Jones Financial Companies Lllp Has $79,000 Stake in Reynolds Consumer Products Inc. (NASDAQ:REYN)

Jones Financial Companies Lllp lessened its stake in shares of Reynolds Consumer Products Inc. (NASDAQ:REYNFree Report) by 29.8% during the fourth quarter, Holdings Channel reports. The fund owned 2,940 shares of the company’s stock after selling 1,250 shares during the quarter. Jones Financial Companies Lllp’s holdings in Reynolds Consumer Products were worth $79,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of REYN. Allspring Global Investments Holdings LLC increased its stake in Reynolds Consumer Products by 1.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 13,107,822 shares of the company’s stock valued at $351,564,000 after purchasing an additional 182,353 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Reynolds Consumer Products by 13.0% in the 4th quarter. Bank of New York Mellon Corp now owns 1,211,805 shares of the company’s stock valued at $32,707,000 after buying an additional 139,576 shares during the period. Charles Schwab Investment Management Inc. increased its position in Reynolds Consumer Products by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 572,862 shares of the company’s stock valued at $17,816,000 after buying an additional 6,065 shares in the last quarter. Verition Fund Management LLC acquired a new position in Reynolds Consumer Products during the 3rd quarter worth approximately $12,844,000. Finally, Olstein Capital Management L.P. boosted its holdings in Reynolds Consumer Products by 43.3% in the fourth quarter. Olstein Capital Management L.P. now owns 237,000 shares of the company’s stock worth $6,397,000 after acquiring an additional 71,624 shares in the last quarter. 26.81% of the stock is owned by institutional investors.

Reynolds Consumer Products Stock Up 0.1 %

REYN opened at $23.41 on Monday. Reynolds Consumer Products Inc. has a fifty-two week low of $23.13 and a fifty-two week high of $32.65. The firm has a market capitalization of $4.92 billion, a P/E ratio of 13.93 and a beta of 0.56. The company’s 50-day moving average is $25.55 and its 200 day moving average is $27.85. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.04 and a quick ratio of 0.99.

Reynolds Consumer Products (NASDAQ:REYNGet Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.58 EPS for the quarter, meeting the consensus estimate of $0.58. Reynolds Consumer Products had a net margin of 9.56% and a return on equity of 17.14%. Research analysts expect that Reynolds Consumer Products Inc. will post 1.66 earnings per share for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.23 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.92 annualized dividend and a yield of 3.93%. Reynolds Consumer Products’s dividend payout ratio is currently 54.76%.

Analyst Upgrades and Downgrades

REYN has been the subject of several recent research reports. Stifel Nicolaus decreased their price objective on Reynolds Consumer Products from $32.00 to $31.00 and set a “hold” rating for the company in a report on Thursday, February 6th. Canaccord Genuity Group decreased their price target on shares of Reynolds Consumer Products from $31.00 to $30.00 and set a “hold” rating for the company in a research note on Thursday, February 6th. Evercore ISI dropped their price objective on shares of Reynolds Consumer Products from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. UBS Group decreased their target price on shares of Reynolds Consumer Products from $30.00 to $29.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $32.00 price target on shares of Reynolds Consumer Products in a research report on Monday, February 3rd. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $30.38.

Get Our Latest Analysis on REYN

Insider Buying and Selling at Reynolds Consumer Products

In related news, Director Rolf Stangl acquired 6,000 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was acquired at an average price of $24.89 per share, for a total transaction of $149,340.00. Following the completion of the acquisition, the director now owns 16,889 shares of the company’s stock, valued at approximately $420,367.21. This represents a 55.10 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.20% of the company’s stock.

Reynolds Consumer Products Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding REYN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Reynolds Consumer Products Inc. (NASDAQ:REYNFree Report).

Institutional Ownership by Quarter for Reynolds Consumer Products (NASDAQ:REYN)

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