Reynolds Consumer Products Inc. (NASDAQ:REYN) Shares Purchased by Voya Investment Management LLC

Voya Investment Management LLC grew its stake in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) by 4.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 43,462 shares of the company’s stock after acquiring an additional 1,907 shares during the period. Voya Investment Management LLC’s holdings in Reynolds Consumer Products were worth $1,173,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Penn Capital Management Company LLC raised its holdings in Reynolds Consumer Products by 91.8% during the fourth quarter. Penn Capital Management Company LLC now owns 17,868 shares of the company’s stock worth $482,000 after purchasing an additional 8,551 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Reynolds Consumer Products by 19.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,168 shares of the company’s stock worth $464,000 after buying an additional 2,837 shares in the last quarter. Susquehanna International Group LLP lifted its holdings in shares of Reynolds Consumer Products by 246.4% in the fourth quarter. Susquehanna International Group LLP now owns 155,355 shares of the company’s stock valued at $4,193,000 after buying an additional 110,503 shares during the period. Stifel Financial Corp boosted its stake in Reynolds Consumer Products by 65.0% during the fourth quarter. Stifel Financial Corp now owns 153,845 shares of the company’s stock valued at $4,152,000 after buying an additional 60,616 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in Reynolds Consumer Products by 335.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 17,643 shares of the company’s stock worth $476,000 after acquiring an additional 13,587 shares during the period. 26.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

REYN has been the subject of several research reports. Truist Financial reduced their price objective on shares of Reynolds Consumer Products from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. JPMorgan Chase & Co. decreased their price target on shares of Reynolds Consumer Products from $26.00 to $24.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. Stifel Nicolaus cut their price objective on Reynolds Consumer Products from $31.00 to $27.00 and set a “hold” rating for the company in a research report on Thursday, April 10th. UBS Group decreased their target price on Reynolds Consumer Products from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Thursday, May 1st. Finally, Barclays reduced their target price on Reynolds Consumer Products from $27.00 to $25.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Reynolds Consumer Products has an average rating of “Hold” and an average price target of $28.33.

Reynolds Consumer Products Stock Performance

Shares of Reynolds Consumer Products stock opened at $23.29 on Tuesday. Reynolds Consumer Products Inc. has a 12 month low of $21.90 and a 12 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 stock has a market cap of $4.90 billion, a PE ratio of 13.86 and a beta of 0.61. The business has a fifty day simple moving average of $23.63 and a 200-day simple moving average of $25.88.

Reynolds Consumer Products (NASDAQ:REYN) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.23 EPS for the quarter, hitting analysts’ consensus estimates of $0.23. The firm had revenue of $801.00 million during the quarter, compared to analyst estimates of $821.99 million. Reynolds Consumer Products had a return on equity of 17.14% and a net margin of 9.56%. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period last year, the company posted $0.23 EPS. On average, sell-side analysts anticipate that Reynolds Consumer Products Inc. will post 1.66 EPS for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be paid a $0.23 dividend. The ex-dividend date is Friday, May 16th. This represents a $0.92 annualized dividend and a yield of 3.95%. Reynolds Consumer Products’s dividend payout ratio is presently 57.50%.

Insiders Place Their Bets

In other news, Director Rolf Stangl purchased 6,000 shares of Reynolds Consumer Products stock in a transaction dated Monday, February 10th. The stock was acquired at an average cost of $24.89 per share, for a total transaction of $149,340.00. Following the acquisition, the director now directly owns 16,889 shares in the company, valued at $420,367.21. This represents a 55.10 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.15% of the company’s stock.

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.