Reynolds Consumer Products Inc. (NASDAQ:REYN) Director Rolf Stangl Purchases 3,682 Shares

Reynolds Consumer Products Inc. (NASDAQ:REYN - Get Free Report) Director Rolf Stangl bought 3,682 shares of the company's stock in a transaction on Thursday, December 19th. The shares were bought at an average cost of $27.50 per share, for a total transaction of $101,255.00. Following the transaction, the director now owns 10,889 shares in the company, valued at $299,447.50. The trade was a 51.09 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link.

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

• On Friday, November 1st, Rolf Stangl bought 7,207 shares of Reynolds Consumer Products stock. The stock was purchased at an average price of $27.25 per share, with a total value of $196,390.75.

Reynolds Consumer Products Stock Performance

Reynolds Consumer Products stock traded up $0.07 during midday trading on Thursday, hitting $27.46. 491,916 shares of the company were exchanged, compared to its average volume of 571,840. Reynolds Consumer Products Inc. has a fifty-two week low of $26.45 and a fifty-two week high of $32.65. The firm has a market capitalization of $5.77 billion, a PE ratio of 15.69 and a beta of 0.50. The business has a fifty day simple moving average of $28.27 and a two-hundred day simple moving average of $28.98. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 2.04.

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

Reynolds Consumer Products Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date was Friday, November 15th. Reynolds Consumer Products's dividend payout ratio (DPR) is presently 52.57%.

Hedge Funds Weigh In On Reynolds Consumer Products

A number of large investors have recently bought and sold shares of REYN. World Investment Advisors LLC purchased a new stake in shares of Reynolds Consumer Products in the third quarter valued at approximately $538,000. Barclays PLC grew its stake in Reynolds Consumer Products by 173.9% in the 3rd quarter. Barclays PLC now owns 63,121 shares of the company's stock valued at $1,963,000 after acquiring an additional 40,075 shares during the period. MML Investors Services LLC increased its holdings in Reynolds Consumer Products by 1.3% in the 3rd quarter. MML Investors Services LLC now owns 48,700 shares of the company's stock worth $1,515,000 after acquiring an additional 641 shares in the last quarter. XTX Topco Ltd acquired a new position in Reynolds Consumer Products during the third quarter worth $299,000. Finally, Jane Street Group LLC lifted its holdings in Reynolds Consumer Products by 758.9% during the third quarter. Jane Street Group LLC now owns 167,722 shares of the company's stock valued at $5,216,000 after purchasing an additional 148,194 shares in the last quarter. Institutional investors and hedge funds own 26.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on REYN. Barclays cut their price objective on Reynolds Consumer Products from $29.00 to $28.00 and set an "equal weight" rating on the stock in a report on Thursday, October 31st. Jefferies Financial Group started coverage on shares of Reynolds Consumer Products in a report on Thursday, August 29th. They issued a "buy" rating and a $38.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $32.17.

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.