Insider Buying: Reynolds Consumer Products Inc. (NASDAQ:REYN) Director Purchases 6,000 Shares of Stock

Reynolds Consumer Products Inc. (NASDAQ:REYN - Get Free Report) Director Rolf Stangl purchased 6,000 shares of the company's stock in a transaction on Monday, February 10th. The shares were purchased at an average cost of $24.89 per share, with a total value of $149,340.00. Following the purchase, the director now owns 16,889 shares of the company's stock, valued at approximately $420,367.21. The trade was a 55.10 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Thursday, December 19th, Rolf Stangl purchased 3,682 shares of Reynolds Consumer Products stock. The shares were purchased at an average cost of $27.50 per share, with a total value of $101,255.00.

Reynolds Consumer Products Trading Down 2.9 %

NASDAQ:REYN traded down $0.71 during mid-day trading on Friday, reaching $23.94. 713,836 shares of the company's stock traded hands, compared to its average volume of 523,893. Reynolds Consumer Products Inc. has a 12-month low of $23.88 and a 12-month high of $32.65. The firm has a market capitalization of $5.03 billion, a price-to-earnings ratio of 14.25 and a beta of 0.50. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.04 and a quick ratio of 0.89. The company has a 50 day moving average price of $26.88 and a 200-day moving average price of $28.67.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last posted its 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 return on equity of 17.14% and a net margin of 9.56%. On average, sell-side analysts predict that Reynolds Consumer Products Inc. will post 1.66 earnings per share for the current year.

Reynolds Consumer Products Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued 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 dividend yield of 3.84%. Reynolds Consumer Products's dividend payout ratio (DPR) is 54.76%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on REYN shares. JPMorgan Chase & Co. lowered their target price on Reynolds Consumer Products from $30.00 to $28.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. Evercore ISI lowered their target price on Reynolds Consumer Products from $33.00 to $30.00 and set an "outperform" rating for the company in a research note on Thursday, February 6th. UBS Group lowered their target price on Reynolds Consumer Products from $30.00 to $29.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. Stifel Nicolaus lowered their target price on Reynolds Consumer Products from $32.00 to $31.00 and set a "hold" rating for the company in a research note on Thursday, February 6th. Finally, Canaccord Genuity Group lowered their target price on Reynolds Consumer Products from $31.00 to $30.00 and set a "hold" rating for the company in a research note on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Reynolds Consumer Products presently has an average rating of "Hold" and an average target price of $30.38.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Northern Trust Corp grew its holdings in shares of Reynolds Consumer Products by 49.1% during the 4th quarter. Northern Trust Corp now owns 350,398 shares of the company's stock worth $9,457,000 after acquiring an additional 115,399 shares during the period. Quarry LP grew its stake in shares of 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 buying an additional 1,649 shares during the last quarter. Voya Investment Management LLC grew its stake in shares of Reynolds Consumer Products by 4.6% in the 4th quarter. Voya Investment Management LLC now owns 43,462 shares of the company's stock worth $1,173,000 after buying an additional 1,907 shares during the last quarter. Penn Capital Management Company LLC grew its stake in shares of Reynolds Consumer Products by 91.8% in the 4th quarter. Penn Capital Management Company LLC now owns 17,868 shares of the company's stock worth $482,000 after buying an additional 8,551 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Reynolds Consumer Products by 19.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,168 shares of the company's stock worth $464,000 after buying an additional 2,837 shares during the last quarter. Hedge funds and other 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.