Reynolds Consumer Products Inc. (NASDAQ:REYN) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) have been assigned an average recommendation of “Hold” from the six brokerages that are currently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $32.17.

Separately, Barclays reduced their target price on shares of Reynolds Consumer Products from $29.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 31st.

Insider Transactions at Reynolds Consumer Products

In related news, Director Rolf Stangl acquired 7,207 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were acquired at an average cost of $27.25 per share, with a total value of $196,390.75. Following the transaction, the director now owns 7,207 shares of the company’s stock, valued at $196,390.75. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Helen Golding purchased 1,190 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was purchased at an average cost of $27.58 per share, for a total transaction of $32,820.20. Following the purchase, the director now directly owns 1,190 shares in the company, valued at approximately $32,820.20. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 12,079 shares of company stock valued at $330,466 over the last three months. 0.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Reynolds Consumer Products

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. World Investment Advisors LLC acquired a new stake in Reynolds Consumer Products in the 3rd quarter valued at $538,000. Barclays PLC raised its holdings in Reynolds Consumer Products by 173.9% during the third quarter. Barclays PLC now owns 63,121 shares of the company’s stock worth $1,963,000 after acquiring an additional 40,075 shares in the last quarter. MML Investors Services LLC boosted its position in Reynolds Consumer Products by 1.3% during the third quarter. MML Investors Services LLC now owns 48,700 shares of the company’s stock valued at $1,515,000 after purchasing an additional 641 shares during the last quarter. XTX Topco Ltd bought a new position in Reynolds Consumer Products in the third quarter valued at approximately $299,000. Finally, Jane Street Group LLC increased its position in shares of Reynolds Consumer Products by 758.9% during the 3rd quarter. Jane Street Group LLC now owns 167,722 shares of the company’s stock worth $5,216,000 after purchasing an additional 148,194 shares during the last quarter. 26.81% of the stock is currently owned by institutional investors and hedge funds.

Reynolds Consumer Products Price Performance

Shares of REYN stock opened at $26.59 on Friday. The stock’s fifty day simple moving average is $27.66 and its 200 day simple moving average is $28.91. Reynolds Consumer Products has a one year low of $26.49 and a one year high of $32.65. The firm has a market cap of $5.59 billion, a price-to-earnings ratio of 15.19 and a beta of 0.50. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.04 and a quick ratio of 0.89.

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

Reynolds Consumer Products Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a $0.23 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.46%. Reynolds Consumer Products’s dividend payout ratio is 52.57%.

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.