Proficio Capital Partners LLC Takes $424,000 Position in Reynolds Consumer Products Inc. (NASDAQ:REYN)

Proficio Capital Partners LLC bought a new stake in Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,708 shares of the company's stock, valued at approximately $424,000.

A number of other large investors also recently made changes to their positions in REYN. True Wealth Design LLC bought a new position in Reynolds Consumer Products during the third quarter valued at $29,000. Blue Trust Inc. boosted its position in shares of Reynolds Consumer Products by 115.2% during the 4th quarter. Blue Trust Inc. now owns 1,304 shares of the company's stock valued at $35,000 after acquiring an additional 698 shares during the last quarter. Eagle Bay Advisors LLC purchased a new position in Reynolds Consumer Products in the 4th quarter worth approximately $40,000. Point72 Hong Kong Ltd purchased a new position in Reynolds Consumer Products in the third quarter worth $90,000. Finally, Venturi Wealth Management LLC increased its position in shares of Reynolds Consumer Products by 36.0% during the 4th quarter. Venturi Wealth Management LLC now owns 3,482 shares of the company's stock valued at $94,000 after purchasing an additional 921 shares during the last quarter. 26.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Canaccord Genuity Group decreased their target price on shares of Reynolds Consumer Products from $31.00 to $30.00 and set a "hold" rating on the stock in a research note on Thursday, February 6th. Evercore ISI reduced their target price on 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. Barclays dropped their price target on Reynolds Consumer Products from $27.00 to $25.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. UBS Group reduced their price objective on shares of Reynolds Consumer Products from $30.00 to $29.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Finally, Stifel Nicolaus cut their target price on shares of 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. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, Reynolds Consumer Products presently has an average rating of "Hold" and an average price target of $30.38.

Remove Ads

Reynolds Consumer Products Stock Down 0.1 %

Shares of Reynolds Consumer Products stock traded down $0.02 during trading on Friday, hitting $23.80. The company's stock had a trading volume of 489,496 shares, compared to its average volume of 580,918. Reynolds Consumer Products Inc. has a 52 week low of $23.13 and a 52 week high of $32.65. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.99 and a current ratio of 2.04. The company has a fifty day simple moving average of $25.05 and a two-hundred day simple moving average of $27.39. The company has a market capitalization of $5.01 billion, a PE ratio of 14.17 and a beta of 0.56.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last released its earnings results on Wednesday, February 5th. The company reported $0.58 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.58. Reynolds Consumer Products had a net margin of 9.56% and a return on equity of 17.14%. Equities 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 declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.87%. The ex-dividend date of this dividend was Friday, February 14th. Reynolds Consumer Products's dividend payout ratio is presently 54.76%.

Insider Buying and Selling

In other news, Director Rolf Stangl bought 6,000 shares of the firm's stock in a transaction on Monday, February 10th. The stock was acquired at an average cost of $24.89 per share, with a total value of $149,340.00. Following the completion of the acquisition, the director now owns 16,889 shares of the company's stock, valued at approximately $420,367.21. This represents a 55.10 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.15% of the stock is currently owned by company insiders.

Reynolds Consumer Products 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.