Dean Capital Management grew its position in Reynolds Consumer Products Inc. (NASDAQ:REYN – Free Report) by 48.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 155,712 shares of the company’s stock after acquiring an additional 50,673 shares during the quarter. Reynolds Consumer Products comprises 1.5% of Dean Capital Management’s holdings, making the stock its 10th largest position. Dean Capital Management’s holdings in Reynolds Consumer Products were worth $3,569,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Royal Bank of Canada lifted its holdings in Reynolds Consumer Products by 1.9% in the 1st quarter. Royal Bank of Canada now owns 94,024 shares of the company’s stock valued at $2,244,000 after purchasing an additional 1,720 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Reynolds Consumer Products by 11.3% during the first quarter. Millennium Management LLC now owns 592,459 shares of the company’s stock worth $14,136,000 after buying an additional 60,198 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Reynolds Consumer Products by 60.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 222,853 shares of the company’s stock worth $5,317,000 after buying an additional 83,633 shares in the last quarter. Jane Street Group LLC raised its position in shares of Reynolds Consumer Products by 488.4% in the first quarter. Jane Street Group LLC now owns 125,724 shares of the company’s stock valued at $3,000,000 after buying an additional 104,357 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Reynolds Consumer Products by 17.5% in the second quarter. JPMorgan Chase & Co. now owns 330,811 shares of the company’s stock valued at $7,086,000 after buying an additional 49,192 shares during the last quarter. 26.81% of the stock is currently owned by hedge funds and other institutional investors.
Reynolds Consumer Products Stock Up 2.3%
NASDAQ REYN opened at $23.87 on Friday. Reynolds Consumer Products Inc. has a 52 week low of $20.44 and a 52 week high of $26.25. The company has a quick ratio of 0.76, a current ratio of 1.79 and a debt-to-equity ratio of 0.68. The business’s fifty day simple moving average is $21.91 and its 200-day simple moving average is $22.68. The firm has a market cap of $5.03 billion, a PE ratio of 15.20 and a beta of 0.58.
Reynolds Consumer Products Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 3.9%. The ex-dividend date was Friday, May 15th. Reynolds Consumer Products’s payout ratio is presently 58.60%.
Wall Street Analysts Forecast Growth
REYN has been the topic of a number of recent research reports. UBS Group lowered their price target on shares of Reynolds Consumer Products from $26.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 7th. Zacks Research upgraded shares of Reynolds Consumer Products from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Barclays decreased their target price on shares of Reynolds Consumer Products from $25.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 14th. JPMorgan Chase & Co. dropped their price target on Reynolds Consumer Products from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Friday, April 17th. Finally, Weiss Ratings lowered Reynolds Consumer Products from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, June 12th. Seven investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $23.60.
Get Our Latest Stock Report on REYN
Reynolds Consumer Products 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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