Reynolds Consumer Products Inc. (NASDAQ:REYN) Shares Bought by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC grew its holdings in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) by 5.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,419 shares of the company’s stock after purchasing an additional 814 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Reynolds Consumer Products were worth $443,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ARGA Investment Management LP acquired a new stake in Reynolds Consumer Products during the 3rd quarter worth $751,000. Barclays PLC boosted its stake in Reynolds Consumer Products by 173.9% during the 3rd quarter. Barclays PLC now owns 63,121 shares of the company’s stock worth $1,963,000 after purchasing an additional 40,075 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Reynolds Consumer Products during the 3rd quarter worth $4,397,000. Beacon Harbor Wealth Advisors Inc. acquired a new stake in Reynolds Consumer Products during the 3rd quarter worth $5,731,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Reynolds Consumer Products during the 3rd quarter worth $851,000. Institutional investors and hedge funds own 26.81% of the company’s stock.

Reynolds Consumer Products Trading Down 2.9 %

NASDAQ REYN opened at $23.94 on Monday. The firm’s 50-day moving average is $26.88 and its two-hundred day moving average is $28.68. Reynolds Consumer Products Inc. has a 12 month low of $23.88 and a 12 month high of $32.65. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.04 and a quick ratio of 0.89. The stock has a market capitalization of $5.03 billion, a P/E ratio of 14.25 and a beta of 0.50.

Reynolds Consumer Products (NASDAQ:REYN) last posted its earnings results on Wednesday, February 5th. The company reported $0.58 EPS for the quarter, meeting analysts’ consensus estimates of $0.58. Reynolds Consumer Products had a net margin of 9.56% and a return on equity of 17.14%. On average, sell-side analysts anticipate that Reynolds Consumer Products Inc. will post 1.66 earnings per share for the current year.

Reynolds Consumer Products Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.23 per share. The ex-dividend date is Friday, February 14th. This represents a $0.92 dividend on an annualized basis and a yield of 3.84%. Reynolds Consumer Products’s dividend payout ratio (DPR) is presently 54.76%.

Analyst Upgrades and Downgrades

REYN has been the topic of several recent research reports. JPMorgan Chase & Co. lowered their price target on shares of Reynolds Consumer Products from $30.00 to $28.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Barclays lowered their price target on shares of Reynolds Consumer Products from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. Stifel Nicolaus lowered their price target on shares of Reynolds Consumer Products from $32.00 to $31.00 and set a “hold” rating on the stock in a research report on Thursday, February 6th. UBS Group lowered their price target on shares of Reynolds Consumer Products from $30.00 to $29.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, Evercore ISI lowered their price target on shares of Reynolds Consumer Products from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $30.38.

Insiders Place Their Bets

In other Reynolds Consumer Products news, Director Rolf Stangl purchased 6,000 shares of the business’s stock in a transaction on Monday, February 10th. The shares were bought at an average cost of $24.89 per share, for a total transaction of $149,340.00. Following the completion of the purchase, the director now directly owns 16,889 shares of the company’s stock, valued at approximately $420,367.21. This trade represents a 55.10 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.20% of the company’s stock.

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.