Reynolds Consumer Products Inc. (NASDAQ:REYN) Director Buys $196,390.75 in Stock

Reynolds Consumer Products Inc. (NASDAQ:REYN - Get Free Report) Director Rolf Stangl acquired 7,207 shares of the company's stock in a transaction dated Friday, November 1st. The shares were bought at an average cost of $27.25 per share, with a total value of $196,390.75. Following the completion of the acquisition, the director now directly owns 7,207 shares in the company, valued at $196,390.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Reynolds Consumer Products Trading Down 1.0 %

Shares of REYN stock traded down $0.27 during mid-day trading on Monday, reaching $26.95. The stock had a trading volume of 763,434 shares, compared to its average volume of 571,040. Reynolds Consumer Products Inc. has a 52-week low of $25.60 and a 52-week high of $32.65. The company has a current ratio of 2.04, a quick ratio of 1.01 and a debt-to-equity ratio of 0.84. The stock's 50-day moving average price is $30.56 and its two-hundred day moving average price is $29.21. The firm has a market capitalization of $5.66 billion, a PE ratio of 15.40 and a beta of 0.50.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.01). Reynolds Consumer Products had a return on equity of 18.27% and a net margin of 10.03%. The business had revenue of $910.00 million for the quarter, compared to the consensus estimate of $902.88 million. During the same period in the previous year, the firm earned $0.37 EPS. The company's revenue was down 2.7% on a year-over-year basis. Equities analysts expect that Reynolds Consumer Products Inc. will post 1.69 earnings per share for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a $0.23 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.92 annualized dividend and a dividend yield of 3.41%. Reynolds Consumer Products's dividend payout ratio is presently 52.57%.

Analyst Ratings Changes

A number of equities analysts recently commented on REYN shares. Jefferies Financial Group started coverage on shares of Reynolds Consumer Products in a research report on Thursday, August 29th. They issued a "buy" rating and a $38.00 target price on the stock. JPMorgan Chase & Co. lifted their target price on shares of Reynolds Consumer Products from $29.00 to $33.00 and gave the stock a "neutral" rating in a research report on Thursday, August 8th. Canaccord Genuity Group lifted their target price on shares of Reynolds Consumer Products from $30.00 to $32.00 and gave the stock a "hold" rating in a research report on Thursday, August 8th. Barclays decreased their price objective on shares of Reynolds Consumer Products from $29.00 to $28.00 and set an "equal weight" rating on the stock in a research report on Thursday. Finally, Royal Bank of Canada boosted their price objective on shares of Reynolds Consumer Products from $31.00 to $32.00 and gave the company a "sector perform" rating in a research report on Thursday, August 8th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $32.17.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Los Angeles Capital Management LLC raised its holdings in shares of Reynolds Consumer Products by 854.9% during the third quarter. Los Angeles Capital Management LLC now owns 97,381 shares of the company's stock valued at $3,029,000 after purchasing an additional 87,183 shares during the last quarter. Covestor Ltd raised its holdings in shares of Reynolds Consumer Products by 14.8% during the third quarter. Covestor Ltd now owns 4,564 shares of the company's stock valued at $142,000 after purchasing an additional 588 shares during the last quarter. Atria Investments Inc lifted its holdings in shares of Reynolds Consumer Products by 16.1% in the 3rd quarter. Atria Investments Inc now owns 11,286 shares of the company's stock worth $351,000 after acquiring an additional 1,565 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Reynolds Consumer Products in the 3rd quarter worth about $70,000. Finally, Beacon Harbor Wealth Advisors Inc. bought a new stake in shares of Reynolds Consumer Products in the 3rd quarter worth about $5,731,000. 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.