Reynolds Consumer Products Inc. (NASDAQ:REYN) Stock Holdings Lessened by Nuveen Asset Management LLC

Nuveen Asset Management LLC decreased its position in Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) by 16.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 62,877 shares of the company's stock after selling 12,407 shares during the period. Nuveen Asset Management LLC's holdings in Reynolds Consumer Products were worth $1,697,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Allspring Global Investments Holdings LLC boosted its position in shares of Reynolds Consumer Products by 1.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 13,107,822 shares of the company's stock valued at $351,564,000 after acquiring an additional 182,353 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Reynolds Consumer Products by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 5,843,058 shares of the company's stock worth $157,704,000 after buying an additional 17,756 shares during the period. Dimensional Fund Advisors LP grew its holdings in Reynolds Consumer Products by 13.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,356,040 shares of the company's stock valued at $63,586,000 after purchasing an additional 275,601 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Reynolds Consumer Products by 13.0% in the fourth quarter. Bank of New York Mellon Corp now owns 1,211,805 shares of the company's stock valued at $32,707,000 after buying an additional 139,576 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Reynolds Consumer Products by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 1,072,422 shares of the company's stock worth $28,953,000 after purchasing an additional 26,664 shares in the last quarter. 26.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on REYN. Royal Bank of Canada reissued a "sector perform" rating and issued a $30.00 price objective on shares of Reynolds Consumer Products in a research report on Monday, April 28th. JPMorgan Chase & Co. lowered their price target on shares of Reynolds Consumer Products from $26.00 to $24.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Stifel Nicolaus reduced their price objective on shares of 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. Truist Financial reduced their price objective on shares of Reynolds Consumer Products from $35.00 to $30.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Finally, Canaccord Genuity Group cut their price objective 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. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $28.33.

Reynolds Consumer Products Stock Performance

Reynolds Consumer Products stock traded up $0.26 during trading hours on Friday, hitting $21.74. 1,132,577 shares of the stock traded hands, compared to its average volume of 653,796. Reynolds Consumer Products Inc. has a 1 year low of $21.45 and a 1 year high of $32.65. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.04 and a quick ratio of 0.99. The stock has a market capitalization of $4.57 billion, a price-to-earnings ratio of 12.94 and a beta of 0.61. The firm's 50 day moving average price is $22.99 and its 200-day moving average price is $24.97.

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

Reynolds Consumer Products Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 4.23%. The ex-dividend date was Friday, May 16th. Reynolds Consumer Products's payout ratio is currently 57.50%.

Insider Buying and Selling at Reynolds Consumer Products

In related news, CAO Chris Mayrhofer purchased 18,218 shares of the company's stock in a transaction 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 completion of the transaction, the chief accounting officer now owns 18,218 shares of the company's stock, valued at approximately $403,346.52. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Rolf Stangl acquired 2,500 shares of the firm's stock in a transaction on Tuesday, May 6th. The shares were acquired at an average price of $23.22 per share, with a total value of $58,050.00. Following the completion of the purchase, 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 25,766 shares of company stock valued at $572,402 in the last ninety days. Insiders own 0.15% of the company's stock.

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.