Isthmus Partners LLC Has $2.36 Million Stake in Reynolds Consumer Products Inc. (NASDAQ:REYN)

Isthmus Partners LLC raised its holdings in Reynolds Consumer Products Inc. (NASDAQ:REYN) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 87,307 shares of the company’s stock after purchasing an additional 533 shares during the quarter. Isthmus Partners LLC’s holdings in Reynolds Consumer Products were worth $2,356,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. True Wealth Design LLC bought a new position in shares of Reynolds Consumer Products in the third quarter valued at about $29,000. Blue Trust Inc. raised its stake in shares of Reynolds Consumer Products by 115.2% in the fourth 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 last quarter. Eagle Bay Advisors LLC bought a new position in shares of Reynolds Consumer Products in the fourth quarter worth about $40,000. Capital Performance Advisors LLP acquired a new position in shares of Reynolds Consumer Products during the third quarter worth approximately $70,000. Finally, Venturi Wealth Management LLC grew its stake in shares of Reynolds Consumer Products by 93.7% during the third quarter. Venturi Wealth Management LLC now owns 2,561 shares of the company’s stock valued at $80,000 after purchasing an additional 1,239 shares during the last quarter. Institutional investors and hedge funds own 26.81% of the company’s stock.

Reynolds Consumer Products Trading Up 2.4 %

REYN opened at $24.44 on Monday. The firm’s fifty day moving average is $25.86 and its two-hundred day moving average is $28.10. The firm has a market cap of $5.14 billion, a PE ratio of 14.55 and a beta of 0.56. Reynolds Consumer Products Inc. has a twelve month low of $23.35 and a twelve month high of $32.65. 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 (NASDAQ:REYN) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.58 EPS for the quarter, hitting the consensus estimate of $0.58. Reynolds Consumer Products had a return on equity of 17.14% and a net margin of 9.56%. Equities research analysts anticipate that Reynolds Consumer Products Inc. will post 1.66 EPS for the current year.

Reynolds Consumer Products Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.76%. The ex-dividend date of this dividend was Friday, February 14th. Reynolds Consumer Products’s dividend payout ratio (DPR) is presently 54.76%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on REYN shares. Evercore ISI dropped their price objective on shares of Reynolds Consumer Products from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Thursday, February 6th. Stifel Nicolaus dropped their target price on Reynolds Consumer Products from $32.00 to $31.00 and set a “hold” rating for the company in a research report on Thursday, February 6th. 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 report on Thursday, January 16th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $32.00 target price on shares of Reynolds Consumer Products in a report on Monday, February 3rd. Finally, Canaccord Genuity Group dropped their target price on shares of Reynolds Consumer Products from $31.00 to $30.00 and set a “hold” rating for the company in a research report on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $30.38.

Insider Activity at Reynolds Consumer Products

In related news, Director Rolf Stangl bought 6,000 shares of Reynolds Consumer Products 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 owns 16,889 shares in the company, valued at approximately $420,367.21. This trade represents a 55.10 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.20% of the stock is owned by insiders.

About Reynolds Consumer Products

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.