Kera Capital Partners Inc. bought a new stake in Reynolds Consumer Products Inc. (NASDAQ:REYN – Free Report) during the 4th quarter, Holdings Channel reports. The fund bought 25,006 shares of the company’s stock, valued at approximately $579,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Reynolds Consumer Products by 4.8% in the 3rd quarter. Vanguard Group Inc. now owns 6,197,729 shares of the company’s stock valued at $151,658,000 after acquiring an additional 284,643 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Reynolds Consumer Products by 163.3% in the third quarter. AQR Capital Management LLC now owns 4,951,190 shares of the company’s stock valued at $121,156,000 after purchasing an additional 3,071,015 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Reynolds Consumer Products by 17.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,425,029 shares of the company’s stock valued at $101,426,000 after acquiring an additional 649,120 shares in the last quarter. Gotham Asset Management LLC boosted its holdings in Reynolds Consumer Products by 182.2% during the third quarter. Gotham Asset Management LLC now owns 1,558,361 shares of the company’s stock worth $38,133,000 after purchasing an additional 1,006,051 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of Reynolds Consumer Products by 1,210.2% in the 4th quarter. SG Americas Securities LLC now owns 1,464,674 shares of the company’s stock valued at $33,570,000 after acquiring an additional 1,352,881 shares in the last quarter. Institutional investors own 26.81% of the company’s stock.
Reynolds Consumer Products Price Performance
Shares of NASDAQ:REYN opened at $23.87 on Friday. Reynolds Consumer Products Inc. has a 12 month low of $20.44 and a 12 month high of $26.25. The stock has a market capitalization of $5.03 billion, a PE ratio of 15.20 and a beta of 0.58. The company has a current ratio of 1.79, a quick ratio of 0.76 and a debt-to-equity ratio of 0.68. The firm has a 50 day moving average of $21.94 and a 200-day moving average of $22.69.
Reynolds Consumer Products Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.92 annualized dividend and a yield of 3.9%. Reynolds Consumer Products’s dividend payout ratio is presently 58.60%.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on REYN shares. Zacks Research upgraded shares of Reynolds Consumer Products from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. UBS Group cut their price objective on shares of Reynolds Consumer Products from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, April 7th. Royal Bank Of Canada set a $24.00 target price on Reynolds Consumer Products and gave the company a “sector perform” rating in a research report on Thursday, April 9th. Weiss Ratings lowered Reynolds Consumer Products from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, June 12th. Finally, Barclays lowered their price objective on Reynolds Consumer Products from $25.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 14th. Seven equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Reynolds Consumer Products has a consensus rating of “Hold” and a consensus target price of $23.60.
Check Out Our Latest Research Report on REYN
Reynolds Consumer Products Company Profile
Reynolds Consumer Products, Inc (NASDAQ: REYN) is a leading North American manufacturer and marketer of household consumer products. The company specializes in food storage and cooking solutions, including aluminum foil, plastic wrap, food storage containers and disposable tableware. Its core portfolio features well-known brands such as Reynolds Wrap aluminum foil, Hefty storage containers and trash bags, and Fastfold paper plates.
The company operates through a network of manufacturing and distribution facilities across North America, Latin America, Europe and the Asia Pacific region.
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