9,616 Shares in Reynolds Consumer Products Inc. (NASDAQ:REYN) Acquired by XTX Topco Ltd

XTX Topco Ltd acquired a new position in Reynolds Consumer Products Inc. (NASDAQ:REYN) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 9,616 shares of the company’s stock, valued at approximately $299,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. True Wealth Design LLC acquired a new position in shares of Reynolds Consumer Products in the third quarter worth approximately $29,000. Abich Financial Wealth Management LLC acquired a new position in shares of Reynolds Consumer Products in the second quarter worth approximately $54,000. Capital Performance Advisors LLP acquired a new position in shares of Reynolds Consumer Products in the third quarter worth approximately $70,000. Venturi Wealth Management LLC lifted its stake in shares of Reynolds Consumer Products by 93.7% in the third quarter. Venturi Wealth Management LLC now owns 2,561 shares of the company’s stock worth $80,000 after acquiring an additional 1,239 shares during the period. Finally, International Assets Investment Management LLC lifted its stake in shares of Reynolds Consumer Products by 3,009.9% in the third quarter. International Assets Investment Management LLC now owns 2,830 shares of the company’s stock worth $91,000 after acquiring an additional 2,739 shares during the period. 26.81% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Reynolds Consumer Products

In related news, Director Helen Golding purchased 1,190 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was acquired at an average price of $27.58 per share, for a total transaction of $32,820.20. Following the completion of the acquisition, the director now owns 1,190 shares of the company’s stock, valued at $32,820.20. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rolf Stangl purchased 7,207 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were bought at an average price of $27.25 per share, with a total value of $196,390.75. Following the acquisition, the director now directly owns 7,207 shares of the company’s stock, valued at $196,390.75. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Jefferies Financial Group began coverage on Reynolds Consumer Products in a research note on Thursday, August 29th. They issued a “buy” rating and a $38.00 price objective on the stock. Barclays dropped their price target on Reynolds Consumer Products from $29.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 31st. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $32.17.

Reynolds Consumer Products Price Performance

Shares of REYN opened at $27.91 on Wednesday. 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 52-week low of $26.27 and a 52-week high of $32.65. The business’s 50 day moving average price is $28.36 and its two-hundred day moving average price is $29.00. The firm has a market cap of $5.87 billion, a PE ratio of 15.95 and a beta of 0.50.

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

Reynolds Consumer Products Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date of this dividend was Friday, November 15th. Reynolds Consumer Products’s payout ratio is 52.57%.

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.