27,205 Shares in Reynolds Consumer Products Inc. (NASDAQ:REYN) Acquired by Hunter Perkins Capital Management LLC

Hunter Perkins Capital Management LLC acquired a new stake in Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 27,205 shares of the company's stock, valued at approximately $649,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of REYN. Versant Capital Management Inc grew its position in shares of Reynolds Consumer Products by 38.1% in the 1st quarter. Versant Capital Management Inc now owns 2,543 shares of the company's stock worth $61,000 after acquiring an additional 701 shares in the last quarter. Quarry LP boosted its holdings in Reynolds Consumer Products by 187.0% in the fourth quarter. Quarry LP now owns 2,531 shares of the company's stock worth $68,000 after purchasing an additional 1,649 shares during the period. Farther Finance Advisors LLC boosted its holdings in Reynolds Consumer Products by 667.1% in the fourth quarter. Farther Finance Advisors LLC now owns 2,585 shares of the company's stock worth $70,000 after purchasing an additional 2,248 shares during the period. New Age Alpha Advisors LLC bought a new stake in Reynolds Consumer Products during the fourth quarter valued at $165,000. Finally, Deutsche Bank AG raised its holdings in shares of Reynolds Consumer Products by 35.8% during the fourth quarter. Deutsche Bank AG now owns 7,247 shares of the company's stock worth $196,000 after purchasing an additional 1,910 shares during the period. 26.81% of the stock is owned by institutional investors.

Insider Transactions at Reynolds Consumer Products

In related news, Director Rolf Stangl acquired 4,500 shares of Reynolds Consumer Products stock in a transaction dated Friday, June 6th. The stock was acquired at an average cost of $21.70 per share, with a total value of $97,650.00. Following the purchase, the director now directly owns 26,389 shares in the company, valued at $572,641.30. The trade was a 20.56% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Chris Mayrhofer purchased 18,218 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The stock was bought at an average price of $22.14 per share, with a total value of $403,346.52. Following the transaction, the chief accounting officer now directly owns 18,218 shares in the company, valued at $403,346.52. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders purchased 34,766 shares of company stock valued at $765,632. Company insiders own 0.15% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on REYN. 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. Truist Financial lowered their target price on Reynolds Consumer Products from $35.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Canaccord Genuity Group cut their price target on Reynolds Consumer Products from $27.00 to $26.00 and set a "hold" rating on the stock in a report on Thursday, May 1st. Stifel Nicolaus reduced their price objective on 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. 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. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $28.33.

Reynolds Consumer Products Stock Performance

REYN traded up $0.03 during trading hours on Friday, hitting $21.30. The company's stock had a trading volume of 8,750,760 shares, compared to its average volume of 734,105. The company has a 50-day simple moving average of $22.43 and a 200 day simple moving average of $24.36. The company has a current ratio of 1.80, a quick ratio of 0.72 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $4.48 billion, a PE ratio of 13.31 and a beta of 0.58. Reynolds Consumer Products Inc. has a fifty-two week low of $20.91 and a fifty-two week high of $32.65.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.23 EPS for the quarter, meeting analysts' consensus estimates of $0.23. The company had revenue of $801.00 million for the quarter, compared to analyst estimates of $821.99 million. Reynolds Consumer Products had a return on equity of 16.87% and a net margin of 9.11%. The company's quarterly revenue was down 1.8% compared to the same quarter last year. During the same period last year, the company earned $0.23 earnings per share. As a group, sell-side analysts expect that Reynolds Consumer Products Inc. will post 1.66 EPS for the current year.

Reynolds Consumer Products Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were given a dividend of $0.23 per share. The ex-dividend date was Friday, May 16th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.32%. Reynolds Consumer Products's dividend payout ratio (DPR) 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.