Victory Capital Management Inc. Has $526,000 Position in Reynolds Consumer Products Inc. (NASDAQ:REYN)

Victory Capital Management Inc. raised its stake in Reynolds Consumer Products Inc. (NASDAQ:REYN) by 14.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,471 shares of the company’s stock after purchasing an additional 2,508 shares during the period. Victory Capital Management Inc.’s holdings in Reynolds Consumer Products were worth $526,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of REYN. ARGA Investment Management LP acquired a new position in shares of Reynolds Consumer Products in the third quarter valued at about $751,000. Barclays PLC grew its stake in shares of Reynolds Consumer Products by 173.9% in the third quarter. Barclays PLC now owns 63,121 shares of the company’s stock valued at $1,963,000 after acquiring an additional 40,075 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Reynolds Consumer Products in the third quarter valued at about $4,397,000. Proficio Capital Partners LLC acquired a new position in shares of Reynolds Consumer Products in the fourth quarter valued at about $424,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Reynolds Consumer Products in the third quarter valued at about $851,000. 26.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Evercore ISI decreased their price target 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. Royal Bank of Canada restated a “sector perform” rating and issued a $32.00 price target on shares of Reynolds Consumer Products in a research note on Monday, February 3rd. JPMorgan Chase & Co. decreased their price target on shares of Reynolds Consumer Products from $30.00 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Barclays cut their price objective on shares of Reynolds Consumer Products from $27.00 to $25.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Finally, UBS Group cut their price objective 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. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $30.38.

Insider Transactions at Reynolds Consumer Products

In other Reynolds Consumer Products news, Director Rolf Stangl acquired 6,000 shares of the company’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 acquisition, the director now directly owns 16,889 shares in the company, valued at $420,367.21. This represents a 55.10 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.15% of the company’s stock.

Reynolds Consumer Products Trading Up 0.1 %

REYN opened at $23.67 on Friday. The stock has a market capitalization of $4.98 billion, a price-to-earnings ratio of 14.09 and a beta of 0.56. The company has a quick ratio of 0.99, a current ratio of 2.04 and a debt-to-equity ratio of 0.79. Reynolds Consumer Products Inc. has a twelve month low of $23.13 and a twelve month high of $32.65. The company has a 50-day simple moving average of $25.30 and a 200 day simple moving average of $27.63.

Reynolds Consumer Products (NASDAQ:REYN) last posted its earnings results on Wednesday, February 5th. The company reported $0.58 EPS for the quarter, hitting analysts’ consensus estimates of $0.58. Reynolds Consumer Products had a net margin of 9.56% and a return on equity of 17.14%. Analysts predict that Reynolds Consumer Products Inc. will post 1.66 EPS for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.23 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.89%. Reynolds Consumer Products’s dividend payout ratio (DPR) is currently 54.76%.

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.