Jefferies Financial Group Inc. Takes Position in Reynolds Consumer Products Inc. (NASDAQ:REYN)

Jefferies Financial Group Inc. acquired a new stake in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 18,392 shares of the company's stock, valued at approximately $496,000.

Several other institutional investors have also modified their holdings of REYN. Blue Trust Inc. boosted its holdings in Reynolds Consumer Products by 115.2% in the 4th quarter. Blue Trust Inc. now owns 1,304 shares of the company's stock worth $35,000 after buying an additional 698 shares during the last quarter. Quarry LP boosted its stake in shares of 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 acquiring an additional 1,649 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of Reynolds Consumer Products by 667.1% during 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 in the last quarter. Venturi Wealth Management LLC raised its stake in 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 last quarter. Finally, New Age Alpha Advisors LLC purchased a new position in Reynolds Consumer Products in the 4th quarter valued at $165,000. Institutional investors and hedge funds own 26.81% of the company's stock.

Reynolds Consumer Products Trading Up 0.5%

Shares of Reynolds Consumer Products stock traded up $0.12 on Wednesday, reaching $22.02. The company had a trading volume of 864,805 shares, compared to its average volume of 650,408. 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 firm has a market cap of $4.63 billion, a PE ratio of 13.11 and a beta of 0.61. The firm's 50 day moving average price is $23.08 and its two-hundred day moving average price is $25.05. Reynolds Consumer Products Inc. has a 52-week low of $21.49 and a 52-week high of $32.65.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.23 EPS for the quarter, hitting the consensus estimate of $0.23. The business 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 company's quarterly revenue was down 1.8% on a year-over-year basis. During the same period last year, the business posted $0.23 earnings per share. Sell-side analysts predict that Reynolds Consumer Products Inc. will post 1.66 earnings per share for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $0.92 annualized dividend and a dividend yield of 4.18%. Reynolds Consumer Products's dividend payout ratio is presently 57.50%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on REYN shares. Wall Street Zen upgraded shares of Reynolds Consumer Products from a "sell" rating to a "hold" rating in a report on Friday, May 30th. UBS Group reduced their price objective 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 lowered their price target on shares of Reynolds Consumer Products from $31.00 to $27.00 and set a "hold" rating on the stock in a research report on Thursday, April 10th. Canaccord Genuity Group cut their price objective 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. Finally, Barclays decreased 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 report on Thursday, February 6th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Reynolds Consumer Products presently has an average rating of "Hold" and a consensus price target of $28.33.

Insider Activity

In related news, CAO Chris Mayrhofer acquired 18,218 shares of the business's stock in a transaction dated Thursday, May 29th. The shares were acquired at an average price of $22.14 per share, with a total value of $403,346.52. Following the completion of the transaction, the chief accounting officer now owns 18,218 shares of the company's stock, valued at $403,346.52. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Rolf Stangl bought 2,500 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The stock was bought at an average price of $23.22 per share, with a total value of $58,050.00. Following the completion of the acquisition, the director now owns 19,389 shares of the company's stock, valued at $450,212.58. This trade represents a 14.80% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 25,766 shares of company stock valued at $572,402. 0.15% of the stock is currently owned by company insiders.

Reynolds Consumer Products 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.