US Bancorp DE Has $185,000 Stock Position in Reynolds Consumer Products Inc. (NASDAQ:REYN)

US Bancorp DE decreased its holdings in Reynolds Consumer Products Inc. (NASDAQ:REYN) by 15.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,772 shares of the company’s stock after selling 1,422 shares during the quarter. US Bancorp DE’s holdings in Reynolds Consumer Products were worth $185,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc raised its holdings in shares of Reynolds Consumer Products by 38.1% in the 1st quarter. Versant Capital Management Inc now owns 2,543 shares of the company’s stock worth $61,000 after acquiring an additional 701 shares during the last quarter. Quarry LP raised its position in shares of Reynolds Consumer Products by 187.0% during the 4th quarter. Quarry LP now owns 2,531 shares of the company’s stock valued at $68,000 after buying an additional 1,649 shares in the last quarter. Deutsche Bank AG lifted its stake in Reynolds Consumer Products by 35.8% in the fourth quarter. Deutsche Bank AG now owns 7,247 shares of the company’s stock worth $196,000 after purchasing an additional 1,910 shares during the last quarter. Ariel Investments LLC increased its position in shares of Reynolds Consumer Products by 6.1% in the fourth quarter. Ariel Investments LLC now owns 7,446 shares of the company’s stock valued at $201,000 after acquiring an additional 426 shares during the period. Finally, OMERS ADMINISTRATION Corp purchased a new position in shares of Reynolds Consumer Products in the fourth quarter valued at about $211,000. Institutional investors own 26.81% of the company’s stock.

Insider Buying and Selling at Reynolds Consumer Products

In related news, CAO Chris Mayrhofer purchased 18,218 shares of the business’s stock in a transaction that occurred on Thursday, May 29th. The stock was bought at an average price of $22.14 per share, with a total value of $403,346.52. Following the acquisition, the chief accounting officer owned 18,218 shares in the company, valued at $403,346.52. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Rolf Stangl purchased 4,500 shares of the business’s stock in a transaction that occurred on Friday, June 20th. The stock was bought at an average cost of $21.24 per share, with a total value of $95,580.00. Following the acquisition, the director owned 30,889 shares in the company, valued at $656,082.36. This represents a 17.05% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 32,266 shares of company stock valued at $707,582. Company insiders own 0.15% of the company’s stock.

Analyst Upgrades and Downgrades

REYN has been the topic of several research reports. Barclays boosted their price objective on shares of Reynolds Consumer Products from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Friday, August 1st. Royal Bank Of Canada reissued a “sector perform” rating and issued a $30.00 price objective on shares of Reynolds Consumer Products in a research note on Monday, April 28th. Wall Street Zen raised shares of Reynolds Consumer Products from a “sell” rating to a “hold” rating in a research note on Friday, May 30th. Truist Financial lowered their price objective on shares of Reynolds Consumer Products from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. Finally, Canaccord Genuity Group lowered their target price on shares of Reynolds Consumer Products from $27.00 to $26.00 and set a “hold” rating for the company in a report on Thursday, May 1st. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Reynolds Consumer Products currently has an average rating of “Hold” and an average price target of $28.00.

Reynolds Consumer Products Stock Down 2.4%

Shares of Reynolds Consumer Products stock opened at $22.58 on Friday. The firm’s 50 day moving average price is $21.88 and its 200-day moving average price is $23.09. The company has a quick ratio of 0.75, a current ratio of 1.85 and a debt-to-equity ratio of 0.75. Reynolds Consumer Products Inc. has a 52-week low of $20.91 and a 52-week high of $32.65. The company has a market cap of $4.75 billion, a P/E ratio of 15.15 and a beta of 0.58.

Reynolds Consumer Products (NASDAQ:REYN) last released its earnings results on Wednesday, July 30th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The company had revenue of $938.00 million during the quarter, compared to analysts’ expectations of $899.05 million. Reynolds Consumer Products had a net margin of 8.44% and a return on equity of 16.00%. Reynolds Consumer Products’s revenue for the quarter was up .9% on a year-over-year basis. During the same period last year, the business earned $0.46 EPS. On average, sell-side analysts predict that Reynolds Consumer Products Inc. will post 1.66 EPS for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Friday, August 15th. Reynolds Consumer Products’s payout ratio is currently 61.74%.

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.