36,094 Shares of Reynolds Consumer Products Inc. $REYN Purchased by Inscription Capital LLC

Inscription Capital LLC acquired a new stake in Reynolds Consumer Products Inc. (NASDAQ:REYN) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 36,094 shares of the company’s stock, valued at approximately $780,000.

A number of other institutional investors have also made changes to their positions in REYN. Signaturefd LLC grew its holdings in Reynolds Consumer Products by 120.3% during the third quarter. Signaturefd LLC now owns 1,776 shares of the company’s stock valued at $38,000 after purchasing an additional 970 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of Reynolds Consumer Products by 119.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,794 shares of the company’s stock worth $41,000 after buying an additional 978 shares during the period. Glenmede Trust Co. NA grew its stake in Reynolds Consumer Products by 11.7% in the 1st quarter. Glenmede Trust Co. NA now owns 10,500 shares of the company’s stock valued at $222,000 after buying an additional 1,097 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Reynolds Consumer Products in the 2nd quarter valued at $31,000. Finally, Global Retirement Partners LLC bought a new position in Reynolds Consumer Products in the 2nd quarter worth $34,000. 26.81% of the stock is owned by institutional investors.

Reynolds Consumer Products Stock Performance

Shares of REYN stock traded down $0.42 during mid-day trading on Friday, reaching $24.11. The stock had a trading volume of 1,650,887 shares, compared to its average volume of 1,084,907. The firm has a market cap of $5.08 billion, a PE ratio of 15.76 and a beta of 0.56. The company has a quick ratio of 0.71, a current ratio of 1.80 and a debt-to-equity ratio of 0.66. The firm’s 50 day simple moving average is $22.59 and its 200 day simple moving average is $23.23. Reynolds Consumer Products Inc. has a one year low of $20.44 and a one year high of $27.32.

Reynolds Consumer Products (NASDAQ:REYN) last issued its quarterly earnings data on Wednesday, November 4th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. The company had revenue of $944.00 million for the quarter, compared to analyst estimates of $939.23 million. Reynolds Consumer Products had a net margin of 9.11% and a return on equity of 16.03%. During the same period in the prior year, the firm earned $0.42 earnings per share. The company’s revenue was up 1.4% on a year-over-year basis. On average, analysts forecast that Reynolds Consumer Products Inc. will post 1.60 EPS for the current year.

Reynolds Consumer Products Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 16th will be given a $0.23 dividend. The ex-dividend date is Monday, November 16th. This represents a $0.92 annualized dividend and a dividend yield of 3.8%. Reynolds Consumer Products’s payout ratio is presently 56.10%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. UBS Group boosted their target price on shares of Reynolds Consumer Products from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Thursday. JPMorgan Chase & Co. lifted their price objective on Reynolds Consumer Products from $23.00 to $27.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Barclays cut their price objective on Reynolds Consumer Products from $26.00 to $23.00 and set an “equal weight” rating for the company in a research report on Thursday, October 15th. Canaccord Genuity Group increased their target price on Reynolds Consumer Products from $24.00 to $25.00 and gave the company a “hold” rating in a research note on Thursday, July 30th. Finally, Piper Sandler upgraded Reynolds Consumer Products to an “overweight” rating in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Reynolds Consumer Products has an average rating of “Hold” and a consensus price target of $25.20.

Reynolds Consumer Products Company Profile

Reynolds Consumer Products Inc (NASDAQ:REYN) manufactures and markets household products used for food preparation, storage, cleanup and waste management. Its portfolio includes aluminum foil, parchment paper, plastic wrap, disposable cookware, trash bags, food-storage bags and other everyday consumer products.

The company sells products under well-known brands including Reynolds and Reynolds Kitchens, Hefty, Presto, Diamond and Fresh. Its offerings are distributed through grocery stores, mass merchants, club stores, e-commerce channels and other retail outlets, as well as through foodservice and other commercial customers.

Reynolds Consumer Products serves consumers primarily in the United States and Canada.