Natixis Invests $1.26 Million in Reynolds Consumer Products Inc. (NASDAQ:REYN)

Natixis bought a new position in Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 46,529 shares of the company's stock, valued at approximately $1,256,000.

Other large investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its holdings in shares of Reynolds Consumer Products by 1.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 13,107,822 shares of the company's stock worth $351,564,000 after buying an additional 182,353 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Reynolds Consumer Products by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 5,843,058 shares of the company's stock valued at $157,704,000 after purchasing an additional 17,756 shares during the period. Dimensional Fund Advisors LP grew its position in 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 worth $63,586,000 after purchasing an additional 275,601 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Reynolds Consumer Products by 13.0% during the 4th 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. Finally, Geode Capital Management LLC raised its position in shares of Reynolds Consumer Products by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 1,072,422 shares of the company's stock valued at $28,953,000 after buying an additional 26,664 shares during the last quarter. Institutional investors own 26.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Canaccord Genuity Group lowered their price target on Reynolds Consumer Products from $30.00 to $27.00 and set a "hold" rating on the stock in a research note on Wednesday, April 23rd. UBS Group lowered their price objective on Reynolds Consumer Products from $29.00 to $26.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Truist Financial reduced their target price on Reynolds Consumer Products from $35.00 to $30.00 and set a "buy" rating for the company in a research report on Thursday. Royal Bank of Canada restated a "sector perform" rating and issued a $32.00 price objective on shares of Reynolds Consumer Products in a research note on Monday, February 3rd. Finally, Stifel Nicolaus dropped their price target on shares of Reynolds Consumer Products from $31.00 to $27.00 and set a "hold" rating for the company in a research report on Thursday, April 10th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $28.78.

Insiders Place Their Bets

In other news, Director Rolf Stangl acquired 6,000 shares of the firm's stock in a transaction on Monday, February 10th. The shares were purchased at an average cost of $24.89 per share, for a total transaction of $149,340.00. Following the transaction, the director now owns 16,889 shares of the company's stock, valued at approximately $420,367.21. This represents a 55.10 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.15% of the company's stock.

Reynolds Consumer Products Price Performance

Shares of NASDAQ REYN traded up $0.12 during mid-day trading on Monday, hitting $23.34. 110,568 shares of the stock were exchanged, compared to its average volume of 699,377. Reynolds Consumer Products Inc. has a twelve month low of $21.90 and a twelve month high of $32.65. The stock's fifty day simple moving average is $23.78 and its two-hundred day simple moving average is $26.17. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.99 and a current ratio of 2.04. The company has a market cap of $4.91 billion, a P/E ratio of 13.89 and a beta of 0.64.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.58 earnings per share for the quarter, meeting analysts' consensus estimates of $0.58. Reynolds Consumer Products had a return on equity of 17.14% and a net margin of 9.56%. As a group, analysts forecast that Reynolds Consumer Products Inc. will post 1.66 EPS for the current fiscal year.

Reynolds Consumer Products Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be given a dividend of $0.23 per share. The ex-dividend date is Friday, May 16th. This represents a $0.92 annualized dividend and a yield of 3.94%. Reynolds Consumer Products's dividend payout ratio (DPR) is 54.76%.

Reynolds Consumer Products 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.