Quantinno Capital Management LP Buys 40,922 Shares of Reynolds Consumer Products Inc. (NASDAQ:REYN)

Quantinno Capital Management LP boosted its position in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) by 35.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 157,937 shares of the company’s stock after buying an additional 40,922 shares during the quarter. Quantinno Capital Management LP owned approximately 0.08% of Reynolds Consumer Products worth $4,263,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in Reynolds Consumer Products in the fourth quarter valued at approximately $17,964,000. Dimensional Fund Advisors LP lifted its stake in shares of Reynolds Consumer Products by 13.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,356,040 shares of the company’s stock valued at $63,586,000 after purchasing an additional 275,601 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Reynolds Consumer Products by 1.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 13,107,822 shares of the company’s stock valued at $351,564,000 after purchasing an additional 182,353 shares during the period. Ceredex Value Advisors LLC boosted its position in shares of Reynolds Consumer Products by 58.1% in the 4th quarter. Ceredex Value Advisors LLC now owns 468,360 shares of the company’s stock worth $12,641,000 after purchasing an additional 172,136 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Reynolds Consumer Products by 13.0% during the fourth quarter. Bank of New York Mellon Corp now owns 1,211,805 shares of the company’s stock worth $32,707,000 after purchasing an additional 139,576 shares during the period. 26.81% of the stock is currently owned by institutional investors.

Insider Activity at Reynolds Consumer Products

In related news, Director Rolf Stangl purchased 2,500 shares of Reynolds Consumer Products stock in a transaction that occurred on Tuesday, May 6th. The stock was purchased at an average cost of $23.22 per share, with a total value of $58,050.00. Following the completion of the transaction, the director now 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.15% of the stock is owned by insiders.

Wall Street Analyst Weigh In

REYN has been the topic of several analyst reports. JPMorgan Chase & Co. cut their target price on Reynolds Consumer Products from $26.00 to $24.00 and set a “neutral” rating on the stock in a research note on Friday, April 11th. Stifel Nicolaus decreased their price objective on shares of Reynolds Consumer Products from $31.00 to $27.00 and set a “hold” rating for the company in a report on Thursday, April 10th. Truist Financial lowered their target price on shares of Reynolds Consumer Products from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. UBS Group reduced their price target on shares of Reynolds Consumer Products from $26.00 to $25.00 and set a “neutral” rating on the stock in a research report on Thursday, May 1st. Finally, Evercore ISI lowered their price objective on shares of Reynolds Consumer Products from $33.00 to $30.00 and set an “outperform” rating for the company in a research 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. According to MarketBeat, Reynolds Consumer Products presently has a consensus rating of “Hold” and a consensus price target of $28.33.

Reynolds Consumer Products Price Performance

REYN stock opened at $23.11 on Monday. The stock has a market cap of $4.86 billion, a PE ratio of 13.76 and a beta of 0.61. The stock has a 50-day moving average price of $23.42 and a two-hundred day moving average price of $25.48. Reynolds Consumer Products Inc. has a 1 year low of $21.90 and a 1 year high of $32.65. The company has a current ratio of 2.04, a quick ratio of 0.99 and a debt-to-equity ratio of 0.79.

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

Reynolds Consumer Products Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 3.98%. The ex-dividend date of this dividend is Friday, May 16th. Reynolds Consumer Products’s payout ratio is 57.50%.

Reynolds Consumer Products Company Profile

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.