International Assets Investment Management LLC Buys 2,739 Shares of Reynolds Consumer Products Inc. (NASDAQ:REYN)

International Assets Investment Management LLC boosted its stake in Reynolds Consumer Products Inc. (NASDAQ:REYN) by 3,009.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,830 shares of the company’s stock after buying an additional 2,739 shares during the period. International Assets Investment Management LLC’s holdings in Reynolds Consumer Products were worth $91,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of REYN. GAMMA Investing LLC boosted its holdings in Reynolds Consumer Products by 510.2% in the second quarter. GAMMA Investing LLC now owns 958 shares of the company’s stock worth $27,000 after acquiring an additional 801 shares in the last quarter. Versant Capital Management Inc bought a new stake in shares of Reynolds Consumer Products during the 2nd quarter valued at $39,000. Abich Financial Wealth Management LLC purchased a new stake in Reynolds Consumer Products in the second quarter worth about $54,000. nVerses Capital LLC bought a new position in shares of Reynolds Consumer Products in the second quarter worth about $90,000. Finally, Covestor Ltd raised its stake in shares of Reynolds Consumer Products by 15.8% in the first quarter. Covestor Ltd now owns 3,520 shares of the company’s stock worth $101,000 after buying an additional 480 shares during the period. 26.81% of the stock is owned by institutional investors.

Insider Activity at Reynolds Consumer Products

In other Reynolds Consumer Products news, Director Rolf Stangl bought 7,207 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was acquired at an average cost of $27.25 per share, for a total transaction of $196,390.75. Following the completion of the transaction, the director now owns 7,207 shares in the company, valued at $196,390.75. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

REYN has been the subject of several analyst reports. Canaccord Genuity Group increased their target price on shares of Reynolds Consumer Products from $30.00 to $32.00 and gave the stock a “hold” rating in a report on Thursday, August 8th. JPMorgan Chase & Co. raised their price objective on shares of Reynolds Consumer Products from $29.00 to $33.00 and gave the company a “neutral” rating in a research report on Thursday, August 8th. Royal Bank of Canada upped their target price on shares of Reynolds Consumer Products from $31.00 to $32.00 and gave the stock a “sector perform” rating in a report on Thursday, August 8th. Barclays cut their price target on Reynolds Consumer Products from $29.00 to $28.00 and set an “equal weight” rating for the company in a research note on Thursday, October 31st. Finally, Jefferies Financial Group initiated coverage on Reynolds Consumer Products in a research report on Thursday, August 29th. They issued a “buy” rating and a $38.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $32.17.

Reynolds Consumer Products Trading Up 0.8 %

REYN opened at $27.41 on Friday. The stock has a 50-day moving average of $30.40 and a 200 day moving average of $29.19. The company has a current ratio of 2.04, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84. Reynolds Consumer Products Inc. has a 12 month low of $25.80 and a 12 month high of $32.65. The firm has a market cap of $5.76 billion, a P/E ratio of 15.66 and a beta of 0.50.

Reynolds Consumer Products (NASDAQ:REYN) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.01). Reynolds Consumer Products had a net margin of 10.03% and a return on equity of 18.27%. The company had revenue of $910.00 million for the quarter, compared to analysts’ expectations of $902.88 million. The business’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.37 EPS. As a group, research analysts forecast that Reynolds Consumer Products Inc. will post 1.69 EPS for the current year.

Reynolds Consumer Products Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date is Friday, November 15th. Reynolds Consumer Products’s dividend payout ratio is currently 52.57%.

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.