Reynolds Consumer Products Inc. (NASDAQ:REYN) Stock Position Reduced by AQR Capital Management LLC

AQR Capital Management LLC decreased its position in Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) by 14.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,338,018 shares of the company's stock after selling 224,939 shares during the quarter. AQR Capital Management LLC owned 0.64% of Reynolds Consumer Products worth $36,073,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Blue Trust Inc. increased its stake in Reynolds Consumer Products by 115.2% during the fourth 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. Eagle Bay Advisors LLC bought a new stake in shares of Reynolds Consumer Products during the 4th quarter valued at about $40,000. Quarry LP raised its stake in Reynolds Consumer Products by 187.0% during 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 period. Farther Finance Advisors LLC lifted its holdings in Reynolds Consumer Products by 667.1% in the fourth quarter. Farther Finance Advisors LLC now owns 2,585 shares of the company's stock worth $70,000 after acquiring an additional 2,248 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in Reynolds Consumer Products by 36.0% in the fourth quarter. Venturi Wealth Management LLC now owns 3,482 shares of the company's stock valued at $94,000 after acquiring an additional 921 shares during the period. 26.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Rolf Stangl bought 6,000 shares of the firm's stock in a transaction on Monday, February 10th. The stock was bought at an average cost of $24.89 per share, for a total transaction of $149,340.00. Following the completion of the acquisition, the director now directly owns 16,889 shares in the company, valued at $420,367.21. This represents a 55.10 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.15% of the company's stock.

Reynolds Consumer Products Stock Up 2.1 %

Shares of REYN stock opened at $23.31 on Friday. 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 stock has a market cap of $4.90 billion, a PE ratio of 13.88 and a beta of 0.64. The business's fifty day moving average is $23.65 and its 200-day moving average is $25.99. Reynolds Consumer Products Inc. has a 1 year low of $21.90 and a 1 year high of $32.65.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.23 EPS for the quarter, hitting the consensus estimate of $0.23. Reynolds Consumer Products had a net margin of 9.56% and a return on equity of 17.14%. The firm had revenue of $801.00 million for the quarter, compared to analysts' expectations of $821.99 million. During the same period in the previous year, the business earned $0.23 earnings per share. Reynolds Consumer Products's revenue for the quarter was down 1.8% compared to the same quarter last year. Equities analysts expect that Reynolds Consumer Products Inc. will post 1.66 earnings per share 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. Shareholders of record on Friday, May 16th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.92 annualized dividend and a dividend yield of 3.95%. Reynolds Consumer Products's dividend payout ratio is currently 54.76%.

Wall Street Analysts Forecast Growth

REYN has been the subject of a number of analyst reports. Truist Financial reduced their price objective on 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. Canaccord Genuity Group lowered their price target 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. Barclays cut their price objective on shares of Reynolds Consumer Products from $27.00 to $25.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 6th. Royal Bank of Canada restated a "sector perform" rating and issued a $30.00 target price on shares of Reynolds Consumer Products in a research report on Monday, April 28th. Finally, UBS Group cut their price target on Reynolds Consumer Products from $26.00 to $25.00 and set a "neutral" rating on the stock in a report on Thursday. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $28.33.

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.

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