Dean Capital Management lifted its stake in Reynolds Consumer Products Inc. (NASDAQ:REYN – Free Report) by 15.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 180,536 shares of the company’s stock after acquiring an additional 24,824 shares during the period. Reynolds Consumer Products accounts for approximately 1.6% of Dean Capital Management’s holdings, making the stock its 8th biggest position. Dean Capital Management’s holdings in Reynolds Consumer Products were worth $3,824,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in REYN. Larson Financial Group LLC raised its holdings in Reynolds Consumer Products by 70.4% during the fourth quarter. Larson Financial Group LLC now owns 1,264 shares of the company’s stock worth $29,000 after purchasing an additional 522 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Reynolds Consumer Products by 127.7% in the fourth quarter. Farther Finance Advisors LLC now owns 1,391 shares of the company’s stock worth $32,000 after purchasing an additional 780 shares during the period. SJS Investment Consulting Inc. boosted its stake in Reynolds Consumer Products by 4,657.9% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,808 shares of the company’s stock valued at $38,000 after purchasing an additional 1,770 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in 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 valued at $41,000 after purchasing an additional 978 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its position in shares of Reynolds Consumer Products by 199,400.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,995 shares of the company’s stock valued at $46,000 after purchasing an additional 1,994 shares during the period. 26.81% of the stock is currently owned by institutional investors.
Reynolds Consumer Products Price Performance
Shares of NASDAQ:REYN opened at $25.61 on Monday. The company has a market capitalization of $5.40 billion, a PE ratio of 16.31 and a beta of 0.54. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.76 and a current ratio of 1.79. The stock has a fifty day moving average of $24.27 and a 200-day moving average of $23.10. Reynolds Consumer Products Inc. has a one year low of $20.44 and a one year high of $27.32.
Reynolds Consumer Products Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $0.92 dividend on an annualized basis and a yield of 3.6%. Reynolds Consumer Products’s dividend payout ratio (DPR) is currently 58.60%.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the company. Barclays upped their price objective on Reynolds Consumer Products from $24.00 to $25.00 and gave the company an “equal weight” rating in a report on Tuesday, July 21st. JPMorgan Chase & Co. lifted their target price on Reynolds Consumer Products from $23.00 to $27.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. UBS Group upped their price target on shares of Reynolds Consumer Products from $23.00 to $27.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. Royal Bank Of Canada set a $24.00 price objective on shares of Reynolds Consumer Products and gave the company a “sector perform” rating in a research report on Thursday, April 9th. Finally, Weiss Ratings upgraded shares of Reynolds Consumer Products from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 29th. Seven investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Reynolds Consumer Products currently has a consensus rating of “Hold” and an average target price of $25.40.
View Our Latest 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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