Reynolds Consumer Products Inc. (NASDAQ:REYN) Shares Sold by Graham Capital Management L.P.

Graham Capital Management L.P. trimmed its stake in Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) by 19.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,206 shares of the company's stock after selling 11,888 shares during the period. Graham Capital Management L.P.'s holdings in Reynolds Consumer Products were worth $1,328,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Reynolds Consumer Products by 4.4% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 13,432 shares of the company's stock valued at $363,000 after purchasing an additional 566 shares during the last quarter. Barclays PLC lifted its stake in shares of Reynolds Consumer Products by 173.9% in the 3rd quarter. Barclays PLC now owns 63,121 shares of the company's stock valued at $1,963,000 after purchasing an additional 40,075 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of Reynolds Consumer Products by 65.0% in the 4th quarter. Stifel Financial Corp now owns 153,845 shares of the company's stock valued at $4,152,000 after purchasing an additional 60,616 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Reynolds Consumer Products during the 4th quarter worth approximately $424,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Reynolds Consumer Products by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 591,906 shares of the company's stock worth $15,976,000 after acquiring an additional 19,044 shares during the last quarter. 26.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on REYN. Evercore ISI decreased their price target on Reynolds Consumer Products from $33.00 to $30.00 and set an "outperform" rating for the company in a research note on Thursday, February 6th. Canaccord Genuity Group decreased their price target on Reynolds Consumer Products from $27.00 to $26.00 and set a "hold" rating for the company in a research note on Thursday, May 1st. Truist Financial decreased their price target on Reynolds Consumer Products from $35.00 to $30.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Stifel Nicolaus decreased their price target on Reynolds Consumer Products from $31.00 to $27.00 and set a "hold" rating for the company in a research note on Thursday, April 10th. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $30.00 price target on shares of Reynolds Consumer Products in a research note on Monday, April 28th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $28.33.

Reynolds Consumer Products Stock Down 0.4%

NASDAQ REYN traded down $0.09 during trading on Friday, reaching $23.11. 1,118,224 shares of the company's stock traded hands, compared to its average volume of 629,367. Reynolds Consumer Products Inc. has a 12-month low of $21.90 and a 12-month 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 firm has a market cap of $4.86 billion, a price-to-earnings ratio of 13.76 and a beta of 0.61. The company's 50 day simple moving average is $23.42 and its two-hundred day simple moving average is $25.48.

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 (EPS) for the quarter, meeting the consensus estimate 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 net margin of 9.56% and a return on equity of 17.14%. Reynolds Consumer Products's revenue was down 1.8% compared to the same quarter last year. During the same period last year, the company posted $0.23 earnings per share. As a group, sell-side analysts forecast that Reynolds Consumer Products Inc. will post 1.66 EPS for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be issued a $0.23 dividend. The ex-dividend date is Friday, May 16th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.98%. Reynolds Consumer Products's dividend payout ratio is presently 57.50%.

Insider Transactions at Reynolds Consumer Products

In related news, Director Rolf Stangl acquired 2,500 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The shares were bought at an average price of $23.22 per share, with a total value of $58,050.00. Following the completion of the transaction, the director now directly owns 19,389 shares in the company, valued at $450,212.58. This trade represents a 14.80% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.15% of the company's stock.

Reynolds Consumer Products Company 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.