Jefferies Financial Group Inc. Purchases New Shares in Reynolds Consumer Products Inc. (NASDAQ:REYN)

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

A number of other large investors have also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. increased its holdings in Reynolds Consumer Products by 4.4% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 13,432 shares of the company's stock worth $363,000 after purchasing an additional 566 shares during the period. Barclays PLC increased its position in Reynolds Consumer Products by 173.9% during 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 period. Stifel Financial Corp boosted its position in Reynolds Consumer Products by 65.0% during the 4th quarter. Stifel Financial Corp now owns 153,845 shares of the company's stock valued at $4,152,000 after acquiring an additional 60,616 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Reynolds Consumer Products during the fourth quarter valued at about $424,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Reynolds Consumer Products by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 591,906 shares of the company's stock worth $15,976,000 after purchasing an additional 19,044 shares in the last quarter. Hedge funds and other institutional investors own 26.81% of the company's stock.

Analysts Set New Price Targets

REYN has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered their price target on shares of Reynolds Consumer Products from $26.00 to $24.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $30.00 price target on shares of Reynolds Consumer Products in a research report on Monday, April 28th. Canaccord Genuity Group cut their price objective 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 lowered 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 note on Thursday, April 10th. Finally, Evercore ISI reduced their price target on Reynolds Consumer Products from $33.00 to $30.00 and set an "outperform" rating on the stock in a research report on Thursday, February 6th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $28.33.

Insiders Place Their Bets

In other Reynolds Consumer Products news, Director Rolf Stangl purchased 2,500 shares of the stock in a transaction on Tuesday, May 6th. The stock was bought at an average cost of $23.22 per share, for a total transaction of $58,050.00. Following the completion of the acquisition, the director now directly owns 19,389 shares of the company's stock, valued at $450,212.58. The trade was a 14.80% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.15% of the company's stock.

Reynolds Consumer Products Stock Down 0.1%

Shares of REYN traded down $0.03 during mid-day trading on Tuesday, hitting $23.10. 589,472 shares of the company's stock were exchanged, compared to its average volume of 629,953. The stock has a market cap of $4.86 billion, a price-to-earnings ratio of 13.75 and a beta of 0.61. Reynolds Consumer Products Inc. has a twelve month low of $21.90 and a twelve month high of $32.65. The firm has a fifty day moving average of $23.41 and a two-hundred day moving average of $25.46. The company has a quick ratio of 0.99, a current ratio of 2.04 and a debt-to-equity ratio of 0.79.

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

Reynolds Consumer Products Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.98%. The ex-dividend date of this dividend is Friday, May 16th. Reynolds Consumer Products's payout ratio 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.