Helen Golding Acquires 1,190 Shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) Stock

Reynolds Consumer Products Inc. (NASDAQ:REYN) Director Helen Golding acquired 1,190 shares of the business’s stock in a transaction dated Thursday, November 14th. The stock was purchased at an average price of $27.58 per share, for a total transaction of $32,820.20. Following the completion of the acquisition, the director now owns 1,190 shares in the company, valued at approximately $32,820.20. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Reynolds Consumer Products Stock Up 0.4 %

REYN opened at $27.57 on Wednesday. Reynolds Consumer Products Inc. has a 12 month low of $25.80 and a 12 month high of $32.65. The stock has a market cap of $5.79 billion, a P/E ratio of 15.75 and a beta of 0.50. The stock’s 50 day moving average price is $29.61 and its 200 day moving average price is $29.13. 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 announced its earnings results on Wednesday, October 30th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). The company had revenue of $910.00 million during the quarter, compared to the consensus estimate of $902.88 million. Reynolds Consumer Products had a net margin of 10.03% and a return on equity of 18.27%. The business’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.37 EPS. As a group, research analysts predict that Reynolds Consumer Products Inc. will post 1.69 earnings per share for the current year.

Reynolds Consumer Products Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date is Friday, November 15th. Reynolds Consumer Products’s payout ratio is 52.57%.

Analyst Upgrades and Downgrades

REYN has been the topic of several research reports. Royal Bank of Canada raised their price target on shares of Reynolds Consumer Products from $31.00 to $32.00 and gave the company a “sector perform” rating in a report on Thursday, August 8th. Canaccord Genuity Group raised 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. Barclays decreased their price target on Reynolds Consumer Products from $29.00 to $28.00 and set an “equal weight” rating for the company in a research note on Thursday, October 31st. JPMorgan Chase & Co. increased their target price 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. Finally, Jefferies Financial Group assumed coverage on Reynolds Consumer Products in a report on Thursday, August 29th. They issued a “buy” rating and a $38.00 price target on the stock. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $32.17.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its position in Reynolds Consumer Products by 510.2% during 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 period. True Wealth Design LLC purchased a new stake in shares of Reynolds Consumer Products during the 3rd quarter worth about $29,000. Versant Capital Management Inc bought a new position in shares of Reynolds Consumer Products during the 2nd quarter valued at $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 acquired a new position in Reynolds Consumer Products during the third quarter valued at approximately $70,000. 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.