Reynolds Consumer Products (NASDAQ:REYN) Sets New 12-Month Low – Here’s What Happened

Reynolds Consumer Products Inc. (NASDAQ:REYN) hit a new 52-week low during trading on Friday . The company traded as low as $23.10 and last traded at $23.66, with a volume of 231 shares changing hands. The stock had previously closed at $23.64.

Analyst Ratings Changes

REYN has been the subject of a number of analyst reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $32.00 price target on shares of Reynolds Consumer Products in a report on Monday, February 3rd. Canaccord Genuity Group cut their price target on Reynolds Consumer Products from $31.00 to $30.00 and set a “hold” rating for the company in a research note on Thursday, February 6th. Evercore ISI lowered their price target on Reynolds Consumer Products from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. JPMorgan Chase & Co. dropped their price objective on Reynolds Consumer Products from $30.00 to $28.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Finally, UBS Group reduced their target price on Reynolds Consumer Products from $30.00 to $29.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $30.38.

Reynolds Consumer Products Stock Up 0.0 %

The business’s 50 day moving average price is $25.34 and its 200-day moving average price is $27.69. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.99 and a current ratio of 2.04. The firm has a market capitalization of $4.97 billion, a PE ratio of 14.11 and a beta of 0.56.

Reynolds Consumer Products (NASDAQ:REYN) last announced its earnings results on Wednesday, February 5th. The company reported $0.58 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.58. Reynolds Consumer Products had a return on equity of 17.14% and a net margin of 9.56%. As a group, equities research analysts forecast that Reynolds Consumer Products Inc. will post 1.66 earnings per share for the current year.

Reynolds Consumer Products Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.23 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.92 annualized dividend and a dividend yield of 3.89%. Reynolds Consumer Products’s dividend payout ratio (DPR) is 54.76%.

Insider Buying and Selling at Reynolds Consumer Products

In related news, Director Rolf Stangl acquired 6,000 shares of Reynolds Consumer Products stock in a transaction dated Monday, February 10th. The stock was acquired at an average price of $24.89 per share, for a total transaction of $149,340.00. Following the transaction, the director now owns 16,889 shares of the company’s stock, valued at $420,367.21. This represents a 55.10 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.15% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Reynolds Consumer Products

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ariel Investments LLC increased its stake in Reynolds Consumer Products by 6.1% in the 4th quarter. Ariel Investments LLC now owns 7,446 shares of the company’s stock valued at $201,000 after purchasing an additional 426 shares in the last quarter. Isthmus Partners LLC raised its position in shares of Reynolds Consumer Products by 0.6% during the 4th quarter. Isthmus Partners LLC now owns 87,307 shares of the company’s stock worth $2,356,000 after purchasing an additional 533 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in Reynolds Consumer Products by 4.4% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 13,432 shares of the company’s stock valued at $363,000 after buying an additional 566 shares during the last quarter. MML Investors Services LLC boosted its stake in shares of 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 acquiring an additional 641 shares during the last quarter. Finally, Blue Trust Inc. raised its position in shares of Reynolds Consumer Products by 115.2% in the fourth quarter. Blue Trust Inc. now owns 1,304 shares of the company’s stock valued at $35,000 after buying an additional 698 shares during the last quarter. Institutional investors and hedge funds 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.