Reynolds Consumer Products Inc. (NASDAQ:REYN) Shares Sold by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC reduced its stake in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) by 13.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 284,769 shares of the company's stock after selling 42,727 shares during the quarter. Thompson Siegel & Walmsley LLC owned approximately 0.14% of Reynolds Consumer Products worth $7,968,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. GAMMA Investing LLC lifted its holdings in shares of Reynolds Consumer Products by 510.2% in the 2nd quarter. GAMMA Investing LLC now owns 958 shares of the company's stock worth $27,000 after buying an additional 801 shares during the period. Versant Capital Management Inc purchased a new stake in Reynolds Consumer Products in the second quarter worth about $39,000. Quadrant Capital Group LLC grew its holdings in Reynolds Consumer Products by 97.2% during the 4th quarter. Quadrant Capital Group LLC now owns 1,948 shares of the company's stock worth $52,000 after acquiring an additional 960 shares in the last quarter. Principal Securities Inc. bought a new position in Reynolds Consumer Products during the 4th quarter worth about $61,000. Finally, Parallel Advisors LLC increased its position in Reynolds Consumer Products by 26.9% during the 4th quarter. Parallel Advisors LLC now owns 2,288 shares of the company's stock valued at $61,000 after purchasing an additional 485 shares during the period. 26.81% of the stock is currently owned by institutional investors.

Reynolds Consumer Products Stock Down 0.3 %

NASDAQ:REYN traded down $0.08 during mid-day trading on Monday, hitting $31.87. 591,935 shares of the company's stock traded hands, compared to its average volume of 530,896. The company has a fifty day moving average of $29.53 and a 200 day moving average of $28.85. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.01 and a current ratio of 2.13. Reynolds Consumer Products Inc. has a twelve month low of $24.80 and a twelve month high of $32.65. The company has a market capitalization of $6.70 billion, a P/E ratio of 20.30 and a beta of 0.48.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.44 by $0.02. The firm had revenue of $930.00 million during the quarter, compared to analyst estimates of $890.71 million. Reynolds Consumer Products had a net margin of 9.74% and a return on equity of 18.27%. Reynolds Consumer Products's revenue was down 1.1% on a year-over-year basis. During the same period last year, the firm posted $0.32 EPS. On average, analysts forecast that Reynolds Consumer Products Inc. will post 1.69 EPS for the current year.

Reynolds Consumer Products Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend was Friday, August 16th. Reynolds Consumer Products's payout ratio is 58.60%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on REYN. Jefferies Financial Group initiated coverage on shares of Reynolds Consumer Products in a research note on Thursday, August 29th. They set a "buy" rating and a $38.00 price objective on the stock. Canaccord Genuity Group upped their target price on Reynolds Consumer Products from $30.00 to $32.00 and gave the stock a "hold" rating in a report on Thursday, August 8th. Royal Bank of Canada lifted their price target on Reynolds Consumer Products from $31.00 to $32.00 and gave the company a "sector perform" rating in a report on Thursday, August 8th. JPMorgan Chase & Co. upped their price objective on Reynolds Consumer Products from $29.00 to $33.00 and gave the stock a "neutral" rating in a research note on Thursday, August 8th. Finally, Barclays raised their price objective on Reynolds Consumer Products from $28.00 to $29.00 and gave the company an "equal weight" rating in a research report on Thursday, August 8th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $32.00.

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.