D. E. Shaw & Co. Inc. Sells 141,065 Shares of Reynolds Consumer Products Inc. (NASDAQ:REYN)

D. E. Shaw & Co. Inc. trimmed its position in Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) by 63.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 80,095 shares of the company's stock after selling 141,065 shares during the quarter. D. E. Shaw & Co. Inc.'s holdings in Reynolds Consumer Products were worth $2,162,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in REYN. Ariel Investments LLC grew its stake in shares of Reynolds Consumer Products by 6.1% in the fourth quarter. Ariel Investments LLC now owns 7,446 shares of the company's stock worth $201,000 after purchasing an additional 426 shares during the last quarter. Isthmus Partners LLC lifted its holdings in Reynolds Consumer Products by 0.6% in the 4th quarter. Isthmus Partners LLC now owns 87,307 shares of the company's stock worth $2,356,000 after buying an additional 533 shares during the period. Envestnet Portfolio Solutions Inc. grew its position in shares of Reynolds Consumer Products by 4.4% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 13,432 shares of the company's stock worth $363,000 after buying an additional 566 shares during the last quarter. Blue Trust Inc. increased its stake 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 period. Finally, Kestra Private Wealth Services LLC raised its holdings in shares of Reynolds Consumer Products by 5.2% during the fourth quarter. Kestra Private Wealth Services LLC now owns 16,419 shares of the company's stock valued at $443,000 after acquiring an additional 814 shares in the last quarter. 26.81% of the stock is currently owned by institutional investors.

Insider Activity

In other Reynolds Consumer Products news, Director Rolf Stangl acquired 2,500 shares of Reynolds Consumer Products stock in a transaction that occurred on Tuesday, May 6th. The stock was bought at an average cost of $23.22 per share, for a total transaction of $58,050.00. Following the acquisition, the director now owns 19,389 shares of the company's stock, valued at $450,212.58. This represents a 14.80% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.15% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Evercore ISI cut their price target on shares of Reynolds Consumer Products from $33.00 to $30.00 and set an "outperform" rating on the stock in a report on Thursday, February 6th. UBS Group dropped their price target on 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. Stifel Nicolaus reduced their price target on Reynolds Consumer Products from $31.00 to $27.00 and set a "hold" rating on the stock in a research note on Thursday, April 10th. Canaccord Genuity Group dropped their target price on shares of Reynolds Consumer Products from $27.00 to $26.00 and set a "hold" rating on the stock in a report on Thursday, May 1st. Finally, JPMorgan Chase & Co. reduced their target price on shares of Reynolds Consumer Products from $26.00 to $24.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $28.33.

Reynolds Consumer Products Stock Down 0.7%

REYN stock traded down $0.16 during trading on Monday, hitting $21.98. 806,521 shares of the stock traded hands, compared to its average volume of 635,519. The stock has a market cap of $4.62 billion, a price-to-earnings ratio of 13.08 and a beta of 0.61. 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 Inc. has a 1 year low of $21.63 and a 1 year high of $32.65. The firm's 50 day moving average is $23.29 and its two-hundred day moving average is $25.29.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.23 earnings per share for the quarter, meeting the consensus estimate of $0.23. The company had revenue of $801.00 million during 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 firm's quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.23 earnings per share. On average, sell-side analysts anticipate that Reynolds Consumer Products Inc. will post 1.66 EPS for the current year.

Reynolds Consumer Products Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 4.19%. The ex-dividend date is Friday, May 16th. Reynolds Consumer Products's dividend payout ratio is currently 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.