EntryPoint Capital LLC Takes $604,000 Position in Reynolds Consumer Products Inc. (NASDAQ:REYN)

EntryPoint Capital LLC acquired a new stake in Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 22,380 shares of the company's stock, valued at approximately $604,000.

A number of other institutional investors also recently bought and sold shares of REYN. True Wealth Design LLC purchased a new position in shares of Reynolds Consumer Products in the third quarter valued at $29,000. Blue Trust Inc. raised its position in Reynolds Consumer Products by 115.2% during the fourth quarter. Blue Trust Inc. now owns 1,304 shares of the company's stock worth $35,000 after acquiring an additional 698 shares during the last quarter. Eagle Bay Advisors LLC acquired a new stake in shares of Reynolds Consumer Products in the fourth quarter valued at approximately $40,000. Farther Finance Advisors LLC increased its stake in shares of Reynolds Consumer Products by 667.1% during the 4th quarter. Farther Finance Advisors LLC now owns 2,585 shares of the company's stock worth $70,000 after purchasing an additional 2,248 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in Reynolds Consumer Products in the 3rd quarter valued at approximately $90,000. 26.81% of the stock is currently owned by hedge funds and other institutional investors.

Reynolds Consumer Products Trading Down 0.1 %

NASDAQ:REYN traded down $0.02 during trading hours on Friday, reaching $23.80. 489,496 shares of the company were exchanged, compared to its average volume of 581,748. The firm has a market cap of $5.01 billion, a price-to-earnings ratio of 14.17 and a beta of 0.56. The stock has a 50 day simple moving average of $24.99 and a 200 day simple moving average of $27.30. 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 current ratio of 2.04 and a quick ratio of 0.99.

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Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last issued its earnings results 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 return on equity of 17.14% and a net margin of 9.56%. As a group, analysts predict that Reynolds Consumer Products Inc. will post 1.66 EPS for the current year.

Reynolds Consumer Products Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date was Friday, February 14th. Reynolds Consumer Products's payout ratio is currently 54.76%.

Insider Buying and Selling

In other Reynolds Consumer Products news, Director Rolf Stangl bought 6,000 shares of Reynolds Consumer Products stock in a transaction that occurred on Monday, February 10th. The shares were acquired 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 of the company's stock, valued at $420,367.21. The trade was a 55.10 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.15% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Canaccord Genuity Group cut their price target on Reynolds Consumer Products from $31.00 to $30.00 and set a "hold" rating for the company in a report on Thursday, February 6th. Evercore ISI reduced their target price on shares of Reynolds Consumer Products from $33.00 to $30.00 and set an "outperform" rating on the stock in a report on Thursday, February 6th. Stifel Nicolaus lowered their price target on shares of Reynolds Consumer Products from $32.00 to $31.00 and set a "hold" rating for the company in a report on Thursday, February 6th. Royal Bank of Canada restated a "sector perform" rating and set a $32.00 target price on shares of Reynolds Consumer Products in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. cut their price target on Reynolds Consumer Products from $30.00 to $28.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. 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, the stock has a consensus rating of "Hold" and an average 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.