Reynolds Consumer Products Inc. (NASDAQ:REYN) Receives Consensus Recommendation of “Hold” from Analysts

Reynolds Consumer Products Inc. (NASDAQ:REYN) has received an average rating of “Hold” from the seven ratings firms that are presently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $30.86.

Several brokerages recently weighed in on REYN. UBS Group lowered their price objective on Reynolds Consumer Products from $30.00 to $29.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. JPMorgan Chase & Co. lowered their price target on shares of Reynolds Consumer Products from $30.00 to $28.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Finally, Barclays reduced their target price on shares of Reynolds Consumer Products from $28.00 to $27.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th.

Insiders Place Their Bets

In other news, Director Helen Golding purchased 1,190 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was purchased at an average cost of $27.58 per share, with a total value of $32,820.20. Following the acquisition, the director now directly owns 1,190 shares of the company’s stock, valued at approximately $32,820.20. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Rolf Stangl acquired 3,682 shares of Reynolds Consumer Products stock in a transaction on Thursday, December 19th. The stock was acquired at an average cost of $27.50 per share, for a total transaction of $101,255.00. Following the purchase, the director now owns 10,889 shares of the company’s stock, valued at approximately $299,447.50. This represents a 51.09 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.20% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. True Wealth Design LLC bought a new stake in shares of Reynolds Consumer Products during the third quarter worth approximately $29,000. Blue Trust Inc. grew its holdings in Reynolds Consumer Products by 115.2% during the 4th quarter. Blue Trust Inc. now owns 1,304 shares of the company’s stock worth $35,000 after acquiring an additional 698 shares during the period. Eagle Bay Advisors LLC acquired a new position in shares of Reynolds Consumer Products in the 4th quarter valued at $40,000. Capital Performance Advisors LLP bought a new position in shares of Reynolds Consumer Products in the 3rd quarter worth $70,000. Finally, Abich Financial Wealth Management LLC grew its stake in shares of Reynolds Consumer Products by 21.3% during the third quarter. Abich Financial Wealth Management LLC now owns 2,357 shares of the company’s stock worth $73,000 after purchasing an additional 414 shares during the period. 26.81% of the stock is currently owned by institutional investors and hedge funds.

Reynolds Consumer Products Stock Down 0.4 %

REYN opened at $27.61 on Wednesday. The firm has a 50 day moving average price of $27.33 and a 200 day moving average price of $28.80. 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 has a 1 year low of $25.88 and a 1 year high of $32.65. The company has a market cap of $5.80 billion, a PE ratio of 15.78 and a beta of 0.50.

Reynolds Consumer Products Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.92 annualized dividend and a dividend yield of 3.33%. Reynolds Consumer Products’s dividend payout ratio (DPR) is presently 52.57%.

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.