Landscape Capital Management L.L.C. Sells 84,836 Shares of Reynolds Consumer Products Inc. (NASDAQ:REYN)

Landscape Capital Management L.L.C. cut its position in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) by 65.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,420 shares of the company’s stock after selling 84,836 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Reynolds Consumer Products were worth $1,226,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. grew its position in shares of Reynolds Consumer Products by 4.4% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 13,432 shares of the company’s stock worth $363,000 after buying an additional 566 shares during the period. Barclays PLC grew its holdings in Reynolds Consumer Products by 173.9% in the third quarter. Barclays PLC now owns 63,121 shares of the company’s stock worth $1,963,000 after purchasing an additional 40,075 shares during the period. Point72 Asset Management L.P. bought a new position in shares of Reynolds Consumer Products during the third quarter valued at approximately $4,397,000. Proficio Capital Partners LLC purchased a new position in shares of Reynolds Consumer Products during the fourth quarter valued at approximately $424,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Reynolds Consumer Products by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 591,906 shares of the company’s stock worth $15,976,000 after purchasing an additional 19,044 shares in the last quarter. 26.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Rolf Stangl bought 6,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now owns 16,889 shares of the company’s stock, valued at approximately $420,367.21. This trade represents a 55.10 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.15% of the company’s stock.

Reynolds Consumer Products Stock Performance

REYN stock opened at $23.93 on Friday. The company has a market cap of $5.03 billion, a P/E ratio of 14.24 and a beta of 0.64. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.04 and a quick ratio of 0.99. Reynolds Consumer Products Inc. has a 1 year low of $23.13 and a 1 year high of $32.65. The stock’s fifty day moving average price is $24.64 and its 200-day moving average price is $27.03.

Reynolds Consumer Products (NASDAQ:REYN) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.58 earnings per share (EPS) for the quarter, meeting 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, equities analysts forecast that Reynolds Consumer Products Inc. will post 1.66 earnings per share for the current year.

Reynolds Consumer Products Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.84%. The ex-dividend date was Friday, February 14th. Reynolds Consumer Products’s dividend payout ratio is presently 54.76%.

Wall Street Analysts Forecast Growth

REYN has been the subject of several recent analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $32.00 price target on shares of Reynolds Consumer Products in a research report on Monday, February 3rd. JPMorgan Chase & Co. dropped their target price on shares of Reynolds Consumer Products from $30.00 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. UBS Group reduced their price target on shares of 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. Canaccord Genuity Group lowered their price objective on Reynolds Consumer Products from $31.00 to $30.00 and set a “hold” rating on the stock in a research report on Thursday, February 6th. Finally, Evercore ISI decreased their price target on Reynolds Consumer Products from $33.00 to $30.00 and set an “outperform” rating for the company in a research note 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. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $30.38.

About Reynolds Consumer Products

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.