BNP Paribas Financial Markets Invests $1.61 Million in Reynolds Consumer Products Inc. (NASDAQ:REYN)

BNP Paribas Financial Markets purchased a new position in Reynolds Consumer Products Inc. (NASDAQ:REYN) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 59,448 shares of the company’s stock, valued at approximately $1,605,000.

A number of other large investors have also recently made changes to their positions in the stock. Blue Trust Inc. boosted its stake in Reynolds Consumer Products by 115.2% during the fourth quarter. Blue Trust Inc. now owns 1,304 shares of the company’s stock valued at $35,000 after buying an additional 698 shares during the period. Quarry LP lifted its stake in shares of Reynolds Consumer Products by 187.0% in the 4th quarter. Quarry LP now owns 2,531 shares of the company’s stock valued at $68,000 after acquiring an additional 1,649 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in Reynolds Consumer Products by 667.1% during the 4th quarter. Farther Finance Advisors LLC now owns 2,585 shares of the company’s stock valued at $70,000 after purchasing an additional 2,248 shares during the period. Venturi Wealth Management LLC increased its holdings in Reynolds Consumer Products by 36.0% during the 4th quarter. Venturi Wealth Management LLC now owns 3,482 shares of the company’s stock valued at $94,000 after purchasing an additional 921 shares during the period. Finally, New Age Alpha Advisors LLC purchased a new position in Reynolds Consumer Products during the 4th quarter valued at about $165,000. 26.81% of the stock is owned by institutional investors.

Reynolds Consumer Products Trading Down 0.4%

Shares of REYN stock opened at $23.11 on Monday. Reynolds Consumer Products Inc. has a 52-week low of $21.90 and a 52-week high of $32.65. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.99 and a current ratio of 2.04. The firm has a market capitalization of $4.86 billion, a PE ratio of 13.76 and a beta of 0.61. The stock has a fifty day simple moving average of $23.42 and a two-hundred day simple moving average of $25.48.

Reynolds Consumer Products (NASDAQ:REYN) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.23 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.23. The firm had revenue of $801.00 million during the quarter, compared to analyst estimates of $821.99 million. Reynolds Consumer Products had a return on equity of 17.14% and a net margin of 9.56%. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.23 earnings per share. On average, analysts predict that Reynolds Consumer Products Inc. will post 1.66 EPS for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date is Friday, May 16th. Reynolds Consumer Products’s payout ratio is 57.50%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on REYN shares. Evercore ISI reduced their target price on Reynolds Consumer Products from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. Barclays lowered their price objective on 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. Canaccord Genuity Group lowered their price objective on Reynolds Consumer Products from $27.00 to $26.00 and set a “hold” rating on the stock in a research report on Thursday, May 1st. Royal Bank of Canada reissued a “sector perform” rating and set a $30.00 price target on shares of Reynolds Consumer Products in a report on Monday, April 28th. Finally, UBS Group lowered their price target on Reynolds Consumer Products from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Thursday, May 1st. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Reynolds Consumer Products has a consensus rating of “Hold” and a consensus target price of $28.33.

Insider Activity at Reynolds Consumer Products

In other Reynolds Consumer Products news, Director Rolf Stangl acquired 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 6th. The stock was bought at an average price of $23.22 per share, for a total transaction of $58,050.00. Following the acquisition, the director now directly owns 19,389 shares in the company, valued at $450,212.58. The trade was a 14.80% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.15% of the stock is owned by insiders.

Reynolds Consumer Products Company Profile

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.