State Board of Administration of Florida Retirement System Has $721,000 Stake in Reynolds Consumer Products Inc. (NASDAQ:REYN)

State Board of Administration of Florida Retirement System boosted its holdings in Reynolds Consumer Products Inc. (NASDAQ:REYNGet Rating) by 81.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,444 shares of the company’s stock after purchasing an additional 11,907 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Reynolds Consumer Products were worth $721,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Truist Financial Corp raised its position in shares of Reynolds Consumer Products by 6.0% in the 1st quarter. Truist Financial Corp now owns 24,667 shares of the company’s stock valued at $723,000 after buying an additional 1,386 shares in the last quarter. Comerica Bank raised its position in shares of Reynolds Consumer Products by 6.5% in the 1st quarter. Comerica Bank now owns 35,953 shares of the company’s stock valued at $1,072,000 after buying an additional 2,181 shares in the last quarter. Signaturefd LLC raised its position in shares of Reynolds Consumer Products by 79.1% in the 1st quarter. Signaturefd LLC now owns 2,027 shares of the company’s stock valued at $59,000 after buying an additional 895 shares in the last quarter. KLCM Advisors Inc. raised its position in shares of Reynolds Consumer Products by 1.9% in the 1st quarter. KLCM Advisors Inc. now owns 238,538 shares of the company’s stock valued at $6,999,000 after buying an additional 4,500 shares in the last quarter. Finally, Factorial Partners LLC raised its position in shares of Reynolds Consumer Products by 9.3% in the 1st quarter. Factorial Partners LLC now owns 59,000 shares of the company’s stock valued at $1,731,000 after buying an additional 5,000 shares in the last quarter. Institutional investors and hedge funds own 28.41% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Barclays boosted their target price on shares of Reynolds Consumer Products to $27.00 in a research report on Tuesday. JPMorgan Chase & Co. boosted their target price on shares of Reynolds Consumer Products from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Thursday, October 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $30.60.

Reynolds Consumer Products Price Performance

REYN opened at $31.51 on Friday. The stock has a 50-day moving average price of $28.65 and a 200-day moving average price of $28.13. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.16 and a quick ratio of 0.70. The firm has a market cap of $6.61 billion, a PE ratio of 25.62 and a beta of 0.44. Reynolds Consumer Products Inc. has a 1 year low of $24.54 and a 1 year high of $32.29.

Reynolds Consumer Products Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Wednesday, November 16th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend is Tuesday, November 15th. Reynolds Consumer Products’s payout ratio is currently 74.80%.

Reynolds Consumer Products Company Profile

(Get Rating)

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 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 E-Z Foil brands in the United States, as well as under the ALCAN brand in Canada and under the Diamond brand internationally.

Read More

Want to see what other hedge funds are holding REYN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Reynolds Consumer Products Inc. (NASDAQ:REYNGet Rating).

Institutional Ownership by Quarter for Reynolds Consumer Products (NASDAQ:REYN)

Receive News & Ratings for Reynolds Consumer Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reynolds Consumer Products and related companies with MarketBeat.com's FREE daily email newsletter.