Dimensional Fund Advisors LP Has $63.59 Million Position in Reynolds Consumer Products Inc. (NASDAQ:REYN)

Dimensional Fund Advisors LP raised its position in Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) by 13.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,356,040 shares of the company's stock after acquiring an additional 275,601 shares during the quarter. Dimensional Fund Advisors LP owned 1.12% of Reynolds Consumer Products worth $63,586,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Isthmus Partners LLC increased its position in shares of Reynolds Consumer Products by 0.6% during the fourth quarter. Isthmus Partners LLC now owns 87,307 shares of the company's stock worth $2,356,000 after acquiring an additional 533 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in Reynolds Consumer Products by 4.4% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 13,432 shares of the company's stock valued at $363,000 after acquiring an additional 566 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Reynolds Consumer Products by 115.2% in the 4th quarter. Blue Trust Inc. now owns 1,304 shares of the company's stock valued at $35,000 after purchasing an additional 698 shares in the last quarter. Kestra Private Wealth Services LLC grew its stake in Reynolds Consumer Products by 5.2% in the fourth quarter. Kestra Private Wealth Services LLC now owns 16,419 shares of the company's stock worth $443,000 after purchasing an additional 814 shares in the last quarter. Finally, Swiss National Bank raised its stake in Reynolds Consumer Products by 0.7% during the fourth quarter. Swiss National Bank now owns 124,000 shares of the company's stock valued at $3,347,000 after buying an additional 900 shares in the last quarter. Hedge funds and other institutional investors own 26.81% of the company's stock.

Reynolds Consumer Products Price Performance

Shares of Reynolds Consumer Products stock traded down $0.02 during trading on Monday, hitting $23.29. The stock had a trading volume of 669,746 shares, compared to its average volume of 617,517. The business has a fifty day moving average of $23.65 and a two-hundred day moving average of $25.92. The firm has a market cap of $4.90 billion, a P/E ratio of 13.86 and a beta of 0.61. Reynolds Consumer Products Inc. has a fifty-two week low of $21.90 and a fifty-two week high of $32.65. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.04 and a quick ratio of 0.99.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.23 EPS for the quarter, hitting analysts' consensus estimates of $0.23. The business had revenue of $801.00 million for the quarter, compared to the consensus estimate of $821.99 million. Reynolds Consumer Products had a net margin of 9.56% and a return on equity of 17.14%. The business's revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.23 EPS. On average, sell-side analysts expect that Reynolds Consumer Products Inc. will post 1.66 earnings per share for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders 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 dividend yield of 3.95%. The ex-dividend date of this dividend is Friday, May 16th. Reynolds Consumer Products's dividend payout ratio is 57.50%.

Insider Buying and Selling

In related news, Director Rolf Stangl acquired 6,000 shares of the company's stock in a transaction on Monday, February 10th. The shares were purchased at an average price of $24.89 per share, for a total transaction of $149,340.00. Following the purchase, the director now owns 16,889 shares in the company, valued at $420,367.21. This represents a 55.10 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.15% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

REYN has been the subject of a number of research analyst reports. Canaccord Genuity Group lowered their price target on Reynolds Consumer Products from $27.00 to $26.00 and set a "hold" rating for the company in a report on Thursday. JPMorgan Chase & Co. lowered their price objective on shares of Reynolds Consumer Products from $26.00 to $24.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. UBS Group decreased their target price on Reynolds Consumer Products from $26.00 to $25.00 and set a "neutral" rating for the company in a research note on Thursday. Stifel Nicolaus cut their price target on Reynolds Consumer Products from $31.00 to $27.00 and set a "hold" rating on the stock in a report on Thursday, April 10th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $30.00 target price on shares of Reynolds Consumer Products in a research report on Monday, April 28th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $28.33.

About Reynolds Consumer Products

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.