Dean Capital Management raised its holdings in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN – Free Report) by 15.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 180,536 shares of the company’s stock after purchasing an additional 24,824 shares during the period. Reynolds Consumer Products comprises about 1.6% of Dean Capital Management’s portfolio, making the stock its 8th largest holding. Dean Capital Management owned approximately 0.09% of Reynolds Consumer Products worth $3,824,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of REYN. Larson Financial Group LLC lifted its position in shares of Reynolds Consumer Products by 70.4% in the 4th quarter. Larson Financial Group LLC now owns 1,264 shares of the company’s stock worth $29,000 after buying an additional 522 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Reynolds Consumer Products by 127.7% during the 4th quarter. Farther Finance Advisors LLC now owns 1,391 shares of the company’s stock valued at $32,000 after buying an additional 780 shares during the last quarter. SJS Investment Consulting Inc. grew its position in shares of Reynolds Consumer Products by 4,657.9% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,808 shares of the company’s stock valued at $38,000 after buying an additional 1,770 shares during the last quarter. Rockefeller Capital Management L.P. raised its stake in Reynolds Consumer Products by 119.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,794 shares of the company’s stock worth $41,000 after acquiring an additional 978 shares during the period. Finally, Caitong International Asset Management Co. Ltd raised its stake in Reynolds Consumer Products by 199,400.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,995 shares of the company’s stock worth $46,000 after acquiring an additional 1,994 shares during the period. 26.81% of the stock is owned by institutional investors and hedge funds.
Reynolds Consumer Products Price Performance
Shares of NASDAQ:REYN opened at $25.61 on Monday. The firm’s 50 day moving average is $24.27 and its two-hundred day moving average is $23.10. The firm has a market capitalization of $5.40 billion, a P/E ratio of 16.31 and a beta of 0.54. The company has a current ratio of 1.79, a quick ratio of 0.76 and a debt-to-equity ratio of 0.68. Reynolds Consumer Products Inc. has a 52 week low of $20.44 and a 52 week high of $27.32.
Reynolds Consumer Products Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $0.92 annualized dividend and a dividend yield of 3.6%. Reynolds Consumer Products’s dividend payout ratio is presently 58.60%.
Wall Street Analyst Weigh In
REYN has been the subject of a number of research reports. UBS Group lifted their target price on Reynolds Consumer Products from $23.00 to $27.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Royal Bank Of Canada set a $24.00 price objective on Reynolds Consumer Products and gave the company a “sector perform” rating in a research report on Thursday, April 9th. JPMorgan Chase & Co. upped their price objective on Reynolds Consumer Products from $23.00 to $27.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Barclays increased their target price on Reynolds Consumer Products from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 21st. Finally, Weiss Ratings upgraded Reynolds Consumer Products from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 29th. Seven analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $25.40.
View Our Latest Analysis on REYN
Reynolds Consumer Products 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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