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

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

Separately, Barclays reduced their price objective on 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.

Reynolds Consumer Products Stock Performance

Shares of REYN opened at $26.49 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. Reynolds Consumer Products has a one year low of $25.88 and a one year high of $32.65. The company’s fifty day moving average price is $27.43 and its 200 day moving average price is $28.85. The company has a market capitalization of $5.57 billion, a PE ratio of 15.14 and a beta of 0.50.

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

Reynolds Consumer Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date of this dividend was Friday, November 15th. Reynolds Consumer Products’s dividend payout ratio is presently 52.57%.

Insider Buying and Selling

In other Reynolds Consumer Products news, Director Rolf Stangl acquired 7,207 shares of Reynolds Consumer Products stock in a transaction dated Friday, November 1st. The stock was bought at an average cost of $27.25 per share, with a total value of $196,390.75. Following the acquisition, the director now owns 7,207 shares of the company’s stock, valued at approximately $196,390.75. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Helen Golding bought 1,190 shares of the firm’s stock in a transaction dated Thursday, November 14th. The shares were acquired at an average price of $27.58 per share, for a total transaction of $32,820.20. Following the completion of the transaction, the director now owns 1,190 shares in the company, valued at $32,820.20. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 12,079 shares of company stock valued at $330,466 over the last ninety days. 0.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Reynolds Consumer Products

A number of hedge funds have recently modified their holdings of REYN. True Wealth Design LLC bought a new stake in Reynolds Consumer Products in the third quarter valued at $29,000. Abich Financial Wealth Management LLC bought a new stake in shares of Reynolds Consumer Products in the 2nd quarter worth about $54,000. Capital Performance Advisors LLP bought a new stake in shares of Reynolds Consumer Products in the 3rd quarter worth about $70,000. Venturi Wealth Management LLC lifted its holdings in Reynolds Consumer Products by 93.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,561 shares of the company’s stock valued at $80,000 after purchasing an additional 1,239 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its position in Reynolds Consumer Products by 3,009.9% in the third quarter. International Assets Investment Management LLC now owns 2,830 shares of the company’s stock valued at $91,000 after buying an additional 2,739 shares in the last quarter. 26.81% of the stock is owned by institutional investors and hedge funds.

About Reynolds Consumer Products

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.