EntryPoint Capital LLC Invests $604,000 in Reynolds Consumer Products Inc. (NASDAQ:REYN)

EntryPoint Capital LLC acquired a new position in Reynolds Consumer Products Inc. (NASDAQ:REYN) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 22,380 shares of the company’s stock, valued at approximately $604,000.

Several other institutional investors have also added to or reduced their stakes in the company. True Wealth Design LLC bought a new stake in shares of Reynolds Consumer Products during the 3rd quarter worth approximately $29,000. Blue Trust Inc. lifted 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 during the last quarter. Eagle Bay Advisors LLC purchased a new stake in shares of Reynolds Consumer Products during the fourth quarter valued at $40,000. Farther Finance Advisors LLC grew its holdings in shares of Reynolds Consumer Products by 667.1% in the fourth quarter. Farther Finance Advisors LLC now owns 2,585 shares of the company’s stock worth $70,000 after purchasing an additional 2,248 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in Reynolds Consumer Products in the 3rd quarter worth about $90,000. Institutional investors own 26.81% of the company’s stock.

Insiders Place Their Bets

In related news, Director Rolf Stangl acquired 6,000 shares of the stock in a transaction dated Monday, February 10th. The stock was acquired at an average cost of $24.89 per share, for a total transaction of $149,340.00. Following the completion of the purchase, the director now 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.15% of the stock is owned by insiders.

Reynolds Consumer Products Stock Down 0.5 %

NASDAQ:REYN opened at $23.54 on Tuesday. The company’s 50-day simple moving average is $25.24 and its 200-day simple moving average is $27.51. 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 fifty-two week low of $23.13 and a fifty-two week high of $32.65. The stock has a market capitalization of $4.95 billion, a P/E ratio of 14.01 and a beta of 0.56.

Reynolds Consumer Products (NASDAQ:REYN) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting 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 analysts anticipate that Reynolds Consumer Products Inc. will post 1.66 earnings per share for the current fiscal year.

Reynolds Consumer Products Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. 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 report on Thursday, January 16th. Stifel Nicolaus dropped their price objective on Reynolds Consumer Products from $32.00 to $31.00 and set a “hold” rating on the stock in a research note on Thursday, February 6th. Barclays lowered their target price on Reynolds Consumer Products from $27.00 to $25.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Canaccord Genuity Group decreased their price objective on Reynolds Consumer Products from $31.00 to $30.00 and set a “hold” rating for the company in a report on Thursday, February 6th. Finally, Evercore ISI dropped their target price on shares of Reynolds Consumer Products from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $30.38.

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.