Reynolds Consumer Products (NASDAQ:REYN) Sets New 12-Month Low – Time to Sell?

Shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $23.00 and last traded at $23.36, with a volume of 63594 shares traded. The stock had previously closed at $23.93.

Wall Street Analyst Weigh In

REYN has been the subject of several research reports. UBS Group reduced their price objective 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. Canaccord Genuity Group decreased their target price on shares of 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. Stifel Nicolaus lowered their price target on Reynolds Consumer Products from $32.00 to $31.00 and set a “hold” rating for the company in a research note on Thursday, February 6th. Royal Bank of Canada reissued a “sector perform” rating and set a $32.00 target price on shares of Reynolds Consumer Products in a research report on Monday, February 3rd. Finally, Evercore ISI dropped their price target on shares of 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. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $30.38.

Reynolds Consumer Products Price Performance

The company has a quick ratio of 0.99, a current ratio of 2.04 and a debt-to-equity ratio of 0.79. The company’s 50-day moving average is $24.34 and its 200-day moving average is $26.84. The stock has a market cap of $4.71 billion, a price-to-earnings ratio of 13.33 and a beta of 0.64.

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

Reynolds Consumer Products Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.23 per share. The ex-dividend date was Friday, February 14th. This represents a $0.92 dividend on an annualized basis and a yield of 4.11%. Reynolds Consumer Products’s dividend payout ratio (DPR) is presently 54.76%.

Insider Buying and Selling at Reynolds Consumer Products

In other Reynolds Consumer Products news, Director Rolf Stangl bought 6,000 shares of the stock in a transaction dated Monday, February 10th. The stock was bought at an average cost of $24.89 per share, for a total transaction of $149,340.00. Following the completion of the purchase, the director now owns 16,889 shares in the company, valued at $420,367.21. This represents a 55.10 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.15% of the company’s stock.

Institutional Investors Weigh In On Reynolds Consumer Products

A number of hedge funds have recently added to or reduced their stakes in REYN. Allspring Global Investments Holdings LLC raised its position in Reynolds Consumer Products by 1.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 13,107,822 shares of the company’s stock worth $351,564,000 after purchasing an additional 182,353 shares during the last quarter. Vanguard Group Inc. lifted its position in Reynolds Consumer Products by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 5,843,058 shares of the company’s stock valued at $157,704,000 after purchasing an additional 17,756 shares during the period. Dimensional Fund Advisors LP lifted its position in Reynolds Consumer Products by 13.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,356,040 shares of the company’s stock valued at $63,586,000 after purchasing an additional 275,601 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Reynolds Consumer Products by 13.0% in the 4th quarter. Bank of New York Mellon Corp now owns 1,211,805 shares of the company’s stock valued at $32,707,000 after purchasing an additional 139,576 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Reynolds Consumer Products by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 1,072,422 shares of the company’s stock worth $28,953,000 after buying an additional 26,664 shares during the period. Institutional investors own 26.81% of the company’s stock.

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.