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

D. E. Shaw & Co. Inc. decreased its holdings in Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) by 63.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. increased its stake in Reynolds Consumer Products by 115.2% in the fourth quarter. Blue Trust Inc. now owns 1,304 shares of the company's stock valued at $35,000 after acquiring an additional 698 shares during the period. Quarry LP boosted its holdings in Reynolds Consumer Products by 187.0% during the fourth quarter. Quarry LP now owns 2,531 shares of the company's stock valued at $68,000 after purchasing an additional 1,649 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Reynolds Consumer Products by 667.1% in the 4th quarter. Farther Finance Advisors LLC now owns 2,585 shares of the company's stock valued at $70,000 after purchasing an additional 2,248 shares during the period. Venturi Wealth Management LLC grew its stake in shares of Reynolds Consumer Products by 36.0% in the 4th quarter. Venturi Wealth Management LLC now owns 3,482 shares of the company's stock valued at $94,000 after purchasing an additional 921 shares during the period. Finally, New Age Alpha Advisors LLC acquired a new position in shares of Reynolds Consumer Products in the 4th quarter worth approximately $165,000. 26.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

REYN has been the topic of a number of analyst reports. Evercore ISI lowered their price target on Reynolds Consumer Products from $33.00 to $30.00 and set an "outperform" rating on the stock in a research report on Thursday, February 6th. UBS Group reduced their target price on shares of Reynolds Consumer Products from $26.00 to $25.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. Canaccord Genuity Group dropped their target price on shares of Reynolds Consumer Products from $27.00 to $26.00 and set a "hold" rating for the company in a research report on Thursday, May 1st. Truist Financial reduced their price target on shares of Reynolds Consumer Products from $35.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Finally, Barclays decreased their price objective on shares of Reynolds Consumer Products from $27.00 to $25.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 6th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Reynolds Consumer Products currently has an average rating of "Hold" and an average target price of $28.33.

Insider Buying and Selling

In other Reynolds Consumer Products news, Director Rolf Stangl acquired 2,500 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The shares were acquired at an average cost of $23.22 per share, for a total transaction of $58,050.00. Following the completion of the acquisition, the director now directly owns 19,389 shares of the company's stock, valued at approximately $450,212.58. This represents a 14.80% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.15% of the company's stock.

Reynolds Consumer Products Price Performance

Shares of NASDAQ REYN traded down $0.16 during trading on Friday, reaching $21.98. The company had a trading volume of 806,521 shares, compared to its average volume of 635,519. Reynolds Consumer Products Inc. has a 52 week low of $21.63 and a 52 week high of $32.65. The business's 50 day moving average price is $23.33 and its 200-day moving average price is $25.34. The stock has a market cap of $4.62 billion, a PE ratio of 13.08 and a beta of 0.61. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.99 and a current ratio of 2.04.

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

Reynolds Consumer Products Dividend Announcement

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