Insider Buying: Reynolds Consumer Products Inc. (NASDAQ:REYN) Director Purchases 7,207 Shares of Stock

Reynolds Consumer Products Inc. (NASDAQ:REYN) Director Rolf Stangl bought 7,207 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was purchased at an average cost of $27.25 per share, for a total transaction of $196,390.75. Following the completion of the acquisition, the director now owns 7,207 shares in the company, valued at approximately $196,390.75. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Reynolds Consumer Products Stock Performance

Reynolds Consumer Products stock opened at $27.38 on Monday. The business has a 50 day moving average of $30.64 and a 200-day moving average of $29.22. The company has a market capitalization of $5.75 billion, a P/E ratio of 15.55 and a beta of 0.50. Reynolds Consumer Products Inc. has a 1 year low of $25.60 and a 1 year high of $32.65. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.04 and a quick ratio of 1.01.

Reynolds Consumer Products (NASDAQ:REYN) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.01). The business had revenue of $910.00 million during the quarter, compared to analyst estimates of $902.88 million. Reynolds Consumer Products had a net margin of 10.03% and a return on equity of 18.27%. The company’s revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.37 earnings per share. On average, equities research analysts predict that Reynolds Consumer Products Inc. will post 1.69 earnings per share for the current year.

Reynolds Consumer Products Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 3.36%. The ex-dividend date of this dividend is Friday, November 15th. Reynolds Consumer Products’s dividend payout ratio is currently 52.57%.

Institutional Investors Weigh In On Reynolds Consumer Products

Institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC raised its position in shares of Reynolds Consumer Products by 510.2% during the second quarter. GAMMA Investing LLC now owns 958 shares of the company’s stock worth $27,000 after acquiring an additional 801 shares during the last quarter. Versant Capital Management Inc acquired a new stake in Reynolds Consumer Products during the 2nd quarter valued at approximately $39,000. Abich Financial Wealth Management LLC bought a new position in Reynolds Consumer Products during the 2nd quarter worth approximately $54,000. Capital Performance Advisors LLP acquired a new position in shares of Reynolds Consumer Products in the 3rd quarter worth approximately $70,000. Finally, nVerses Capital LLC acquired a new position in shares of Reynolds Consumer Products in the 2nd quarter worth approximately $90,000. Institutional investors own 26.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Royal Bank of Canada upped their target price on Reynolds Consumer Products from $31.00 to $32.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 8th. Barclays reduced their price objective on Reynolds Consumer Products from $29.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Thursday. Canaccord Genuity Group boosted their target price on Reynolds Consumer Products from $30.00 to $32.00 and gave the stock a “hold” rating in a research note on Thursday, August 8th. JPMorgan Chase & Co. raised their price target on shares of Reynolds Consumer Products from $29.00 to $33.00 and gave the company a “neutral” rating in a research note on Thursday, August 8th. Finally, Jefferies Financial Group began coverage on shares of Reynolds Consumer Products in a research report on Thursday, August 29th. They set a “buy” rating and a $38.00 price objective for the company. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Reynolds Consumer Products presently has a consensus rating of “Hold” and a consensus target price of $32.17.

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.