Sei Investments Co. Buys 92,473 Shares of Reynolds Consumer Products Inc. (NASDAQ:REYN)

Sei Investments Co. grew its position in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) by 13.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 766,463 shares of the company’s stock after purchasing an additional 92,473 shares during the quarter. Sei Investments Co.’s holdings in Reynolds Consumer Products were worth $20,687,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of REYN. True Wealth Design LLC acquired a new stake in shares of Reynolds Consumer Products during the third quarter worth $29,000. Blue Trust Inc. grew its holdings in 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 acquiring an additional 698 shares during the period. Eagle Bay Advisors LLC bought a new position in shares of Reynolds Consumer Products in the 4th quarter worth about $40,000. Farther Finance Advisors LLC lifted its stake in shares of Reynolds Consumer Products by 667.1% in the 4th quarter. Farther Finance Advisors LLC now owns 2,585 shares of the company’s stock valued at $70,000 after purchasing an additional 2,248 shares during the period. Finally, Point72 Hong Kong Ltd bought a new stake in shares of Reynolds Consumer Products during the 3rd quarter valued at about $90,000. Institutional investors and hedge funds own 26.81% of the company’s stock.

Insider Buying and Selling at Reynolds Consumer Products

In other news, Director Rolf Stangl bought 6,000 shares of Reynolds Consumer Products stock in a transaction dated Monday, February 10th. The stock was purchased at an average price of $24.89 per share, for a total transaction of $149,340.00. Following the purchase, the director now directly owns 16,889 shares in the company, valued at $420,367.21. The trade was a 55.10 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on REYN. Royal Bank of Canada reiterated a “sector perform” rating and issued a $32.00 target price on shares of Reynolds Consumer Products in a report on Monday, February 3rd. UBS Group lowered their price objective on shares of Reynolds Consumer Products from $30.00 to $29.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Barclays cut their target price on shares of 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. Stifel Nicolaus decreased their price target on shares of Reynolds Consumer Products from $32.00 to $31.00 and set a “hold” rating for the company in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Reynolds Consumer Products from $30.00 to $28.00 and set a “neutral” rating on the stock in a research 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. According to data from MarketBeat.com, Reynolds Consumer Products currently has an average rating of “Hold” and an average price target of $30.38.

Reynolds Consumer Products Stock Up 0.6 %

Reynolds Consumer Products stock opened at $23.39 on Thursday. The company has a current ratio of 2.04, a quick ratio of 0.99 and a debt-to-equity ratio of 0.79. The firm’s fifty day moving average price is $25.11 and its two-hundred day moving average price is $27.42. The firm has a market capitalization of $4.92 billion, a price-to-earnings ratio of 13.92 and a beta of 0.56. Reynolds Consumer Products Inc. has a 1-year low of $23.13 and a 1-year high of $32.65.

Reynolds Consumer Products (NASDAQ:REYN) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.58 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.58. Reynolds Consumer Products had a return on equity of 17.14% and a net margin of 9.56%. On average, equities research analysts predict 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 was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date of this dividend was Friday, February 14th. Reynolds Consumer Products’s payout ratio is currently 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.