Landscape Capital Management L.L.C. Has $1.23 Million Stake in Reynolds Consumer Products Inc. (NASDAQ:REYN)

Landscape Capital Management L.L.C. lessened its position in Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) by 65.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,420 shares of the company's stock after selling 84,836 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Reynolds Consumer Products were worth $1,226,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. ExodusPoint Capital Management LP increased its stake in Reynolds Consumer Products by 143.8% in the fourth quarter. ExodusPoint Capital Management LP now owns 203,290 shares of the company's stock valued at $5,487,000 after acquiring an additional 119,911 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of Reynolds Consumer Products by 47.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 103,494 shares of the company's stock worth $2,793,000 after purchasing an additional 33,239 shares during the last quarter. Geode Capital Management LLC increased its position 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 in the last quarter. Brandywine Global Investment Management LLC acquired a new stake in shares of Reynolds Consumer Products during the 4th quarter worth about $1,615,000. Finally, Pictet Asset Management Holding SA lifted its holdings in Reynolds Consumer Products by 21.9% during the 4th 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 last quarter. Institutional investors and hedge funds own 26.81% of the company's stock.

Reynolds Consumer Products Stock Performance

Shares of REYN traded up $0.62 during mid-day trading on Friday, hitting $23.90. 777,464 shares of the company's stock were exchanged, compared to its average volume of 601,052. The company has a quick ratio of 0.99, a current ratio of 2.04 and a debt-to-equity ratio of 0.79. The firm has a market cap of $5.03 billion, a price-to-earnings ratio of 14.23 and a beta of 0.64. The stock's 50-day simple moving average is $23.99 and its 200-day simple moving average is $26.66. Reynolds Consumer Products Inc. has a 52 week low of $21.90 and a 52 week high of $32.65.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last posted its quarterly earnings data 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 net margin of 9.56% and a return on equity of 17.14%. On average, equities research analysts expect that Reynolds Consumer Products Inc. will post 1.66 EPS for the current year.

Reynolds Consumer Products Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.85%. The ex-dividend date was Friday, February 14th. Reynolds Consumer Products's dividend payout ratio (DPR) is 54.76%.

Insider Buying and Selling

In related news, Director Rolf Stangl acquired 6,000 shares of the stock in a transaction dated Monday, February 10th. The stock was bought at an average cost of $24.89 per share, for a total transaction 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 $420,367.21. The trade was a 55.10 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.15% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on REYN shares. Canaccord Genuity Group dropped their price objective on shares of Reynolds Consumer Products from $31.00 to $30.00 and set a "hold" rating for the company in a research report on Thursday, February 6th. JPMorgan Chase & Co. dropped their price objective on shares of Reynolds Consumer Products from $26.00 to $24.00 and set a "neutral" rating on the stock in a report on Friday. Royal Bank of Canada reiterated a "sector perform" rating and set a $32.00 target price on shares of Reynolds Consumer Products in a report on Monday, February 3rd. Evercore ISI cut their price target on Reynolds Consumer Products from $33.00 to $30.00 and set an "outperform" rating on the stock in a report on Thursday, February 6th. Finally, Barclays reduced their price target on 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. Six 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, Reynolds Consumer Products currently has a consensus rating of "Hold" and a consensus target price of $29.38.

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.