46,529 Shares in Reynolds Consumer Products Inc. (NASDAQ:REYN) Bought by Natixis

Natixis purchased a new stake in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 46,529 shares of the company's stock, valued at approximately $1,256,000.

Other large investors have also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. boosted its position in shares of Reynolds Consumer Products by 4.4% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 13,432 shares of the company's stock valued at $363,000 after purchasing an additional 566 shares in the last quarter. Barclays PLC boosted its holdings in shares of Reynolds Consumer Products by 173.9% during the 3rd quarter. Barclays PLC now owns 63,121 shares of the company's stock worth $1,963,000 after buying an additional 40,075 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Reynolds Consumer Products during the 4th quarter worth approximately $424,000. Charles Schwab Investment Management Inc. increased its stake in shares of Reynolds Consumer Products by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 591,906 shares of the company's stock valued at $15,976,000 after acquiring an additional 19,044 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Reynolds Consumer Products by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 5,843,058 shares of the company's stock valued at $157,704,000 after acquiring an additional 17,756 shares during the period. 26.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Reynolds Consumer Products

In other Reynolds Consumer Products news, Director Rolf Stangl bought 6,000 shares of the stock in a transaction dated Monday, February 10th. The shares were bought at an average cost of $24.89 per share, for a total transaction of $149,340.00. Following the purchase, the director now directly owns 16,889 shares of the company's stock, valued at approximately $420,367.21. This trade represents a 55.10 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.15% of the company's stock.

Reynolds Consumer Products Trading Up 1.8 %

Shares of Reynolds Consumer Products stock opened at $24.08 on Wednesday. The company has a market capitalization of $5.06 billion, a P/E ratio of 14.33 and a beta of 0.64. The stock has a fifty day simple moving average of $23.81 and a 200 day simple moving average of $26.33. Reynolds Consumer Products Inc. has a 12-month low of $21.90 and a 12-month high of $32.65. The company has a current ratio of 2.04, a quick ratio of 0.99 and a debt-to-equity ratio of 0.79.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported $0.58 earnings per share (EPS) 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%. On average, sell-side analysts anticipate that Reynolds Consumer Products Inc. will post 1.66 earnings per share for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders 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 annualized dividend and a dividend yield of 3.82%. Reynolds Consumer Products's dividend payout ratio is currently 54.76%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. UBS Group decreased their price target on shares of Reynolds Consumer Products from $29.00 to $26.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $32.00 price target on shares of Reynolds Consumer Products in a research note on Monday, February 3rd. Stifel Nicolaus reduced their price objective on Reynolds Consumer Products from $31.00 to $27.00 and set a "hold" rating for the company in a research note on Thursday, April 10th. Barclays lowered their target price on 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. Finally, Evercore ISI reduced their price target on shares of Reynolds Consumer Products from $33.00 to $30.00 and set an "outperform" rating for the company in a research report on Thursday, February 6th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $29.00.

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.

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