65,154 Shares in Reynolds Consumer Products Inc. (NASDAQ:REYN) Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. bought a new position in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 65,154 shares of the company's stock, valued at approximately $2,026,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Deroy & Devereaux Private Investment Counsel Inc. increased its position in Reynolds Consumer Products by 0.6% during the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 135,425 shares of the company's stock worth $4,212,000 after purchasing an additional 845 shares in the last quarter. Trajan Wealth LLC purchased a new position in shares of Reynolds Consumer Products during the third quarter valued at approximately $206,000. Abich Financial Wealth Management LLC boosted its position in Reynolds Consumer Products by 21.3% during the third quarter. Abich Financial Wealth Management LLC now owns 2,357 shares of the company's stock worth $73,000 after acquiring an additional 414 shares during the last quarter. Pallas Capital Advisors LLC acquired a new position in Reynolds Consumer Products in the 3rd quarter valued at $277,000. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of Reynolds Consumer Products by 106.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 26,288 shares of the company's stock worth $818,000 after purchasing an additional 13,535 shares during the period. Hedge funds and other institutional investors own 26.81% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Barclays lowered their price objective on Reynolds Consumer Products from $29.00 to $28.00 and set an "equal weight" rating for the company in a research report on Thursday, October 31st. Royal Bank of Canada increased their price target on shares of Reynolds Consumer Products from $31.00 to $32.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 8th. JPMorgan Chase & Co. boosted their price objective on shares of Reynolds Consumer Products from $29.00 to $33.00 and gave the company a "neutral" rating in a research note on Thursday, August 8th. Jefferies Financial Group started coverage on Reynolds Consumer Products in a research report on Thursday, August 29th. They issued a "buy" rating and a $38.00 target price on the stock. Finally, Canaccord Genuity Group boosted their price target on Reynolds Consumer Products from $30.00 to $32.00 and gave the company a "hold" rating in a research report on Thursday, August 8th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $32.17.

Reynolds Consumer Products Stock Up 0.1 %

Reynolds Consumer Products stock traded up $0.03 during trading on Friday, reaching $27.44. 452,387 shares of the company's stock were exchanged, compared to its average volume of 556,852. Reynolds Consumer Products Inc. has a 52-week low of $25.80 and a 52-week high of $32.65. The firm has a market cap of $5.77 billion, a price-to-earnings ratio of 15.68 and a beta of 0.50. 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 company's 50-day moving average is $30.24 and its two-hundred day moving average is $29.17.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last posted its earnings results on Wednesday, October 30th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.01). The company 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%. Reynolds Consumer Products's quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.37 EPS. On average, analysts predict that Reynolds Consumer Products Inc. will post 1.69 earnings per share for the current year.

Reynolds Consumer Products Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 3.35%. The ex-dividend date is Friday, November 15th. Reynolds Consumer Products's dividend payout ratio (DPR) is 52.57%.

Insider Buying and Selling

In other Reynolds Consumer Products news, Director Rolf Stangl bought 7,207 shares of the company's stock in a transaction dated Friday, November 1st. The shares were acquired at an average cost of $27.25 per share, with a total value of $196,390.75. Following the completion of the transaction, the director now owns 7,207 shares in the company, valued at $196,390.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is currently owned by 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.