Dean Capital Management acquired a new position in Reynolds Consumer Products Inc. (NASDAQ:REYN – Free Report) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 105,039 shares of the company’s stock, valued at approximately $2,570,000. Reynolds Consumer Products accounts for about 1.0% of Dean Capital Management’s portfolio, making the stock its 28th largest holding.
Several other large investors have also recently bought and sold shares of the company. Royal Bank of Canada increased its stake in shares of Reynolds Consumer Products by 1.9% in the 1st quarter. Royal Bank of Canada now owns 94,024 shares of the company’s stock valued at $2,244,000 after buying an additional 1,720 shares during the period. Millennium Management LLC lifted its stake in shares of Reynolds Consumer Products by 11.3% during the first quarter. Millennium Management LLC now owns 592,459 shares of the company’s stock valued at $14,136,000 after acquiring an additional 60,198 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Reynolds Consumer Products by 60.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 222,853 shares of the company’s stock valued at $5,317,000 after acquiring an additional 83,633 shares during the period. Jane Street Group LLC boosted its holdings in Reynolds Consumer Products by 488.4% in the first quarter. Jane Street Group LLC now owns 125,724 shares of the company’s stock valued at $3,000,000 after acquiring an additional 104,357 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Reynolds Consumer Products by 0.5% in the second quarter. Geode Capital Management LLC now owns 1,092,884 shares of the company’s stock valued at $23,413,000 after acquiring an additional 5,554 shares during the last quarter. Institutional investors and hedge funds own 26.81% of the company’s stock.
Reynolds Consumer Products Trading Up 0.0%
NASDAQ REYN opened at $21.47 on Monday. Reynolds Consumer Products Inc. has a 12 month low of $20.91 and a 12 month high of $26.25. The stock has a 50-day simple moving average of $23.43 and a 200 day simple moving average of $23.71. The company has a current ratio of 1.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $4.52 billion, a PE ratio of 14.91 and a beta of 0.57.
Reynolds Consumer Products Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.92 annualized dividend and a yield of 4.3%. Reynolds Consumer Products’s dividend payout ratio (DPR) is presently 63.89%.
Analyst Upgrades and Downgrades
REYN has been the subject of a number of research reports. Zacks Research lowered Reynolds Consumer Products from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Reynolds Consumer Products in a research note on Wednesday, January 28th. Canaccord Genuity Group lowered their price target on shares of Reynolds Consumer Products from $27.00 to $24.00 and set a “hold” rating for the company in a research report on Monday, January 26th. UBS Group boosted their price target on shares of Reynolds Consumer Products from $25.00 to $26.00 and gave the stock a “neutral” rating in a research note on Thursday, February 5th. Finally, Royal Bank Of Canada cut their price objective on shares of Reynolds Consumer Products from $28.00 to $25.00 and set a “sector perform” rating on the stock in a report on Thursday, February 5th. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $25.43.
View Our Latest Report on Reynolds Consumer Products
Reynolds Consumer Products Company Profile
Reynolds Consumer Products, Inc (NASDAQ: REYN) is a leading North American manufacturer and marketer of household consumer products. The company specializes in food storage and cooking solutions, including aluminum foil, plastic wrap, food storage containers and disposable tableware. Its core portfolio features well-known brands such as Reynolds Wrap aluminum foil, Hefty storage containers and trash bags, and Fastfold paper plates.
The company operates through a network of manufacturing and distribution facilities across North America, Latin America, Europe and the Asia Pacific region.
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