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

Reynolds Consumer Products Inc. (NASDAQ:REYN) Director Helen Golding bought 1,190 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were acquired 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 directly owns 1,190 shares in the company, valued at $32,820.20. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Reynolds Consumer Products Stock Up 0.9 %

NASDAQ:REYN opened at $27.47 on Tuesday. The company has a market capitalization of $5.77 billion, a price-to-earnings ratio of 15.70 and a beta of 0.50. The stock has a 50-day simple moving average of $29.70 and a 200 day simple moving average of $29.13. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 2.04. Reynolds Consumer Products Inc. has a one year low of $25.80 and a one year high of $32.65.

Reynolds Consumer Products (NASDAQ:REYN) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $910.00 million for the quarter, compared to analyst estimates of $902.88 million. During the same quarter in the previous year, the company posted $0.37 earnings per share. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. Sell-side 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 disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.92 annualized dividend and a dividend yield of 3.35%. Reynolds Consumer Products’s dividend payout ratio is presently 52.57%.

Hedge Funds Weigh In On Reynolds Consumer Products

A number of institutional investors and hedge funds have recently added to or reduced their stakes in REYN. True Wealth Design LLC acquired a new position in Reynolds Consumer Products during the 3rd quarter worth $29,000. GAMMA Investing LLC grew its position in 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 buying an additional 801 shares in the last quarter. Versant Capital Management Inc acquired a new position in Reynolds Consumer Products during the 2nd quarter valued at about $39,000. Abich Financial Wealth Management LLC bought a new stake in shares of Reynolds Consumer Products during the 2nd quarter worth about $54,000. Finally, Capital Performance Advisors LLP bought a new position in shares of Reynolds Consumer Products in the third quarter valued at approximately $70,000. 26.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. 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 report on Thursday, October 31st. Jefferies Financial Group started coverage on shares of Reynolds Consumer Products in a research note on Thursday, August 29th. They set a “buy” rating and a $38.00 price target on the stock. Canaccord Genuity Group lifted their price objective on Reynolds Consumer Products from $30.00 to $32.00 and gave the company a “hold” rating in a research note on Thursday, August 8th. JPMorgan Chase & Co. lifted their target price 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, Royal Bank of Canada upped their price target on Reynolds Consumer Products from $31.00 to $32.00 and gave the stock a “sector perform” rating in a report on Thursday, August 8th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Reynolds Consumer Products presently has an average rating of “Hold” and an average target price of $32.17.

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.