus Partners LLC now owns 87,307 shares of the company's stock worth $2,356,000 after buying an additional 533 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in Reynolds Consumer Products by 4.4% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 13,432 shares of the company's stock valued at $363,000 after buying an additional 566 shares in the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of Reynolds Consumer Products by 38.1% in the first quarter. Versant Capital Management Inc now owns 2,543 shares of the company's stock worth $61,000 after buying an additional 701 shares during the last quarter. 26.81% of the stock is owned by institutional investors.

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.