Jones Financial Companies Lllp Sells 1,250 Shares of Reynolds Consumer Products Inc. (NASDAQ:REYN)

Jones Financial Companies Lllp lowered its stake in Reynolds Consumer Products Inc. (NASDAQ:REYN) by 29.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,940 shares of the company’s stock after selling 1,250 shares during the period. Jones Financial Companies Lllp’s holdings in Reynolds Consumer Products were worth $79,000 as of its most recent filing with the SEC.

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

Insider Transactions at Reynolds Consumer Products

In other news, Director Rolf Stangl purchased 6,000 shares of the stock in a transaction on Monday, February 10th. The stock was purchased at an average price of $24.89 per share, for a total transaction of $149,340.00. Following the acquisition, the director now owns 16,889 shares in the company, valued at $420,367.21. This trade represents a 55.10 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is owned by corporate insiders.

Reynolds Consumer Products Trading Up 0.1 %

REYN opened at $23.41 on Monday. 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 Inc. has a fifty-two week low of $23.13 and a fifty-two week high of $32.65. The company’s 50 day moving average price is $25.55 and its two-hundred day moving average price is $27.85. The firm has a market capitalization of $4.92 billion, a price-to-earnings ratio of 13.93 and a beta of 0.56.

Reynolds Consumer Products (NASDAQ:REYN) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.58 earnings per share for the quarter, hitting the consensus estimate of $0.58. Reynolds Consumer Products had a net margin of 9.56% and a return on equity of 17.14%. As a group, research analysts predict that Reynolds Consumer Products Inc. will post 1.66 earnings per share for the current year.

Reynolds Consumer Products Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.93%. Reynolds Consumer Products’s dividend payout ratio (DPR) is 54.76%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on REYN shares. Stifel Nicolaus decreased their price target on Reynolds Consumer Products from $32.00 to $31.00 and set a “hold” rating on the stock in a research note on Thursday, February 6th. JPMorgan Chase & Co. lowered their target price on Reynolds Consumer Products from $30.00 to $28.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Evercore ISI reduced 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. Canaccord Genuity Group lowered their price objective on shares of Reynolds Consumer Products from $31.00 to $30.00 and set a “hold” rating for the company in a research report on Thursday, February 6th. Finally, Barclays cut their target price on shares of Reynolds Consumer Products from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $30.38.

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.