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

Reynolds Consumer Products Inc. (NASDAQ:REYN) Director Rolf Stangl purchased 4,500 shares of the stock in a transaction dated Friday, June 20th. The stock was acquired at an average cost of $21.24 per share, with a total value of $95,580.00. Following the transaction, the director now directly owns 30,889 shares in the company, valued at approximately $656,082.36. This trade represents a 17.05% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

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

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

Reynolds Consumer Products Trading Up 1.7%

NASDAQ REYN opened at $21.41 on Friday. The company has a quick ratio of 0.72, a current ratio of 1.80 and a debt-to-equity ratio of 0.76. Reynolds Consumer Products Inc. has a 52 week low of $20.91 and a 52 week high of $32.65. The stock has a market capitalization of $4.50 billion, a PE ratio of 13.38 and a beta of 0.58. The firm has a 50 day moving average of $22.60 and a two-hundred day moving average of $24.52.

Reynolds Consumer Products (NASDAQ:REYN) last issued its earnings results on Wednesday, April 30th. The company reported $0.23 earnings per share (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 business had revenue of $801.00 million during the quarter, compared to analysts’ expectations of $821.99 million. During the same quarter in the prior year, the business posted $0.23 EPS. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. As a group, research analysts expect that Reynolds Consumer Products Inc. will post 1.66 EPS for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

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

Analyst Ratings Changes

Several analysts recently commented 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. Canaccord Genuity Group dropped their price target on shares of 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. UBS Group dropped 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 report on Thursday, May 1st. JPMorgan Chase & Co. dropped 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 report on Friday, April 11th. Finally, Truist Financial decreased their price target on shares of Reynolds Consumer Products from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $28.33.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Versant Capital Management Inc boosted its stake 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 worth $61,000 after purchasing an additional 701 shares during the period. Quarry LP boosted its stake in Reynolds Consumer Products by 187.0% during the 4th quarter. Quarry LP now owns 2,531 shares of the company’s stock worth $68,000 after purchasing an additional 1,649 shares during the period. Farther Finance Advisors LLC boosted its stake 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 worth $70,000 after purchasing an additional 2,248 shares during the period. Venturi Wealth Management LLC boosted its stake 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 worth $94,000 after purchasing an additional 921 shares during the period. Finally, Covestor Ltd boosted its stake in Reynolds Consumer Products by 12.3% during the 1st quarter. Covestor Ltd now owns 4,670 shares of the company’s stock worth $111,000 after purchasing an additional 513 shares during the period. Institutional investors and hedge funds own 26.81% of the company’s stock.

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.