Reynolds Consumer Products Inc. (NASDAQ:REYN) Director Helen Golding Buys 1,190 Shares of Stock

Reynolds Consumer Products Inc. (NASDAQ:REYN) Director Helen Golding purchased 1,190 shares of the stock in a transaction on Thursday, November 14th. The stock was acquired at an average cost of $27.58 per share, with a total value of $32,820.20. Following the acquisition, the director now owns 1,190 shares of the company’s stock, valued at approximately $32,820.20. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Reynolds Consumer Products Trading Up 0.9 %

Shares of Reynolds Consumer Products stock opened at $27.47 on Tuesday. 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 stock’s 50 day simple moving average is $29.70 and its 200-day simple moving average is $29.13. The stock has a market cap of $5.77 billion, a P/E ratio of 15.70 and a beta of 0.50. Reynolds Consumer Products Inc. has a 1-year low of $25.80 and a 1-year high of $32.65.

Reynolds Consumer Products (NASDAQ:REYN) last posted its quarterly 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). Reynolds Consumer Products had a net margin of 10.03% and a return on equity of 18.27%. The firm had revenue of $910.00 million during the quarter, compared to analysts’ expectations of $902.88 million. During the same period last year, the company earned $0.37 EPS. The business’s quarterly revenue was down 2.7% on a year-over-year basis. Analysts predict that Reynolds Consumer Products Inc. will post 1.69 EPS for the current fiscal year.

Reynolds Consumer Products Announces Dividend

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

Institutional Trading of Reynolds Consumer Products

Large investors have recently modified their holdings of the stock. Envestnet Portfolio Solutions Inc. acquired a new position in Reynolds Consumer Products in the first quarter valued at approximately $232,000. Vanguard Group Inc. grew its stake in shares of Reynolds Consumer Products by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 5,663,147 shares of the company’s stock valued at $161,739,000 after purchasing an additional 29,838 shares during the last quarter. Acadian Asset Management LLC grew its position in Reynolds Consumer Products by 994.7% in the 1st quarter. Acadian Asset Management LLC now owns 212,694 shares of the company’s stock valued at $6,068,000 after buying an additional 193,265 shares during the last quarter. Covestor Ltd increased its stake in shares of Reynolds Consumer Products by 15.8% during the first quarter. Covestor Ltd now owns 3,520 shares of the company’s stock worth $101,000 after acquiring an additional 480 shares during the period. Finally, Ariel Investments LLC increased its position in Reynolds Consumer Products by 7.0% during the 1st quarter. Ariel Investments LLC now owns 7,136 shares of the company’s stock worth $204,000 after purchasing an additional 466 shares during the period. Hedge funds and other institutional investors own 26.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on REYN shares. Barclays dropped 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 report on Thursday, October 31st. Jefferies Financial Group started coverage on Reynolds Consumer Products in a research report on Thursday, August 29th. They issued a “buy” rating and a $38.00 price objective on the stock. Canaccord Genuity Group lifted their target price on shares of Reynolds Consumer Products from $30.00 to $32.00 and gave the company a “hold” rating in a report on Thursday, August 8th. Royal Bank of Canada increased their target price on shares of 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. Finally, JPMorgan Chase & Co. lifted their price target on Reynolds Consumer Products from $29.00 to $33.00 and gave the company a “neutral” rating in a research note on Thursday, August 8th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Reynolds Consumer Products currently has a consensus rating of “Hold” and an average price target 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.