Insider Buying: Reynolds Consumer Products Inc. (NASDAQ:REYN) Director Buys $149,340.00 in Stock

Reynolds Consumer Products Inc. (NASDAQ:REYN) Director Rolf Stangl bought 6,000 shares of Reynolds Consumer Products stock in a transaction that occurred on Monday, February 10th. The stock was bought at an average cost of $24.89 per share, for a total transaction of $149,340.00. Following the purchase, the director now owns 16,889 shares in the company, valued at $420,367.21. This represents a 55.10 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Thursday, December 19th, Rolf Stangl bought 3,682 shares of Reynolds Consumer Products stock. The stock was bought at an average cost of $27.50 per share, for a total transaction of $101,255.00.

Reynolds Consumer Products Trading Up 0.7 %

REYN stock opened at $24.65 on Friday. The company has a market cap of $5.18 billion, a price-to-earnings ratio of 14.67 and a beta of 0.50. The company has a quick ratio of 0.89, a current ratio of 2.04 and a debt-to-equity ratio of 0.79. The business has a fifty day simple moving average of $27.02 and a 200-day simple moving average of $28.72. Reynolds Consumer Products Inc. has a 52 week low of $24.26 and a 52 week high of $32.65.

Reynolds Consumer Products (NASDAQ:REYN) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.58 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.58. Reynolds Consumer Products had a net margin of 9.56% and a return on equity of 17.14%. On average, equities research analysts expect that Reynolds Consumer Products Inc. will post 1.66 EPS for the current year.

Reynolds Consumer Products Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.92 dividend on an annualized basis and a yield of 3.73%. Reynolds Consumer Products’s dividend payout ratio (DPR) is 54.76%.

Wall Street Analysts Forecast Growth

REYN has been the topic of a number of recent research reports. JPMorgan Chase & Co. reduced their target price on Reynolds Consumer Products from $30.00 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $32.00 price target on shares of Reynolds Consumer Products in a report on Monday, February 3rd. Barclays cut their price target on Reynolds Consumer Products from $27.00 to $25.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. UBS Group cut their price target on Reynolds Consumer Products from $30.00 to $29.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Finally, Evercore ISI cut their price target on Reynolds Consumer Products from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Thursday, February 6th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Reynolds Consumer Products presently has a consensus rating of “Hold” and an average target price of $30.38.

Institutional Trading of Reynolds Consumer Products

Institutional investors have recently added to or reduced their stakes in the business. True Wealth Design LLC purchased a new stake in Reynolds Consumer Products during the 3rd quarter worth $29,000. Blue Trust Inc. boosted its position in 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 purchasing an additional 698 shares during the period. Eagle Bay Advisors LLC purchased a new stake in Reynolds Consumer Products during the 4th quarter worth $40,000. Capital Performance Advisors LLP purchased a new stake in Reynolds Consumer Products during the 3rd quarter worth $70,000. Finally, Abich Financial Wealth Management LLC boosted its position in Reynolds Consumer Products by 21.3% in the 3rd quarter. Abich Financial Wealth Management LLC now owns 2,357 shares of the company’s stock valued at $73,000 after buying an additional 414 shares during the last quarter. 26.81% of the stock is owned by hedge funds and other institutional investors.

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.