Corient Private Wealth LLC purchased a new stake in Reynolds Consumer Products Inc. (NASDAQ:REYN – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 33,362 shares of the company’s stock, valued at approximately $765,000.
Other hedge funds also recently made changes to their positions in the company. Larson Financial Group LLC grew its holdings in shares of Reynolds Consumer Products by 70.4% during the fourth quarter. Larson Financial Group LLC now owns 1,264 shares of the company’s stock worth $29,000 after purchasing an additional 522 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Reynolds Consumer Products by 127.7% in the 4th quarter. Farther Finance Advisors LLC now owns 1,391 shares of the company’s stock worth $32,000 after purchasing an additional 780 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Reynolds Consumer Products by 199,400.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,995 shares of the company’s stock worth $46,000 after purchasing an additional 1,994 shares in the last quarter. Rothschild Investment LLC raised its stake in shares of Reynolds Consumer Products by 67.3% during the fourth quarter. Rothschild Investment LLC now owns 2,181 shares of the company’s stock worth $50,000 after acquiring an additional 877 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in shares of Reynolds Consumer Products by 74.6% during the fourth quarter. Royal Bank of Canada now owns 2,163 shares of the company’s stock worth $50,000 after acquiring an additional 924 shares in the last quarter. 26.81% of the stock is currently owned by hedge funds and other institutional investors.
Reynolds Consumer Products Price Performance
Shares of Reynolds Consumer Products stock opened at $27.18 on Friday. Reynolds Consumer Products Inc. has a one year low of $20.44 and a one year high of $27.32. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.76 and a current ratio of 1.79. The stock has a market cap of $5.73 billion, a P/E ratio of 17.31 and a beta of 0.54. The stock’s fifty day moving average is $22.85 and its 200 day moving average is $22.83.
Reynolds Consumer Products Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were given a dividend of $0.23 per share. The ex-dividend date was Friday, May 15th. This represents a $0.92 annualized dividend and a yield of 3.4%. Reynolds Consumer Products’s dividend payout ratio (DPR) is 58.60%.
Analysts Set New Price Targets
A number of equities research analysts recently commented on REYN shares. Zacks Research upgraded shares of Reynolds Consumer Products from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Weiss Ratings raised Reynolds Consumer Products from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday. UBS Group reduced their target price on Reynolds Consumer Products from $26.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, April 7th. Barclays lowered their price objective on Reynolds Consumer Products from $25.00 to $24.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 14th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Reynolds Consumer Products from $26.00 to $23.00 and set a “neutral” rating for the company in a research note on Friday, April 17th. Seven research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $23.60.
Check Out Our Latest Stock Report on Reynolds Consumer Products
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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