XTX Topco Ltd Buys Shares of 10,408 Reynolds Consumer Products Inc. (NASDAQ:REYN)

XTX Topco Ltd bought a new stake in Reynolds Consumer Products Inc. (NASDAQ:REYN) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,408 shares of the company’s stock, valued at approximately $248,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Quarry LP boosted its position in Reynolds Consumer Products by 187.0% during the 4th quarter. Quarry LP now owns 2,531 shares of the company’s stock worth $68,000 after acquiring an additional 1,649 shares during the period. Versant Capital Management Inc boosted 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 worth $61,000 after purchasing an additional 701 shares during the period. Deutsche Bank AG boosted its holdings in shares of Reynolds Consumer Products by 35.8% during the fourth quarter. Deutsche Bank AG now owns 7,247 shares of the company’s stock worth $196,000 after purchasing an additional 1,910 shares during the period. Ariel Investments LLC grew its position in Reynolds Consumer Products by 6.1% during the fourth quarter. Ariel Investments LLC now owns 7,446 shares of the company’s stock valued at $201,000 after purchasing an additional 426 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp acquired a new position in Reynolds Consumer Products in the 4th quarter valued at approximately $211,000. Institutional investors and hedge funds own 26.81% of the company’s stock.

Insider Activity at Reynolds Consumer Products

In related news, CAO Chris Mayrhofer purchased 18,218 shares of the stock in a transaction on Thursday, May 29th. The shares were bought at an average price of $22.14 per share, for a total transaction of $403,346.52. Following the completion of the acquisition, the chief accounting officer directly owned 18,218 shares in the company, valued at approximately $403,346.52. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Rolf Stangl purchased 4,500 shares of the stock in a transaction on Friday, June 20th. The shares were bought at an average price of $21.24 per share, for a total transaction of $95,580.00. Following the acquisition, the director owned 30,889 shares of the company’s stock, valued at approximately $656,082.36. The trade was a 17.05% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 32,266 shares of company stock worth $707,582. Corporate insiders own 0.15% of the company’s stock.

Reynolds Consumer Products Trading Down 1.4%

NASDAQ:REYN opened at $22.54 on Tuesday. The stock’s 50 day moving average price is $21.79 and its 200 day moving average price is $23.16. Reynolds Consumer Products Inc. has a 52 week low of $20.91 and a 52 week high of $32.65. The company has a market capitalization of $4.74 billion, a P/E ratio of 15.13 and a beta of 0.58. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.75 and a current ratio of 1.85.

Reynolds Consumer Products (NASDAQ:REYN) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.38 by $0.01. Reynolds Consumer Products had a return on equity of 16.00% and a net margin of 8.44%. The company had revenue of $938.00 million for the quarter, compared to the consensus estimate of $899.05 million. During the same quarter last year, the company posted $0.46 earnings per share. The company’s revenue for the quarter was up .9% compared to the same quarter last year. On average, research analysts forecast that Reynolds Consumer Products Inc. will post 1.66 EPS for the current fiscal year.

Reynolds Consumer Products Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 4.1%. The ex-dividend date is Friday, August 15th. Reynolds Consumer Products’s dividend payout ratio (DPR) is 61.74%.

Analyst Ratings Changes

Several research firms have recently commented on REYN. Canaccord Genuity Group lowered their price target on shares of Reynolds Consumer Products from $27.00 to $26.00 and set a “hold” rating on the stock in a report on Thursday, May 1st. Wall Street Zen raised Reynolds Consumer Products from a “sell” rating to a “hold” rating in a research report on Friday, May 30th. UBS Group upped their target price on Reynolds Consumer Products from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, July 31st. Barclays raised their price target on Reynolds Consumer Products from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Friday, August 1st. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $30.00 price target on shares of Reynolds Consumer Products in a research note on Monday, April 28th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Reynolds Consumer Products presently has an average rating of “Hold” and a consensus target price of $28.00.

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.