Stifel Financial Corp Buys 60,616 Shares of Reynolds Consumer Products Inc. (NASDAQ:REYN)

Stifel Financial Corp grew its stake in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) by 65.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 153,845 shares of the company's stock after acquiring an additional 60,616 shares during the period. Stifel Financial Corp owned about 0.07% of Reynolds Consumer Products worth $4,152,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Tower Research Capital LLC TRC increased its holdings in Reynolds Consumer Products by 335.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 17,643 shares of the company's stock worth $476,000 after acquiring an additional 13,587 shares during the last quarter. MML Investors Services LLC raised its position in shares of Reynolds Consumer Products by 10.3% in the fourth quarter. MML Investors Services LLC now owns 53,736 shares of the company's stock valued at $1,450,000 after purchasing an additional 5,036 shares during the period. Natixis purchased a new stake in shares of Reynolds Consumer Products during the 4th quarter valued at approximately $1,256,000. Dimensional Fund Advisors LP boosted its holdings in Reynolds Consumer Products by 13.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,356,040 shares of the company's stock worth $63,586,000 after buying an additional 275,601 shares during the period. Finally, Canada Pension Plan Investment Board grew its stake in Reynolds Consumer Products by 1,051.1% in the 4th quarter. Canada Pension Plan Investment Board now owns 51,800 shares of the company's stock valued at $1,398,000 after buying an additional 47,300 shares in the last quarter. Hedge funds and other institutional investors own 26.81% of the company's stock.

Analyst Upgrades and Downgrades

REYN has been the subject of several recent analyst reports. Truist Financial reduced their target price 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. UBS Group decreased their price objective on shares of 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. Barclays dropped their target price on shares of Reynolds Consumer Products from $27.00 to $25.00 and set an "equal weight" rating for the company in a research report on Thursday, February 6th. JPMorgan Chase & Co. lowered their price objective on shares of Reynolds Consumer Products from $26.00 to $24.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Finally, Stifel Nicolaus reduced their target price on Reynolds Consumer Products from $31.00 to $27.00 and set a "hold" rating on the stock in a research note on Thursday, April 10th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $28.33.

Insiders Place Their Bets

In other Reynolds Consumer Products news, Director Rolf Stangl acquired 6,000 shares of the company's stock in a transaction that occurred on Monday, February 10th. The shares were bought at an average cost of $24.89 per share, with a total value of $149,340.00. Following the completion of the transaction, the director now directly owns 16,889 shares of the company's stock, valued at approximately $420,367.21. This represents a 55.10 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.15% of the company's stock.

Reynolds Consumer Products Stock Down 1.1 %

Shares of REYN traded down $0.26 on Wednesday, reaching $22.67. The stock had a trading volume of 68,913 shares, compared to its average volume of 616,669. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.99 and a current ratio of 2.04. Reynolds Consumer Products Inc. has a 12-month low of $21.90 and a 12-month high of $32.65. The firm has a market capitalization of $4.77 billion, a price-to-earnings ratio of 13.50 and a beta of 0.61. The company has a 50-day simple moving average of $23.60 and a 200-day simple moving average of $25.86.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.23 earnings per share (EPS) for the quarter, meeting 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 company had revenue of $801.00 million during the quarter, compared to analysts' expectations of $821.99 million. During the same period last year, the company posted $0.23 EPS. Reynolds Consumer Products's revenue was down 1.8% on a year-over-year basis. Sell-side analysts predict that Reynolds Consumer Products Inc. will post 1.66 EPS for the current 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 dividend of $0.23 per share. The ex-dividend date is Friday, May 16th. This represents a $0.92 annualized dividend and a dividend yield of 4.06%. Reynolds Consumer Products's payout ratio is presently 57.50%.

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.