Sei Investments Co. Purchases 92,473 Shares of Reynolds Consumer Products Inc. (NASDAQ:REYN)

Sei Investments Co. increased its position in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) by 13.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 766,463 shares of the company's stock after purchasing an additional 92,473 shares during the period. Sei Investments Co. owned 0.36% of Reynolds Consumer Products worth $20,687,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. True Wealth Design LLC bought a new stake in Reynolds Consumer Products during the third quarter valued at about $29,000. Blue Trust Inc. raised 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 during the period. Eagle Bay Advisors LLC purchased a new position in Reynolds Consumer Products in the 4th quarter worth approximately $40,000. Farther Finance Advisors LLC boosted its stake in Reynolds Consumer Products by 667.1% in the 4th quarter. Farther Finance Advisors LLC now owns 2,585 shares of the company's stock worth $70,000 after purchasing an additional 2,248 shares during the period. Finally, Point72 Hong Kong Ltd bought a new stake in shares of Reynolds Consumer Products during the third quarter valued at approximately $90,000. Hedge funds and other institutional investors own 26.81% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Canaccord Genuity Group dropped their target price 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. Stifel Nicolaus dropped their price objective on shares of Reynolds Consumer Products from $32.00 to $31.00 and set a "hold" rating for the company in a report on Thursday, February 6th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $32.00 target price on shares of Reynolds Consumer Products in a report on Monday, February 3rd. UBS Group dropped their price target on Reynolds Consumer Products from $30.00 to $29.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. Finally, Barclays decreased their price objective on 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. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $30.38.

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Insider Buying and Selling

In other Reynolds Consumer Products news, Director Rolf Stangl acquired 6,000 shares of the business's stock in a transaction on Monday, February 10th. The shares were bought at an average price of $24.89 per share, with a total value of $149,340.00. Following 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 position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 0.15% of the stock is currently owned by corporate insiders.

Reynolds Consumer Products Trading Down 0.1 %

Shares of NASDAQ:REYN traded down $0.02 during trading on Friday, hitting $23.80. The company had a trading volume of 489,496 shares, compared to its average volume of 581,748. The stock has a market cap of $5.01 billion, a price-to-earnings ratio of 14.17 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 company has a fifty day simple moving average of $24.99 and a two-hundred day simple moving average of $27.27. Reynolds Consumer Products Inc. has a one year low of $23.13 and a one year high of $32.65.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last issued 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 return on equity of 17.14% and a net margin of 9.56%. As a group, equities analysts forecast 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. Investors of record on Friday, February 14th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.92 annualized dividend and a yield of 3.87%. Reynolds Consumer Products's payout ratio is 54.76%.

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.