Fox Run Management L.L.C. Has $680,000 Stock Holdings in Reynolds Consumer Products Inc. (NASDAQ:REYN)

Fox Run Management L.L.C. boosted its stake in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) by 210.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 25,178 shares of the company's stock after acquiring an additional 17,065 shares during the period. Fox Run Management L.L.C.'s holdings in Reynolds Consumer Products were worth $680,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Isthmus Partners LLC raised its position in shares of Reynolds Consumer Products by 0.6% during the 4th quarter. Isthmus Partners LLC now owns 87,307 shares of the company's stock worth $2,356,000 after purchasing an additional 533 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Reynolds Consumer Products by 4.4% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 13,432 shares of the company's stock valued at $363,000 after acquiring an additional 566 shares during the last quarter. MML Investors Services LLC lifted its position in shares of Reynolds Consumer Products by 1.3% in the third quarter. MML Investors Services LLC now owns 48,700 shares of the company's stock valued at $1,515,000 after acquiring an additional 641 shares in the last quarter. Blue Trust Inc. increased its position in shares of Reynolds Consumer Products by 115.2% during the fourth quarter. Blue Trust Inc. now owns 1,304 shares of the company's stock worth $35,000 after purchasing an additional 698 shares in the last quarter. Finally, Kestra Private Wealth Services LLC raised its stake in Reynolds Consumer Products by 5.2% in the 4th quarter. Kestra Private Wealth Services LLC now owns 16,419 shares of the company's stock valued at $443,000 after purchasing an additional 814 shares during the last quarter. 26.81% of the stock is owned by hedge funds and other institutional investors.

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Insider Transactions at Reynolds Consumer Products

In other Reynolds Consumer Products news, Director Rolf Stangl acquired 6,000 shares of the company's stock in a transaction that occurred on Monday, February 10th. The shares were purchased at an average price of $24.89 per share, for a total transaction of $149,340.00. Following the completion of the purchase, the director now directly owns 16,889 shares in the company, valued at $420,367.21. The trade was a 55.10 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.15% of the company's stock.

Reynolds Consumer Products Price Performance

Shares of REYN stock traded down $0.02 during midday trading on Friday, reaching $23.80. 489,496 shares of the company traded hands, compared to its average volume of 581,748. The firm's 50 day simple moving average is $24.99 and its two-hundred day simple moving average is $27.33. The firm has a market cap of $5.01 billion, a PE ratio of 14.17 and a beta of 0.56. Reynolds Consumer Products Inc. has a 1-year low of $23.13 and a 1-year high of $32.65. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.04 and a quick ratio of 0.99.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last announced its 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, equities research analysts expect that Reynolds Consumer Products Inc. will post 1.66 EPS for the current fiscal year.

Reynolds Consumer Products Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 3.87%. The ex-dividend date was Friday, February 14th. Reynolds Consumer Products's dividend payout ratio (DPR) is 54.76%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on REYN. Canaccord Genuity Group lowered their target price on Reynolds Consumer Products from $31.00 to $30.00 and set a "hold" rating on the stock in a report on Thursday, February 6th. JPMorgan Chase & Co. decreased their target price on shares of Reynolds Consumer Products from $30.00 to $28.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. UBS Group lowered their price target on Reynolds Consumer Products from $30.00 to $29.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Evercore ISI dropped their price objective 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. Finally, Stifel Nicolaus lowered their target price on Reynolds Consumer Products from $32.00 to $31.00 and set a "hold" rating for the company in a research note on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $30.38.

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.