Reynolds Consumer Products Inc. (NASDAQ:REYN) Shares Bought by Barclays PLC

Barclays PLC raised its holdings in Reynolds Consumer Products Inc. (NASDAQ:REYN) by 173.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 63,121 shares of the company’s stock after purchasing an additional 40,075 shares during the period. Barclays PLC’s holdings in Reynolds Consumer Products were worth $1,963,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. MML Investors Services LLC raised its position in shares of Reynolds Consumer Products by 1.3% during the 3rd quarter. MML Investors Services LLC now owns 48,700 shares of the company’s stock worth $1,515,000 after purchasing an additional 641 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Reynolds Consumer Products during the third quarter valued at approximately $299,000. Jane Street Group LLC raised its holdings in shares of Reynolds Consumer Products by 758.9% during the third quarter. Jane Street Group LLC now owns 167,722 shares of the company’s stock valued at $5,216,000 after acquiring an additional 148,194 shares during the last quarter. Virtus Investment Advisers Inc. lifted its position in shares of Reynolds Consumer Products by 30.0% in the third quarter. Virtus Investment Advisers Inc. now owns 17,702 shares of the company’s stock valued at $551,000 after acquiring an additional 4,086 shares in the last quarter. Finally, Weiss Asset Management LP acquired a new stake in shares of Reynolds Consumer Products in the third quarter worth approximately $777,000. 26.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Reynolds Consumer Products news, Director Helen Golding purchased 1,190 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were bought at an average cost of $27.58 per share, for a total transaction of $32,820.20. Following the completion of the purchase, the director now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Rolf Stangl purchased 7,207 shares of Reynolds Consumer Products stock in a transaction dated Friday, November 1st. The shares were acquired at an average cost of $27.25 per share, for a total transaction of $196,390.75. Following the transaction, the director now directly owns 7,207 shares of the company’s stock, valued at approximately $196,390.75. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 12,079 shares of company stock valued at $330,466. Company insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Barclays decreased their price objective on Reynolds Consumer Products from $29.00 to $28.00 and set an “equal weight” rating on the stock in a report on Thursday, October 31st. Jefferies Financial Group assumed coverage on shares of Reynolds Consumer Products in a research report on Thursday, August 29th. They set a “buy” rating and a $38.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Reynolds Consumer Products presently has a consensus rating of “Hold” and an average target price of $32.17.

Reynolds Consumer Products Stock Up 0.4 %

REYN stock opened at $27.36 on Friday. The firm has a market cap of $5.75 billion, a PE ratio of 15.63 and a beta of 0.50. Reynolds Consumer Products Inc. has a one year low of $26.50 and a one year high of $32.65. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 2.04. The firm’s 50 day moving average price is $27.97 and its 200-day moving average price is $28.95.

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

Reynolds Consumer Products Announces Dividend

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 $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date of this dividend was Friday, November 15th. Reynolds Consumer Products’s dividend payout ratio (DPR) 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.