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

Dimensional Fund Advisors LP boosted its position in Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) by 13.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,356,040 shares of the company's stock after purchasing an additional 275,601 shares during the period. Dimensional Fund Advisors LP owned about 1.12% of Reynolds Consumer Products worth $63,586,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in REYN. Blue Trust Inc. raised its position in shares of Reynolds Consumer Products by 115.2% during the fourth quarter. Blue Trust Inc. now owns 1,304 shares of the company's stock valued at $35,000 after buying an additional 698 shares during the last quarter. Eagle Bay Advisors LLC purchased a new position in shares of Reynolds Consumer Products in the 4th quarter worth approximately $40,000. Farther Finance Advisors LLC raised its stake in shares of Reynolds Consumer Products by 667.1% in the fourth quarter. Farther Finance Advisors LLC now owns 2,585 shares of the company's stock valued at $70,000 after acquiring an additional 2,248 shares during the period. Venturi Wealth Management LLC boosted its position in shares of Reynolds Consumer Products by 36.0% during the fourth quarter. Venturi Wealth Management LLC now owns 3,482 shares of the company's stock valued at $94,000 after buying an additional 921 shares during the period. Finally, New Age Alpha Advisors LLC purchased a new position in Reynolds Consumer Products during the 4th quarter valued at $165,000. 26.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on REYN. Barclays cut their target price on shares of Reynolds Consumer Products from $27.00 to $25.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 6th. Canaccord Genuity Group reduced their target price on Reynolds Consumer Products from $27.00 to $26.00 and set a "hold" rating for the company in a research note on Thursday, May 1st. Evercore ISI cut their price objective on shares of Reynolds Consumer Products from $33.00 to $30.00 and set an "outperform" rating on the stock in a research note on Thursday, February 6th. JPMorgan Chase & Co. dropped their price objective on shares of 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. Finally, Stifel Nicolaus reduced their price target on Reynolds Consumer Products from $31.00 to $27.00 and set a "hold" rating for the company in a report on Thursday, April 10th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $28.33.

Insider Activity

In related news, Director Rolf Stangl purchased 6,000 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The stock was acquired at an average price of $24.89 per share, for a total transaction of $149,340.00. Following the transaction, the director now directly owns 16,889 shares of the company's stock, valued at $420,367.21. This trade represents a 55.10 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.15% of the company's stock.

Reynolds Consumer Products Stock Performance

REYN traded down $0.09 during trading on Wednesday, reaching $22.84. The company's stock had a trading volume of 787,724 shares, compared to its average volume of 619,501. The company's fifty day moving average price is $23.56 and its 200-day moving average price is $25.84. 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 capitalization of $4.80 billion, a price-to-earnings ratio of 13.60 and a beta of 0.61. Reynolds Consumer Products Inc. has a 52-week low of $21.90 and a 52-week high of $32.65.

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

Reynolds Consumer Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be given a $0.23 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.92 annualized dividend and a yield of 4.03%. Reynolds Consumer Products's dividend payout ratio is presently 57.50%.

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.