Reynolds Consumer Products Inc. (NASDAQ:REYN) Shares Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. grew its position in Reynolds Consumer Products Inc. (NASDAQ:REYN) by 210.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,178 shares of the company’s stock after purchasing an additional 17,065 shares during the period. Fox Run Management L.L.C.’s holdings in Reynolds Consumer Products were worth $680,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of REYN. Allspring Global Investments Holdings LLC increased its holdings in Reynolds Consumer Products by 1.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 13,107,822 shares of the company’s stock worth $351,564,000 after buying an additional 182,353 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Reynolds Consumer Products by 13.0% in the fourth quarter. Bank of New York Mellon Corp now owns 1,211,805 shares of the company’s stock worth $32,707,000 after acquiring an additional 139,576 shares during the period. Sei Investments Co. raised its holdings in shares of Reynolds Consumer Products by 13.7% during the fourth quarter. Sei Investments Co. now owns 766,463 shares of the company’s stock worth $20,687,000 after purchasing an additional 92,473 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Reynolds Consumer Products by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 591,906 shares of the company’s stock valued at $15,976,000 after purchasing an additional 19,044 shares during the period. Finally, Verition Fund Management LLC purchased a new stake in Reynolds Consumer Products in the third quarter valued at $12,844,000. 26.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Reynolds Consumer Products

In other news, Director Rolf Stangl bought 6,000 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were bought at an average cost of $24.89 per share, for a total transaction of $149,340.00. Following the acquisition, the director now directly owns 16,889 shares of the company’s stock, valued at $420,367.21. This trade represents a 55.10 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 0.15% of the stock is owned by company insiders.

Reynolds Consumer Products Stock Down 0.5 %

REYN stock opened at $23.54 on Tuesday. Reynolds Consumer Products Inc. has a 52 week low of $23.13 and a 52 week high of $32.65. 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 firm has a 50-day simple moving average of $25.24 and a 200-day simple moving average of $27.51. The stock has a market capitalization of $4.95 billion, a P/E ratio of 14.01 and a beta of 0.56.

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

Reynolds Consumer Products Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date was Friday, February 14th. Reynolds Consumer Products’s dividend payout ratio (DPR) is currently 54.76%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. 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 note on Thursday, February 6th. UBS Group reduced their price target on Reynolds Consumer Products from $30.00 to $29.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Royal Bank of Canada restated a “sector perform” rating and issued a $32.00 price objective on shares of Reynolds Consumer Products in a research report on Monday, February 3rd. Stifel Nicolaus cut their target price on shares of Reynolds Consumer Products from $32.00 to $31.00 and set a “hold” rating for the company in a report on Thursday, February 6th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Reynolds Consumer Products from $30.00 to $28.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Reynolds Consumer Products presently has a consensus rating of “Hold” and an average target price of $30.38.

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.