Jane Street Group LLC Has $5.22 Million Position in Reynolds Consumer Products Inc. (NASDAQ:REYN)

Jane Street Group LLC increased its position in Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) by 758.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 167,722 shares of the company's stock after acquiring an additional 148,194 shares during the period. Jane Street Group LLC owned approximately 0.08% of Reynolds Consumer Products worth $5,216,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC increased its stake in Reynolds Consumer Products by 1.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 12,925,469 shares of the company's stock valued at $401,982,000 after buying an additional 137,083 shares during the period. Pacer Advisors Inc. increased its stake in Reynolds Consumer Products by 48.6% during the 2nd quarter. Pacer Advisors Inc. now owns 3,890,109 shares of the company's stock valued at $108,845,000 after buying an additional 1,272,353 shares during the period. Dimensional Fund Advisors LP increased its stake in Reynolds Consumer Products by 17.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,781,815 shares of the company's stock valued at $49,859,000 after buying an additional 261,513 shares during the period. AQR Capital Management LLC increased its stake in Reynolds Consumer Products by 122.7% during the 2nd quarter. AQR Capital Management LLC now owns 1,557,835 shares of the company's stock valued at $43,588,000 after buying an additional 858,419 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Reynolds Consumer Products by 7.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,006,647 shares of the company's stock valued at $28,166,000 after buying an additional 66,826 shares during the period. Institutional investors and hedge funds own 26.81% of the company's stock.

Insider Transactions at Reynolds Consumer Products

In related news, Director Helen Golding acquired 1,190 shares of the stock in a transaction dated Thursday, November 14th. The shares were acquired at an average price of $27.58 per share, for a total transaction of $32,820.20. Following the completion of the purchase, the director now owns 1,190 shares in the company, valued at approximately $32,820.20. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Rolf Stangl purchased 7,207 shares of the firm's stock in a transaction on Friday, November 1st. The shares were acquired at an average price of $27.25 per share, for a total transaction of $196,390.75. Following the purchase, the director now directly owns 7,207 shares of the company's stock, valued at approximately $196,390.75. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.20% of the stock is currently owned by corporate insiders.

Reynolds Consumer Products Stock Down 0.4 %

Shares of REYN stock traded down $0.12 during trading on Tuesday, hitting $27.91. 507,031 shares of the company were exchanged, compared to its average volume of 572,902. 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 firm has a market capitalization of $5.87 billion, a price-to-earnings ratio of 15.95 and a beta of 0.50. The business's 50-day simple moving average is $28.36 and its 200 day simple moving average is $29.00. Reynolds Consumer Products Inc. has a twelve month low of $26.27 and a twelve month high of $32.65.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.01). Reynolds Consumer Products had a net margin of 10.03% and a return on equity of 18.27%. The firm had revenue of $910.00 million during the quarter, compared to the consensus estimate of $902.88 million. During the same period in the prior year, the business earned $0.37 EPS. The company's revenue for the quarter was down 2.7% compared to the same quarter last year. As a group, analysts forecast that Reynolds Consumer Products Inc. will post 1.69 EPS for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a $0.23 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.92 annualized dividend and a dividend yield of 3.30%. Reynolds Consumer Products's payout ratio is 52.57%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on REYN shares. Barclays lowered their target price on shares of Reynolds Consumer Products from $29.00 to $28.00 and set an "equal weight" rating on the stock in a research note on Thursday, October 31st. Jefferies Financial Group assumed coverage on shares of Reynolds Consumer Products in a research report on Thursday, August 29th. They set a "buy" rating and a $38.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Reynolds Consumer Products presently has an average rating of "Hold" and an average target price of $32.17.

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.