Reynolds Consumer Products Inc. (NASDAQ:REYN) Stock Holdings Decreased by Crestline Management LP

Crestline Management LP decreased its position in Reynolds Consumer Products Inc. (NASDAQ:REYN) by 15.7% in the fourth quarter, HoldingsChannel reports. The firm owned 22,072 shares of the company’s stock after selling 4,113 shares during the period. Crestline Management LP’s holdings in Reynolds Consumer Products were worth $596,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in REYN. Blue Trust Inc. boosted its position in shares of Reynolds Consumer Products by 115.2% in the fourth quarter. Blue Trust Inc. now owns 1,304 shares of the company’s stock worth $35,000 after buying an additional 698 shares during the period. Eagle Bay Advisors LLC acquired a new stake in Reynolds Consumer Products during the 4th quarter worth about $40,000. Quarry LP grew its stake in Reynolds Consumer Products by 187.0% during the 4th quarter. Quarry LP now owns 2,531 shares of the company’s stock valued at $68,000 after acquiring an additional 1,649 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Reynolds Consumer Products by 667.1% in the 4th quarter. Farther Finance Advisors LLC now owns 2,585 shares of the company’s stock valued at $70,000 after purchasing an additional 2,248 shares during the period. Finally, Venturi Wealth Management LLC lifted its position in shares of Reynolds Consumer Products by 36.0% in the fourth quarter. Venturi Wealth Management LLC now owns 3,482 shares of the company’s stock worth $94,000 after purchasing an additional 921 shares in the last quarter. 26.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Reynolds Consumer Products news, Director Rolf Stangl purchased 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 6th. The stock was purchased at an average price of $23.22 per share, with a total value of $58,050.00. Following the completion of the transaction, the director now directly owns 19,389 shares of the company’s stock, valued at approximately $450,212.58. This trade represents a 14.80 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.15% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

REYN has been the topic of several research reports. Evercore ISI dropped their price objective on shares of Reynolds Consumer Products from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. Canaccord Genuity Group cut their price objective on Reynolds Consumer Products from $27.00 to $26.00 and set a “hold” rating for the company in a report on Thursday, May 1st. Stifel Nicolaus lowered their target price on Reynolds Consumer Products from $31.00 to $27.00 and set a “hold” rating on the stock in a research note on Thursday, April 10th. UBS Group cut their price target on Reynolds Consumer Products from $26.00 to $25.00 and set a “neutral” rating for the company in a research note on Thursday, May 1st. Finally, JPMorgan Chase & Co. lowered their price target on Reynolds Consumer Products from $26.00 to $24.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $28.33.

Reynolds Consumer Products Trading Down 0.3 %

NASDAQ:REYN opened at $23.10 on Friday. 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 company’s 50 day moving average is $23.52 and its 200-day moving average is $25.74. The firm has a market cap of $4.86 billion, a price-to-earnings ratio of 13.75 and a beta of 0.61. Reynolds Consumer Products Inc. has a 12 month low of $21.90 and a 12 month high of $32.65.

Reynolds Consumer Products (NASDAQ:REYN) last released its earnings results on Wednesday, April 30th. The company reported $0.23 earnings per share 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 net margin of 9.56% and a return on equity of 17.14%. The business’s revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.23 EPS. Equities analysts anticipate that Reynolds Consumer Products Inc. will post 1.66 EPS for the current year.

Reynolds Consumer Products Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors 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 dividend on an annualized basis and a dividend yield of 3.98%. Reynolds Consumer Products’s payout ratio is 57.50%.

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.