Reynolds Consumer Products Inc. (NASDAQ:REYN) Shares Bought by LPL Financial LLC

LPL Financial LLC boosted its position in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) by 38.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,841 shares of the company's stock after acquiring an additional 11,582 shares during the period. LPL Financial LLC's holdings in Reynolds Consumer Products were worth $1,129,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. increased its stake in Reynolds Consumer Products by 115.2% during the 4th quarter. Blue Trust Inc. now owns 1,304 shares of the company's stock valued at $35,000 after purchasing an additional 698 shares in the last quarter. Eagle Bay Advisors LLC acquired a new position in Reynolds Consumer Products during the 4th quarter valued at approximately $40,000. Farther Finance Advisors LLC increased its stake in Reynolds Consumer Products by 667.1% during the 4th quarter. Farther Finance Advisors LLC now owns 2,585 shares of the company's stock valued at $70,000 after purchasing an additional 2,248 shares in the last quarter. Venturi Wealth Management LLC increased its stake in Reynolds Consumer Products by 36.0% during the 4th quarter. Venturi Wealth Management LLC now owns 3,482 shares of the company's stock valued at $94,000 after purchasing an additional 921 shares in the last quarter. Finally, Global Retirement Partners LLC increased its stake in Reynolds Consumer Products by 29.5% during the 4th quarter. Global Retirement Partners LLC now owns 6,953 shares of the company's stock valued at $188,000 after purchasing an additional 1,584 shares in the last quarter. Hedge funds and other institutional investors own 26.81% of the company's stock.

Insider Buying and Selling

In other news, Director Rolf Stangl acquired 6,000 shares of the business's stock in a transaction on 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 purchase, the director now owns 16,889 shares in the company, valued at approximately $420,367.21. This represents a 55.10 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.15% of the stock is currently owned by insiders.

Reynolds Consumer Products Stock Performance

Shares of REYN stock traded down $0.13 on Thursday, hitting $23.47. The company had a trading volume of 58,006 shares, compared to its average volume of 603,274. The firm has a market cap of $4.94 billion, a P/E ratio of 13.95 and a beta of 0.64. Reynolds Consumer Products Inc. has a twelve month low of $21.90 and a twelve month high of $32.65. 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 company has a 50-day moving average price of $23.80 and a 200-day moving average price of $26.31.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.58 earnings per share for the quarter, hitting analysts' consensus estimates of $0.58. Reynolds Consumer Products had a return on equity of 17.14% and a net margin of 9.56%. As a group, equities research analysts predict that Reynolds Consumer Products Inc. will post 1.66 earnings per share for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.23 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.92 dividend on an annualized basis and a yield of 3.92%. Reynolds Consumer Products's payout ratio is 54.76%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on REYN shares. Barclays cut their price target on shares of Reynolds Consumer Products from $27.00 to $25.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 6th. UBS Group reduced their target price on shares of Reynolds Consumer Products from $29.00 to $26.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Canaccord Genuity Group lowered their price target on shares of Reynolds Consumer Products from $30.00 to $27.00 and set a "hold" rating on the stock in a report on Wednesday. Royal Bank of Canada reiterated a "sector perform" rating and set a $32.00 price objective on shares of Reynolds Consumer Products in a research note on Monday, February 3rd. Finally, Stifel Nicolaus decreased their price objective on Reynolds Consumer Products from $31.00 to $27.00 and set a "hold" rating for the company in a report on Thursday, April 10th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $28.63.

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.