Susquehanna International Group LLP Has $4.19 Million Stock Holdings in Reynolds Consumer Products Inc. (NASDAQ:REYN)

Susquehanna International Group LLP raised its position in Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) by 246.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 155,355 shares of the company's stock after acquiring an additional 110,503 shares during the period. Susquehanna International Group LLP owned about 0.07% of Reynolds Consumer Products worth $4,193,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Isthmus Partners LLC grew its stake in shares of Reynolds Consumer Products by 0.6% in the fourth quarter. Isthmus Partners LLC now owns 87,307 shares of the company's stock valued at $2,356,000 after buying an additional 533 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its position 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 acquiring an additional 566 shares during the period. Blue Trust Inc. increased its stake in shares of Reynolds Consumer Products by 115.2% during the 4th quarter. Blue Trust Inc. now owns 1,304 shares of the company's stock worth $35,000 after purchasing an additional 698 shares during the last quarter. Kestra Private Wealth Services LLC raised its holdings in shares of Reynolds Consumer Products by 5.2% in the 4th quarter. Kestra Private Wealth Services LLC now owns 16,419 shares of the company's stock valued at $443,000 after purchasing an additional 814 shares during the period. Finally, Swiss National Bank lifted its stake in Reynolds Consumer Products by 0.7% in the 4th quarter. Swiss National Bank now owns 124,000 shares of the company's stock valued at $3,347,000 after purchasing an additional 900 shares during the last quarter. Institutional investors and hedge funds own 26.81% of the company's stock.

Reynolds Consumer Products Price Performance

Reynolds Consumer Products stock traded down $0.06 during trading hours on Friday, reaching $23.10. 891,676 shares of the stock were exchanged, compared to its average volume of 620,728. The stock has a 50 day moving average of $23.52 and a two-hundred day moving average of $25.71. The company has a market cap of $4.86 billion, a P/E ratio of 13.75 and a beta of 0.61. The company has a current ratio of 2.04, a quick ratio of 0.99 and a debt-to-equity ratio of 0.79. Reynolds Consumer Products Inc. has a twelve month low of $21.90 and a twelve month high of $32.65.

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, meeting the consensus estimate of $0.23. The business had revenue of $801.00 million during the quarter, compared to the consensus estimate of $821.99 million. Reynolds Consumer Products had a net margin of 9.56% and a return on equity of 17.14%. The company's revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.23 earnings per share. Equities analysts expect that Reynolds Consumer Products Inc. will post 1.66 EPS for the current fiscal year.

Reynolds Consumer Products Announces Dividend

The business also recently announced 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 (DPR) is currently 57.50%.

Insider Activity

In related news, Director Rolf Stangl bought 2,500 shares of the business's stock in a transaction on Tuesday, May 6th. The shares were purchased at an average price of $23.22 per share, for a total transaction of $58,050.00. Following the completion of the transaction, the director now directly owns 19,389 shares of the company's stock, valued at approximately $450,212.58. This represents a 14.80 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 0.15% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on REYN shares. Stifel Nicolaus reduced their target price 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. JPMorgan Chase & Co. reduced their target price 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. UBS Group decreased their target price on 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. Truist Financial dropped their price target on Reynolds Consumer Products from $35.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $30.00 price objective on shares of Reynolds Consumer Products in a report on Monday, April 28th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Reynolds Consumer Products presently has a consensus rating of "Hold" and a consensus 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.