ExodusPoint Capital Management LP Has $5.49 Million Holdings in Reynolds Consumer Products Inc. (NASDAQ:REYN)

ExodusPoint Capital Management LP increased its stake in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) by 143.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 203,290 shares of the company's stock after purchasing an additional 119,911 shares during the period. ExodusPoint Capital Management LP owned 0.10% of Reynolds Consumer Products worth $5,487,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA boosted its stake in shares of Reynolds Consumer Products by 47.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 103,494 shares of the company's stock valued at $2,793,000 after acquiring an additional 33,239 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Reynolds Consumer Products by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 1,072,422 shares of the company's stock worth $28,953,000 after purchasing an additional 26,664 shares during the period. Brandywine Global Investment Management LLC acquired a new stake in shares of Reynolds Consumer Products during the fourth quarter worth $1,615,000. Pictet Asset Management Holding SA grew its position in shares of Reynolds Consumer Products by 21.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 9,142 shares of the company's stock valued at $247,000 after purchasing an additional 1,643 shares during the period. Finally, New Age Alpha Advisors LLC acquired a new position in Reynolds Consumer Products in the fourth quarter valued at $165,000. Hedge funds and other institutional investors own 26.81% of the company's stock.

Insider Activity at Reynolds Consumer Products

In related news, Director Rolf Stangl bought 6,000 shares of the business's stock in a transaction dated Monday, February 10th. The shares were bought at an average cost of $24.89 per share, with a total value of $149,340.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.15% of the company's stock.

Analyst Ratings Changes

REYN has been the topic of several research analyst reports. Royal Bank of Canada reissued a "sector perform" rating and issued a $32.00 target price on shares of Reynolds Consumer Products in a research report on Monday, February 3rd. Evercore ISI decreased their target price on Reynolds Consumer Products from $33.00 to $30.00 and set an "outperform" rating for the company in a report on Thursday, February 6th. Canaccord Genuity Group dropped their price target 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. Barclays decreased their price objective on shares of Reynolds Consumer Products from $27.00 to $25.00 and set an "equal weight" rating for the company in a research report on Thursday, February 6th. Finally, UBS Group dropped their target price on 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. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $29.88.

Reynolds Consumer Products Price Performance

REYN stock traded down $0.19 during trading on Thursday, hitting $23.07. The company had a trading volume of 226,157 shares, compared to its average volume of 596,875. Reynolds Consumer Products Inc. has a fifty-two week low of $21.90 and a fifty-two week high of $32.65. The firm has a market capitalization of $4.85 billion, a price-to-earnings ratio of 13.60 and a beta of 0.64. The business has a 50 day moving average of $24.16 and a 200 day moving average of $26.76. 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 announced its earnings results on Wednesday, February 5th. The company reported $0.58 EPS 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, research analysts predict that Reynolds Consumer Products Inc. will post 1.66 earnings per share for the current year.

Reynolds Consumer Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.92 annualized dividend and a dividend yield of 3.99%. Reynolds Consumer Products's dividend payout ratio is currently 54.76%.

About Reynolds Consumer Products

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.