Reynolds Consumer Products Inc. (NASDAQ:REYN) Shares Sold by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. lowered its stake in Reynolds Consumer Products Inc. (NASDAQ:REYN) by 4.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 8,228 shares of the company’s stock after selling 427 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Reynolds Consumer Products were worth $222,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of REYN. True Wealth Design LLC acquired a new stake in shares of Reynolds Consumer Products in the third quarter valued at about $29,000. Blue Trust Inc. grew its stake in Reynolds Consumer Products by 115.2% during the 4th quarter. Blue Trust Inc. now owns 1,304 shares of the company’s stock valued at $35,000 after purchasing an additional 698 shares in the last quarter. Eagle Bay Advisors LLC acquired a new stake in Reynolds Consumer Products during the 4th quarter valued at approximately $40,000. Capital Performance Advisors LLP acquired a new stake in Reynolds Consumer Products during the 3rd quarter valued at approximately $70,000. Finally, Venturi Wealth Management LLC grew its stake in Reynolds Consumer Products by 93.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,561 shares of the company’s stock valued at $80,000 after purchasing an additional 1,239 shares in the last quarter. Institutional investors and hedge funds own 26.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on REYN shares. Canaccord Genuity Group lowered their price objective on Reynolds Consumer Products from $31.00 to $30.00 and set a “hold” rating for the company in a research note on Thursday, February 6th. Stifel Nicolaus lowered their price objective on Reynolds Consumer Products from $32.00 to $31.00 and set a “hold” rating for the company in a research note on Thursday, February 6th. 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 research note on Thursday, January 16th. Barclays lowered 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 note on Thursday, February 6th. Finally, Evercore ISI reduced 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. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $30.38.

Insider Buying and Selling

In related news, Director Rolf Stangl purchased 6,000 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were acquired at an average price of $24.89 per share, with a total value of $149,340.00. Following the acquisition, the director now owns 16,889 shares in the company, valued at approximately $420,367.21. This trade represents a 55.10 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.20% of the company’s stock.

Reynolds Consumer Products Trading Down 3.2 %

NASDAQ:REYN opened at $23.86 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 2.04 and a debt-to-equity ratio of 0.79. The business’s 50 day moving average is $26.06 and its two-hundred day moving average is $28.24. Reynolds Consumer Products Inc. has a 52 week low of $23.61 and a 52 week high of $32.65. The company has a market cap of $5.01 billion, a PE ratio of 14.20 and a beta of 0.56.

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

Reynolds Consumer Products Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.86%. The ex-dividend date of this dividend was Friday, February 14th. Reynolds Consumer Products’s dividend payout ratio (DPR) is 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.