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

Shares of Reynolds Consumer Products Inc. (NASDAQ:REYN - Get Free Report) reached a new 52-week low during trading on Thursday . The company traded as low as $20.91 and last traded at $21.06, with a volume of 1064658 shares. The stock had previously closed at $21.12.

Analyst Ratings Changes

A number of research firms recently commented on REYN. Truist Financial dropped their price target on shares of Reynolds Consumer Products from $35.00 to $30.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $30.00 price objective on shares of Reynolds Consumer Products in a research note on Monday, April 28th. Wall Street Zen raised shares of Reynolds Consumer Products from a "sell" rating to a "hold" rating in a research note on Friday, May 30th. UBS Group decreased their price objective on shares of Reynolds Consumer Products from $26.00 to $25.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. Finally, Stifel Nicolaus decreased their price target on Reynolds Consumer Products from $31.00 to $27.00 and set a "hold" rating for the company in a research note on Thursday, April 10th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $28.33.

Reynolds Consumer Products Stock Up 1.7%

The business's fifty day moving average is $22.60 and its two-hundred day moving average is $24.52. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.72 and a current ratio of 1.80. The company has a market cap of $4.50 billion, a P/E ratio of 13.38 and a beta of 0.58.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.23 earnings per share for the quarter, meeting the consensus estimate of $0.23. The firm had revenue of $801.00 million during the quarter, compared to the consensus estimate of $821.99 million. Reynolds Consumer Products had a net margin of 9.11% and a return on equity of 16.87%. The company's revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.23 earnings per share. Equities 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 disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were issued a $0.23 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $0.92 annualized dividend and a dividend yield of 4.30%. Reynolds Consumer Products's payout ratio is currently 57.50%.

Insider Activity at Reynolds Consumer Products

In other Reynolds Consumer Products news, Director Rolf Stangl acquired 2,500 shares of Reynolds Consumer Products stock in a transaction that occurred on Tuesday, May 6th. The stock was bought at an average price of $23.22 per share, with a total value of $58,050.00. Following the completion of the purchase, the director now directly owns 19,389 shares of the company's stock, valued at approximately $450,212.58. This represents a 14.80% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Chris Mayrhofer acquired 18,218 shares of Reynolds Consumer Products stock in a transaction that occurred on Thursday, May 29th. The stock was acquired at an average cost of $22.14 per share, with a total value of $403,346.52. Following the purchase, the chief accounting officer now directly owns 18,218 shares of the company's stock, valued at $403,346.52. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 34,766 shares of company stock worth $765,632 over the last three months. 0.15% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Ariel Investments LLC increased its position in Reynolds Consumer Products by 6.1% during the 4th quarter. Ariel Investments LLC now owns 7,446 shares of the company's stock valued at $201,000 after buying an additional 426 shares in the last quarter. Covestor Ltd increased its holdings in shares of Reynolds Consumer Products by 12.3% during the first quarter. Covestor Ltd now owns 4,670 shares of the company's stock valued at $111,000 after acquiring an additional 513 shares in the last quarter. Isthmus Partners LLC increased its holdings in shares of Reynolds Consumer Products by 0.6% during the fourth quarter. Isthmus Partners LLC now owns 87,307 shares of the company's stock valued at $2,356,000 after acquiring an additional 533 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Reynolds Consumer Products by 4.4% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 13,432 shares of the company's stock valued at $363,000 after acquiring an additional 566 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings in shares of Reynolds Consumer Products by 38.1% during the first quarter. Versant Capital Management Inc now owns 2,543 shares of the company's stock valued at $61,000 after acquiring an additional 701 shares in the last quarter. 26.81% of the stock is owned by institutional investors.

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.