Reynolds Consumer Products Inc. (NASDAQ:REYN - Get Free Report) Director Rolf Stangl acquired 3,682 shares of the business's stock in a transaction dated Thursday, December 19th. The stock was purchased at an average cost of $27.50 per share, for a total transaction of $101,255.00. Following the completion of the acquisition, the director now directly owns 10,889 shares of the company's stock, valued at approximately $299,447.50. This trade represents a 51.09 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at 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 shares were purchased at an average cost of $27.25 per share, with a total value of $196,390.75.
Reynolds Consumer Products Price Performance
NASDAQ:REYN opened at $27.46 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.04 and a quick ratio of 0.89. The company has a 50 day moving average price of $28.27 and a 200-day moving average price of $28.98. Reynolds Consumer Products Inc. has a 1-year low of $26.45 and a 1-year high of $32.65. The firm has a market cap of $5.77 billion, a price-to-earnings ratio of 15.69 and a beta of 0.50.
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Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.41 EPS 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 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 firm's quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.37 EPS. Equities research analysts forecast that Reynolds Consumer Products Inc. will post 1.69 EPS for the current year.
Reynolds Consumer Products Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a $0.23 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.92 dividend on an annualized basis and a yield of 3.35%. Reynolds Consumer Products's payout ratio is 52.57%.
Hedge Funds Weigh In On Reynolds Consumer Products
Hedge funds have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Reynolds Consumer Products during the 2nd quarter valued at approximately $357,000. Envestnet Portfolio Solutions Inc. raised its position in shares of Reynolds Consumer Products by 45.4% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 11,784 shares of the company's stock worth $330,000 after purchasing an additional 3,677 shares during the last quarter. Ceredex Value Advisors LLC lifted its stake in Reynolds Consumer Products by 0.6% in the 2nd quarter. Ceredex Value Advisors LLC now owns 347,624 shares of the company's stock valued at $9,727,000 after buying an additional 2,000 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Reynolds Consumer Products by 7.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,006,647 shares of the company's stock worth $28,166,000 after buying an additional 66,826 shares during the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. boosted its holdings in Reynolds Consumer Products by 0.9% in the 2nd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 134,580 shares of the company's stock worth $3,766,000 after buying an additional 1,200 shares during the last quarter. Hedge funds and other institutional investors own 26.81% of the company's stock.
Analysts Set New Price Targets
Several brokerages have commented on REYN. Jefferies Financial Group began coverage on shares of Reynolds Consumer Products in a research note on Thursday, August 29th. They set a "buy" rating and a $38.00 price objective for the company. Barclays decreased their target price on shares of Reynolds Consumer Products from $29.00 to $28.00 and set an "equal weight" rating for the company in a research report on Thursday, October 31st. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $32.17.
Check Out Our Latest Stock Report on REYN
Reynolds Consumer Products Company Profile
(
Get Free Report)
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.
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