Captrust Financial Advisors reduced its stake in Reynolds Consumer Products Inc. (NASDAQ:REYN – Free Report) by 20.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,524 shares of the company’s stock after selling 1,898 shares during the period. Captrust Financial Advisors’ holdings in Reynolds Consumer Products were worth $234,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also made changes to their positions in REYN. Martingale Asset Management L P lifted its stake in Reynolds Consumer Products by 7.5% during the third quarter. Martingale Asset Management L P now owns 75,475 shares of the company’s stock worth $2,347,000 after purchasing an additional 5,276 shares during the last quarter. Quantbot Technologies LP lifted its stake in Reynolds Consumer Products by 3.8% during the third quarter. Quantbot Technologies LP now owns 29,395 shares of the company’s stock worth $914,000 after purchasing an additional 1,085 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Reynolds Consumer Products during the third quarter worth $851,000. Cerity Partners LLC lifted its stake in Reynolds Consumer Products by 6.9% during the third quarter. Cerity Partners LLC now owns 22,682 shares of the company’s stock worth $705,000 after purchasing an additional 1,457 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Reynolds Consumer Products by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 572,862 shares of the company’s stock worth $17,816,000 after purchasing an additional 6,065 shares during the last quarter. 26.81% of the stock is currently owned by institutional investors.
Reynolds Consumer Products Stock Up 0.9 %
Shares of REYN opened at $28.42 on Monday. The stock has a market capitalization of $5.97 billion, a price-to-earnings ratio of 16.24 and a beta of 0.50. Reynolds Consumer Products Inc. has a 52 week low of $26.26 and a 52 week high of $32.65. The stock has a fifty day moving average of $28.43 and a 200-day moving average of $29.01. 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 (NASDAQ:REYN – Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.41 earnings per share (EPS) 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 company had revenue of $910.00 million for the quarter, compared to the consensus estimate of $902.88 million. During the same period last year, the company earned $0.37 EPS. Reynolds Consumer Products’s revenue for the quarter was down 2.7% compared to the same quarter last year. As a group, sell-side analysts anticipate 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 declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a dividend of $0.23 per share. The ex-dividend date was Friday, November 15th. This represents a $0.92 annualized dividend and a dividend yield of 3.24%. Reynolds Consumer Products’s payout ratio is currently 52.57%.
Insider Transactions at Reynolds Consumer Products
In other Reynolds Consumer Products news, Director Rolf Stangl purchased 7,207 shares of the stock in a transaction on 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 completion of the purchase, the director now directly owns 7,207 shares of the company’s stock, valued at approximately $196,390.75. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Helen Golding purchased 1,190 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were acquired at an average price of $27.58 per share, with a total value of $32,820.20. Following the completion of the transaction, the director now owns 1,190 shares of the company’s stock, valued at approximately $32,820.20. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.20% of the stock is currently owned by company insiders.
Analyst Ratings Changes
REYN has been the subject of a number of research reports. Barclays dropped their price target on Reynolds Consumer Products from $29.00 to $28.00 and set an “equal weight” rating for the company in a research note on Thursday, October 31st. Jefferies Financial Group initiated coverage on Reynolds Consumer Products in a research note on Thursday, August 29th. They issued a “buy” rating and a $38.00 price target for the company. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Reynolds Consumer Products has an average rating of “Hold” and a consensus price target of $32.17.
Get Our Latest Analysis on REYN
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.
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