Fox Run Management L.L.C. Boosts Position in Reynolds Consumer Products Inc. (NASDAQ:REYN)

Fox Run Management L.L.C. boosted its holdings in Reynolds Consumer Products Inc. (NASDAQ:REYN) by 210.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 25,178 shares of the company’s stock after buying an additional 17,065 shares during the quarter. Fox Run Management L.L.C.’s holdings in Reynolds Consumer Products were worth $680,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Isthmus Partners LLC boosted its holdings in shares of Reynolds Consumer Products by 0.6% in the 4th 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. boosted its stake in Reynolds Consumer Products by 4.4% in the fourth 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 in the last quarter. MML Investors Services LLC grew its holdings in shares of Reynolds Consumer Products by 1.3% during the third quarter. MML Investors Services LLC now owns 48,700 shares of the company’s stock worth $1,515,000 after purchasing an additional 641 shares during the last quarter. Blue Trust Inc. increased its position in shares of Reynolds Consumer Products by 115.2% during the fourth quarter. Blue Trust Inc. now owns 1,304 shares of the company’s stock worth $35,000 after purchasing an additional 698 shares in the last quarter. Finally, Kestra Private Wealth Services LLC lifted 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 last quarter. 26.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

REYN has been the topic of a number of research reports. Barclays dropped their price target on Reynolds Consumer Products from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $32.00 target price on shares of Reynolds Consumer Products in a report on Monday, February 3rd. JPMorgan Chase & Co. reduced their price target on shares of Reynolds Consumer Products from $30.00 to $28.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Canaccord Genuity Group lowered their price objective on shares of Reynolds Consumer Products from $31.00 to $30.00 and set a “hold” rating on the stock in a research report on Thursday, February 6th. Finally, UBS Group reduced their target price on shares of Reynolds Consumer Products from $30.00 to $29.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $30.38.

Insider Activity

In other news, Director Rolf Stangl acquired 6,000 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was purchased at an average cost of $24.89 per share, with a total value of $149,340.00. Following the purchase, the director now directly owns 16,889 shares of the company’s stock, valued at approximately $420,367.21. This trade represents a 55.10 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.15% of the company’s stock.

Reynolds Consumer Products Price Performance

Shares of NASDAQ:REYN opened at $23.54 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 2.04 and a debt-to-equity ratio of 0.79. The company has a 50-day moving average price of $25.24 and a 200 day moving average price of $27.51. Reynolds Consumer Products Inc. has a 52 week low of $23.13 and a 52 week high of $32.65. The company has a market cap of $4.95 billion, a P/E ratio of 14.01 and a beta of 0.56.

Reynolds Consumer Products (NASDAQ:REYN) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.58 EPS for the quarter, meeting the consensus estimate of $0.58. Reynolds Consumer Products had a return on equity of 17.14% and a net margin of 9.56%. Research analysts predict that Reynolds Consumer Products Inc. will post 1.66 earnings per share for the current year.

Reynolds Consumer Products Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.23 per share. The ex-dividend date was Friday, February 14th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.91%. Reynolds Consumer Products’s dividend payout ratio (DPR) is presently 54.76%.

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.