Reynolds Consumer Products (NASDAQ:REYN) Sets New 1-Year Low – Should You Sell?

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

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Canaccord Genuity Group lowered their price target on shares of Reynolds Consumer Products from $31.00 to $30.00 and set a “hold” rating for the company in a research report on Thursday, February 6th. Royal Bank of Canada reiterated a “sector perform” rating and set a $32.00 target price on shares of Reynolds Consumer Products in a report on Monday, February 3rd. Barclays reduced their price objective on Reynolds Consumer Products from $27.00 to $25.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Evercore ISI dropped their target price on Reynolds Consumer Products from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. Finally, JPMorgan Chase & Co. reduced their price target on Reynolds Consumer Products from $30.00 to $28.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Reynolds Consumer Products currently has a consensus rating of “Hold” and a consensus price target of $30.38.

Reynolds Consumer Products Trading Up 0.0 %

The company has a market capitalization of $4.97 billion, a P/E ratio of 14.11 and a beta of 0.56. The stock has a 50 day moving average of $25.34 and a 200-day moving average of $27.69. The company has a current ratio of 2.04, a quick ratio of 0.99 and a debt-to-equity ratio of 0.79.

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

Reynolds Consumer Products Announces Dividend

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

Insider Buying and Selling

In other Reynolds Consumer Products news, Director Rolf Stangl acquired 6,000 shares of the business’s stock in a transaction on Monday, February 10th. The shares were bought at an average price of $24.89 per share, with a total value of $149,340.00. Following the transaction, the director now directly owns 16,889 shares of the company’s stock, valued at $420,367.21. The trade was a 55.10 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 0.15% of the stock is owned by corporate insiders.

Institutional Trading of Reynolds Consumer Products

A number of large investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its stake in shares of Reynolds Consumer Products by 1.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 13,107,822 shares of the company’s stock worth $351,564,000 after acquiring an additional 182,353 shares in the last quarter. Vanguard Group Inc. grew its holdings in Reynolds Consumer Products by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 5,843,058 shares of the company’s stock worth $157,704,000 after purchasing an additional 17,756 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Reynolds Consumer Products by 13.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,356,040 shares of the company’s stock worth $63,586,000 after purchasing an additional 275,601 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Reynolds Consumer Products by 13.0% during 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 boosted its position in shares of Reynolds Consumer Products by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 1,072,422 shares of the company’s stock worth $28,953,000 after purchasing an additional 26,664 shares in the last quarter. Hedge funds and other 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.