Reynolds Consumer Products Inc. (NASDAQ:REYN) Shares Bought by Signaturefd LLC

Signaturefd LLC lifted its position in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) by 120.8% during the fourth quarter, HoldingsChannel reports. The fund owned 4,106 shares of the company’s stock after acquiring an additional 2,246 shares during the quarter. Signaturefd LLC’s holdings in Reynolds Consumer Products were worth $110,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. KLCM Advisors Inc. increased its position in Reynolds Consumer Products by 112.6% during the 4th quarter. KLCM Advisors Inc. now owns 522,891 shares of the company’s stock worth $14,034,000 after purchasing an additional 276,898 shares during the period. FMR LLC grew its holdings in Reynolds Consumer Products by 7.4% during the third quarter. FMR LLC now owns 6,454,619 shares of the company’s stock worth $165,432,000 after acquiring an additional 442,654 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in Reynolds Consumer Products by 840.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 131,324 shares of the company’s stock worth $3,366,000 after acquiring an additional 117,364 shares in the last quarter. Barclays PLC lifted its holdings in Reynolds Consumer Products by 2.3% in the third quarter. Barclays PLC now owns 27,586 shares of the company’s stock valued at $707,000 after acquiring an additional 632 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Reynolds Consumer Products by 4.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 485,895 shares of the company’s stock worth $12,453,000 after purchasing an additional 22,071 shares during the period. 26.81% of the stock is owned by hedge funds and other institutional investors.

Reynolds Consumer Products Price Performance

REYN stock opened at $28.67 on Tuesday. The stock’s 50 day moving average price is $28.70 and its 200 day moving average price is $27.44. The firm has a market cap of $6.02 billion, a P/E ratio of 20.19 and a beta of 0.49. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.08 and a current ratio of 2.18. Reynolds Consumer Products Inc. has a 1 year low of $24.80 and a 1 year high of $30.54.

Reynolds Consumer Products (NASDAQ:REYN) last posted its quarterly earnings data on Wednesday, February 7th. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.03. Reynolds Consumer Products had a return on equity of 15.77% and a net margin of 7.98%. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter last year, the business posted $0.53 EPS. The firm’s quarterly revenue was down 7.5% compared to the same quarter last year. On average, sell-side analysts expect that Reynolds Consumer Products Inc. will post 1.61 earnings per share for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.92 dividend on an annualized basis and a yield of 3.21%. Reynolds Consumer Products’s payout ratio is 64.79%.

Wall Street Analyst Weigh In

Several brokerages recently commented on REYN. Royal Bank of Canada reiterated a “sector perform” rating and issued a $31.00 price objective on shares of Reynolds Consumer Products in a research note on Wednesday, March 20th. TheStreet upgraded Reynolds Consumer Products from a “c+” rating to a “b-” rating in a report on Thursday, February 1st. Stifel Nicolaus reaffirmed a “hold” rating and set a $30.00 price objective on shares of Reynolds Consumer Products in a report on Wednesday, March 20th. Barclays upped their target price on Reynolds Consumer Products from $27.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, April 12th. Finally, JPMorgan Chase & Co. lifted their price target on Reynolds Consumer Products from $29.00 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, February 8th. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $29.80.

About Reynolds Consumer Products

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 aluminum 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 EZ Foil brands in the United States, as well as under the ALCAN brand in Canada and under the Diamond brand internationally.