Jane Street Group LLC Reduces Position in Reynolds Consumer Products Inc. (NASDAQ:REYN)

Jane Street Group LLC trimmed its holdings in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) by 87.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 21,367 shares of the company's stock after selling 146,355 shares during the period. Jane Street Group LLC's holdings in Reynolds Consumer Products were worth $577,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. boosted its stake in Reynolds Consumer Products by 115.2% during 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 during the last quarter. Quarry LP boosted its stake in Reynolds Consumer Products by 187.0% during the 4th quarter. Quarry LP now owns 2,531 shares of the company's stock valued at $68,000 after purchasing an additional 1,649 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Reynolds Consumer Products by 667.1% during 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 last quarter. Venturi Wealth Management LLC boosted 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 worth $94,000 after buying an additional 921 shares during the last quarter. Finally, New Age Alpha Advisors LLC purchased a new position in shares of Reynolds Consumer Products in the 4th quarter worth $165,000. 26.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

REYN has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their price target on 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. Truist Financial dropped their price target on Reynolds Consumer Products from $35.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Evercore ISI dropped their price target on 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. 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 note on Thursday, May 1st. Finally, Canaccord Genuity Group dropped their price target on Reynolds Consumer Products from $27.00 to $26.00 and set a "hold" rating on the stock in a research note on Thursday, May 1st. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Reynolds Consumer Products currently has a consensus rating of "Hold" and an average target price of $28.33.

Reynolds Consumer Products Price Performance

NASDAQ:REYN traded down $0.10 on Friday, reaching $22.19. 1,327,969 shares of the company's stock traded hands, compared to its average volume of 643,502. The company has a quick ratio of 0.99, a current ratio of 2.04 and a debt-to-equity ratio of 0.79. The stock has a 50-day simple moving average of $23.18 and a 200-day simple moving average of $25.13. The firm has a market cap of $4.67 billion, a PE ratio of 13.21 and a beta of 0.61. Reynolds Consumer Products Inc. has a 12 month low of $21.63 and a 12 month high of $32.65.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.23 earnings per share for the quarter, meeting analysts' consensus estimates of $0.23. The firm had revenue of $801.00 million during the quarter, compared to analyst estimates of $821.99 million. Reynolds Consumer Products had a return on equity of 17.14% and a net margin of 9.56%. The business's quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.23 earnings per share. Equities research analysts forecast that Reynolds Consumer Products Inc. will post 1.66 earnings per share for the current year.

Reynolds Consumer Products Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 4.15%. Reynolds Consumer Products's dividend payout ratio (DPR) is presently 57.50%.

Insider Buying and Selling at Reynolds Consumer Products

In other Reynolds Consumer Products news, CAO Chris Mayrhofer acquired 5,048 shares of Reynolds Consumer Products stock in a transaction that occurred on Friday, May 30th. The stock was bought at an average price of $21.99 per share, with a total value of $111,005.52. Following the completion of the purchase, the chief accounting officer now directly owns 23,266 shares of the company's stock, valued at approximately $511,619.34. This represents a 27.71% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rolf Stangl purchased 2,500 shares of Reynolds Consumer Products stock in a transaction dated 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 transaction, the director now 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 disclosure for this purchase can be found here. Insiders acquired 25,766 shares of company stock worth $572,402 over the last 90 days. Company insiders own 0.15% of the company's stock.

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.