Reynolds Consumer Products Inc. (NASDAQ:REYN) Shares Acquired by Swiss National Bank

Swiss National Bank lifted its holdings in Reynolds Consumer Products Inc. (NASDAQ:REYN – Get Rating) by 2.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 152,100 shares of the company’s stock after buying an additional 3,300 shares during the period. Swiss National Bank owned about 0.07% of Reynolds Consumer Products worth $4,560,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of REYN. MetLife Investment Management LLC acquired a new stake in shares of Reynolds Consumer Products in the first quarter worth $32,000. Ceredex Value Advisors LLC acquired a new stake in shares of Reynolds Consumer Products in the third quarter worth $34,000. Ronald Blue Trust Inc. boosted its position in shares of Reynolds Consumer Products by 213.5% in the fourth quarter. Ronald Blue Trust Inc. now owns 2,003 shares of the company’s stock worth $52,000 after buying an additional 1,364 shares during the period. Quadrant Capital Group LLC boosted its position in shares of Reynolds Consumer Products by 55.5% in the third quarter. Quadrant Capital Group LLC now owns 2,233 shares of the company’s stock worth $58,000 after buying an additional 797 shares during the period. Finally, Lazard Asset Management LLC acquired a new stake in shares of Reynolds Consumer Products in the first quarter worth $70,000. Institutional investors and hedge funds own 29.91% of the company’s stock.

Reynolds Consumer Products Price Performance

NASDAQ REYN opened at $28.20 on Friday. Reynolds Consumer Products Inc. has a fifty-two week low of $24.54 and a fifty-two week high of $32.50. The stock’s 50-day moving average is $27.52 and its two-hundred day moving average is $28.96. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.31 and a quick ratio of 0.92. The firm has a market cap of $5.92 billion, a P/E ratio of 26.36 and a beta of 0.47.

Reynolds Consumer Products Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 31st. Stockholders of record on Wednesday, May 17th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, May 16th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.26%. Reynolds Consumer Products’s payout ratio is presently 85.98%.

Wall Street Analysts Forecast Growth

REYN has been the subject of a number of research reports. Barclays lifted their price objective on Reynolds Consumer Products from $28.00 to $31.00 in a research report on Friday, May 12th. Royal Bank of Canada reduced their price objective on Reynolds Consumer Products from $30.00 to $29.00 and set a “sector perform” rating for the company in a research report on Thursday, February 9th. TheStreet cut Reynolds Consumer Products from a “b” rating to a “c+” rating in a research report on Monday, February 6th. UBS Group lifted their price objective on Reynolds Consumer Products from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Thursday, April 6th. Finally, Canaccord Genuity Group initiated coverage on Reynolds Consumer Products in a research report on Thursday, March 30th. They set a “hold” rating and a $28.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Reynolds Consumer Products has a consensus rating of “Hold” and a consensus target price of $30.29.

Reynolds Consumer Products Profile

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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.