Reynolds Consumer Products Inc. (NASDAQ:REYN) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its position in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) by 30.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,241 shares of the company’s stock after selling 7,025 shares during the period. SG Americas Securities LLC’s holdings in Reynolds Consumer Products were worth $438,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. True Wealth Design LLC purchased a new stake in Reynolds Consumer Products during the 3rd quarter worth about $29,000. Eagle Bay Advisors LLC acquired a new position in Reynolds Consumer Products in the fourth quarter valued at approximately $40,000. Capital Performance Advisors LLP acquired a new position in shares of Reynolds Consumer Products in the 3rd quarter valued at $70,000. Abich Financial Wealth Management LLC lifted its position in Reynolds Consumer Products by 21.3% in the third quarter. Abich Financial Wealth Management LLC now owns 2,357 shares of the company’s stock valued at $73,000 after acquiring an additional 414 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its position in shares of Reynolds Consumer Products by 93.7% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,561 shares of the company’s stock valued at $80,000 after purchasing an additional 1,239 shares during the period. 26.81% of the stock is owned by institutional investors and hedge funds.

Reynolds Consumer Products Price Performance

Shares of NASDAQ:REYN opened at $27.61 on Monday. Reynolds Consumer Products Inc. has a one year low of $25.88 and a one year high of $32.65. The stock has a market cap of $5.80 billion, a PE ratio of 15.78 and a beta of 0.50. The business’s fifty day moving average price is $27.33 and its two-hundred day moving average price is $28.80. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of $0.23 per share. The ex-dividend date is Friday, February 14th. This represents a $0.92 annualized dividend and a yield of 3.33%. Reynolds Consumer Products’s dividend payout ratio (DPR) is presently 52.57%.

Insiders Place Their Bets

In other news, Director Helen Golding purchased 1,190 shares of the stock in a transaction on Thursday, November 14th. The stock was purchased 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 in the company, valued at approximately $32,820.20. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Rolf Stangl acquired 3,682 shares of the firm’s stock in a transaction on Thursday, December 19th. The shares were acquired at an average price of $27.50 per share, with a total value of $101,255.00. Following the completion of the purchase, the director now owns 10,889 shares of the company’s stock, valued at $299,447.50. This trade represents a 51.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently commented on REYN. Barclays reduced their price target on shares of Reynolds Consumer Products from $28.00 to $27.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. UBS Group dropped their price target on shares of Reynolds Consumer Products from $30.00 to $29.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Finally, JPMorgan Chase & Co. dropped their price objective on Reynolds Consumer Products from $30.00 to $28.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $30.86.

About Reynolds Consumer Products

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.