Reynolds Consumer Products Inc. (NASDAQ:REYN) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. cut its holdings in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) by 3.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 97,131 shares of the company’s stock after selling 3,760 shares during the period. Asset Management One Co. Ltd.’s holdings in Reynolds Consumer Products were worth $2,651,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. ARGA Investment Management LP acquired a new position in shares of Reynolds Consumer Products in the third quarter worth about $751,000. Barclays PLC grew its stake in Reynolds Consumer Products by 173.9% during the 3rd quarter. Barclays PLC now owns 63,121 shares of the company’s stock valued at $1,963,000 after acquiring an additional 40,075 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in Reynolds Consumer Products during the 3rd quarter valued at about $4,397,000. Beacon Harbor Wealth Advisors Inc. acquired a new position in Reynolds Consumer Products in the 3rd quarter valued at about $5,731,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Reynolds Consumer Products in the 3rd quarter valued at about $851,000. 26.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Reynolds Consumer Products

In related news, Director Rolf Stangl bought 6,000 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was purchased at an average cost of $24.89 per share, for a total transaction of $149,340.00. Following the completion of the acquisition, the director now owns 16,889 shares in the company, valued at $420,367.21. This trade represents a 55.10 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

REYN has been the topic of several recent analyst reports. Canaccord Genuity Group decreased their price objective on shares of Reynolds Consumer Products from $31.00 to $30.00 and set a “hold” rating on the stock in a report on Thursday, February 6th. Stifel Nicolaus dropped their price objective on shares of Reynolds Consumer Products from $32.00 to $31.00 and set a “hold” rating on the stock in a research report on Thursday, February 6th. UBS Group dropped their target price on shares of Reynolds Consumer Products from $30.00 to $29.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Evercore ISI dropped their target price on shares of Reynolds Consumer Products from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. Finally, Barclays dropped their target price on shares of Reynolds Consumer Products from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Reynolds Consumer Products has a consensus rating of “Hold” and a consensus target price of $30.38.

Reynolds Consumer Products Trading Down 0.4 %

Shares of Reynolds Consumer Products stock opened at $23.71 on Thursday. Reynolds Consumer Products Inc. has a 1 year low of $23.61 and a 1 year high of $32.65. The company has a market capitalization of $4.98 billion, a P/E ratio of 14.11 and a beta of 0.50. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.99 and a current ratio of 2.04. The company’s fifty day moving average is $26.63 and its two-hundred day moving average is $28.58.

Reynolds Consumer Products (NASDAQ:REYN) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.58 EPS for the quarter, meeting the consensus estimate of $0.58. Reynolds Consumer Products had a net margin of 9.56% and a return on equity of 17.14%. Analysts forecast that Reynolds Consumer Products Inc. will post 1.66 earnings per share for the current year.

Reynolds Consumer Products Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.23 per share. The ex-dividend date is Friday, February 14th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.88%. Reynolds Consumer Products’s dividend payout ratio (DPR) is presently 54.76%.

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.