Reynolds Consumer Products (NASDAQ:REYN) Sets New 1-Year Low – Time to Sell?

Shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $26.49 and last traded at $26.59, with a volume of 229818 shares changing hands. The stock had previously closed at $26.82.

Wall Street Analyst Weigh In

Separately, Barclays cut their price target on Reynolds Consumer Products from $29.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 31st. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $32.17.

Reynolds Consumer Products Stock Down 0.8 %

The company has a market cap of $5.59 billion, a P/E ratio of 15.21 and a beta of 0.50. The company’s 50-day moving average is $27.66 and its two-hundred day moving average is $28.91. 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 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 return on equity of 18.27% and a net margin of 10.03%. The business had revenue of $910.00 million during the quarter, compared to analysts’ expectations of $902.88 million. During the same quarter in the prior year, the firm earned $0.37 EPS. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. As a group, equities analysts predict that Reynolds Consumer Products Inc. will post 1.69 earnings per share for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 3.46%. The ex-dividend date of this dividend was Friday, November 15th. Reynolds Consumer Products’s dividend payout ratio is currently 52.57%.

Insider Transactions at Reynolds Consumer Products

In other news, Director Helen Golding bought 1,190 shares of the stock in a transaction on Thursday, November 14th. The shares were bought at an average price of $27.58 per share, with a total value of $32,820.20. Following the completion of the acquisition, the director now owns 1,190 shares in the company, valued at $32,820.20. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Rolf Stangl purchased 3,682 shares of the business’s stock in a transaction on Thursday, December 19th. The shares were purchased at an average price of $27.50 per share, with a total value of $101,255.00. Following the completion of the purchase, the director now owns 10,889 shares in the company, valued at approximately $299,447.50. This trade represents a 51.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 12,079 shares of company stock worth $330,466 over the last three months. 0.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. True Wealth Design LLC bought a new position in shares of Reynolds Consumer Products during the 3rd quarter valued at approximately $29,000. Abich Financial Wealth Management LLC purchased a new position in Reynolds Consumer Products during the second quarter valued at approximately $54,000. Capital Performance Advisors LLP bought a new position in shares of Reynolds Consumer Products in the third quarter worth approximately $70,000. Venturi Wealth Management LLC increased its stake in shares of Reynolds Consumer Products by 93.7% in the third quarter. Venturi Wealth Management LLC now owns 2,561 shares of the company’s stock worth $80,000 after purchasing an additional 1,239 shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in shares of Reynolds Consumer Products during the 3rd quarter valued at $90,000. 26.81% of the stock is currently owned by institutional investors.

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.