Proficio Capital Partners LLC Makes New $424,000 Investment in Reynolds Consumer Products Inc. (NASDAQ:REYN)

Proficio Capital Partners LLC bought a new position in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 15,708 shares of the company's stock, valued at approximately $424,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Covestor Ltd boosted its position in Reynolds Consumer Products by 14.8% in the 3rd quarter. Covestor Ltd now owns 4,564 shares of the company's stock valued at $142,000 after buying an additional 588 shares during the last quarter. MML Investors Services LLC grew its stake in Reynolds Consumer Products by 1.3% during the 3rd quarter. MML Investors Services LLC now owns 48,700 shares of the company's stock valued at $1,515,000 after purchasing an additional 641 shares in the last quarter. Blue Trust Inc. increased its holdings in Reynolds Consumer Products by 115.2% during the 4th quarter. Blue Trust Inc. now owns 1,304 shares of the company's stock worth $35,000 after purchasing an additional 698 shares during the last quarter. Kestra Private Wealth Services LLC boosted its stake in shares of Reynolds Consumer Products by 5.2% during the 4th quarter. Kestra Private Wealth Services LLC now owns 16,419 shares of the company's stock valued at $443,000 after buying an additional 814 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its position in shares of Reynolds Consumer Products by 36.0% during the fourth quarter. Venturi Wealth Management LLC now owns 3,482 shares of the company's stock worth $94,000 after buying an additional 921 shares in the last quarter. 26.81% of the stock is currently owned by hedge funds and other institutional investors.

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Reynolds Consumer Products Stock Down 1.3 %

Reynolds Consumer Products stock traded down $0.33 during mid-day trading on Tuesday, hitting $24.27. The company's stock had a trading volume of 682,649 shares, compared to its average volume of 636,777. Reynolds Consumer Products Inc. has a 52-week low of $23.35 and a 52-week high of $32.65. The company has a market cap of $5.10 billion, a PE ratio of 14.45 and a beta of 0.56. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.04 and a quick ratio of 0.99. The firm's 50 day moving average is $25.81 and its 200 day moving average is $28.06.

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

Reynolds Consumer Products Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date was Friday, February 14th. Reynolds Consumer Products's dividend payout ratio (DPR) is presently 54.76%.

Analysts Set New Price Targets

Several analysts recently issued reports on REYN shares. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $32.00 price target on shares of Reynolds Consumer Products in a report on Monday, February 3rd. Stifel Nicolaus dropped their price target on Reynolds Consumer Products from $32.00 to $31.00 and set a "hold" rating on the stock in a research report on Thursday, February 6th. Canaccord Genuity Group decreased 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 report on Thursday, February 6th. Barclays dropped their target price on shares of Reynolds Consumer Products from $27.00 to $25.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. Finally, Evercore ISI decreased their price target on shares of Reynolds Consumer Products from $33.00 to $30.00 and set an "outperform" rating for the company in a report on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Reynolds Consumer Products presently has a consensus rating of "Hold" and a consensus target price of $30.38.

Insider Activity

In other Reynolds Consumer Products news, Director Rolf Stangl bought 6,000 shares of the stock in a transaction on Monday, February 10th. The shares were purchased 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 $420,367.21. This represents a 55.10 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is owned by corporate insiders.

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.