Reynolds Consumer Products Inc. (NASDAQ:REYN) Director Acquires $32,820.20 in Stock

Reynolds Consumer Products Inc. (NASDAQ:REYN) Director Helen Golding purchased 1,190 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The shares were purchased at an average price of $27.58 per share, for a total transaction of $32,820.20. Following the transaction, the director now owns 1,190 shares of the company’s stock, valued at $32,820.20. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Reynolds Consumer Products Price Performance

Shares of REYN opened at $27.64 on Thursday. The company has a market cap of $5.81 billion, a P/E ratio of 15.79 and a beta of 0.50. Reynolds Consumer Products Inc. has a fifty-two week low of $25.80 and a fifty-two week high of $32.65. The company has a quick ratio of 0.89, a current ratio of 2.04 and a debt-to-equity ratio of 0.84. The firm’s 50 day moving average price is $29.53 and its 200 day moving average price is $29.12.

Reynolds Consumer Products (NASDAQ:REYN) last announced its quarterly earnings data 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). Reynolds Consumer Products had a net margin of 10.03% and a return on equity of 18.27%. The company had revenue of $910.00 million during the quarter, compared to analyst estimates of $902.88 million. During the same quarter in the previous year, the business posted $0.37 earnings per share. The firm’s revenue was down 2.7% on a year-over-year basis. On average, research analysts forecast that Reynolds Consumer Products Inc. will post 1.69 earnings per share for the current fiscal year.

Reynolds Consumer Products Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.33%. Reynolds Consumer Products’s payout ratio is 52.57%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on REYN shares. Barclays cut their price target on Reynolds Consumer Products from $29.00 to $28.00 and set an “equal weight” rating for the company in a research note on Thursday, October 31st. Royal Bank of Canada increased their target price on Reynolds Consumer Products from $31.00 to $32.00 and gave the company a “sector perform” rating in a research report on Thursday, August 8th. Jefferies Financial Group initiated 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 for the company. JPMorgan Chase & Co. increased their price objective on shares of Reynolds Consumer Products from $29.00 to $33.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. Finally, Canaccord Genuity Group upped their price target on shares of Reynolds Consumer Products from $30.00 to $32.00 and gave the stock a “hold” rating in a research report on Thursday, August 8th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Reynolds Consumer Products presently has an average rating of “Hold” and an average target price of $32.17.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in shares of Reynolds Consumer Products by 510.2% in the 2nd quarter. GAMMA Investing LLC now owns 958 shares of the company’s stock valued at $27,000 after purchasing an additional 801 shares during the last quarter. True Wealth Design LLC acquired a new position in shares of Reynolds Consumer Products during the 3rd quarter worth about $29,000. Versant Capital Management Inc purchased a new position in shares of Reynolds Consumer Products in the 2nd quarter valued at about $39,000. Abich Financial Wealth Management LLC purchased a new position in shares of Reynolds Consumer Products in the 2nd quarter valued at about $54,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Reynolds Consumer Products during the 3rd quarter worth about $70,000. 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.