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

Reynolds Consumer Products Inc. (NASDAQ:REYN) Director Helen Golding acquired 1,190 shares of Reynolds Consumer Products stock in a transaction on Thursday, November 14th. The shares were purchased at an average price of $27.58 per share, with a total value of $32,820.20. Following the completion of the purchase, the director now 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Reynolds Consumer Products Trading Up 0.3 %

Shares of REYN stock opened at $27.64 on Thursday. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.04 and a quick ratio of 0.89. The company has a market cap of $5.81 billion, a price-to-earnings ratio of 15.79 and a beta of 0.50. Reynolds Consumer Products Inc. has a 1 year low of $25.80 and a 1 year high of $32.65. The firm has a fifty day moving average price of $29.53 and a 200-day moving average price of $29.12.

Reynolds Consumer Products (NASDAQ:REYN) last issued 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 net margin of 10.03% and a return on equity of 18.27%. The firm had revenue of $910.00 million for the quarter, compared to analysts’ expectations of $902.88 million. During the same period in the prior year, the firm earned $0.37 EPS. Reynolds Consumer Products’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 year.

Reynolds Consumer Products Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a $0.23 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.92 annualized dividend and a yield of 3.33%. Reynolds Consumer Products’s dividend payout ratio (DPR) is 52.57%.

Hedge Funds Weigh In On Reynolds Consumer Products

A number of hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC raised its stake in Reynolds Consumer Products by 510.2% in the second quarter. GAMMA Investing LLC now owns 958 shares of the company’s stock valued at $27,000 after buying an additional 801 shares during the last quarter. True Wealth Design LLC acquired a new position in Reynolds Consumer Products during the 3rd quarter valued at approximately $29,000. Versant Capital Management Inc purchased a new position in shares of Reynolds Consumer Products in the second quarter worth $39,000. Abich Financial Wealth Management LLC acquired a new stake in shares of Reynolds Consumer Products during the second quarter worth $54,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Reynolds Consumer Products during the third quarter valued at $70,000. 26.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Reynolds Consumer Products from $29.00 to $33.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th. Barclays dropped their price target on shares of Reynolds Consumer Products from $29.00 to $28.00 and set an “equal weight” rating on the stock in a report on Thursday, October 31st. Canaccord Genuity Group raised their target price on shares of Reynolds Consumer Products from $30.00 to $32.00 and gave the stock a “hold” rating in a report on Thursday, August 8th. Royal Bank of Canada boosted their target price on shares of Reynolds Consumer Products from $31.00 to $32.00 and gave the company a “sector perform” rating in a research note on Thursday, August 8th. Finally, Jefferies Financial Group started coverage on Reynolds Consumer Products in a report on Thursday, August 29th. They set a “buy” rating and a $38.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Reynolds Consumer Products currently has an average rating of “Hold” and a consensus target price of $32.17.

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.