Atria Investments Inc Increases Stock Position in Reynolds Consumer Products Inc. (NASDAQ:REYN)

Atria Investments Inc raised its stake in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) by 16.1% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 11,286 shares of the company’s stock after acquiring an additional 1,565 shares during the period. Atria Investments Inc’s holdings in Reynolds Consumer Products were worth $351,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Abich Financial Wealth Management LLC increased its position in shares of Reynolds Consumer Products by 21.3% during the 3rd quarter. Abich Financial Wealth Management LLC now owns 2,357 shares of the company’s stock valued at $73,000 after purchasing an additional 414 shares during the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of Reynolds Consumer Products by 4.7% in the second quarter. Crossmark Global Holdings Inc. now owns 12,181 shares of the company’s stock worth $341,000 after purchasing an additional 550 shares in the last quarter. Signaturefd LLC increased its stake in Reynolds Consumer Products by 13.0% in the 2nd quarter. Signaturefd LLC now owns 5,287 shares of the company’s stock worth $148,000 after buying an additional 608 shares in the last quarter. GAMMA Investing LLC raised its stake in Reynolds Consumer Products by 510.2% during the 2nd quarter. GAMMA Investing LLC now owns 958 shares of the company’s stock valued at $27,000 after purchasing an additional 801 shares during the period. Finally, Deroy & Devereaux Private Investment Counsel Inc. grew its holdings in Reynolds Consumer Products by 0.6% during the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 135,425 shares of the company’s stock valued at $4,212,000 after buying an additional 845 shares in the last quarter. 26.81% of the stock is owned by institutional investors.

Insider Buying and Selling at Reynolds Consumer Products

In other Reynolds Consumer Products news, Director Rolf Stangl bought 7,207 shares of Reynolds Consumer Products stock in a transaction dated Friday, November 1st. The stock was acquired at an average cost of $27.25 per share, with a total value of $196,390.75. Following the purchase, the director now directly owns 7,207 shares in the company, valued at $196,390.75. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Helen Golding purchased 1,190 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was bought at an average cost of $27.58 per share, for a total transaction of $32,820.20. Following the purchase, the director now directly owns 1,190 shares in the company, valued at $32,820.20. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.20% of the stock is currently owned by corporate insiders.

Reynolds Consumer Products Price Performance

Shares of REYN stock opened at $27.61 on Friday. The firm has a market capitalization of $5.80 billion, a price-to-earnings ratio of 15.78 and a beta of 0.50. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 2.04. Reynolds Consumer Products Inc. has a fifty-two week low of $25.80 and a fifty-two week high of $32.65. The stock’s 50-day simple moving average is $29.44 and its 200-day simple moving average is $29.11.

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

Reynolds Consumer Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.92 annualized dividend and a dividend yield of 3.33%. Reynolds Consumer Products’s dividend payout ratio (DPR) is presently 52.57%.

Analysts Set New Price Targets

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

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.