Seizert Capital Partners LLC Sells 573 Shares of Reynolds Consumer Products Inc. (NASDAQ:REYN)

Seizert Capital Partners LLC trimmed its position in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) by 0.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 60,545 shares of the company’s stock after selling 573 shares during the period. Seizert Capital Partners LLC’s holdings in Reynolds Consumer Products were worth $1,883,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Reynolds Consumer Products by 0.5% during the first quarter. Vanguard Group Inc. now owns 5,663,147 shares of the company’s stock worth $161,739,000 after acquiring an additional 29,838 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of Reynolds Consumer Products by 994.7% during the first quarter. Acadian Asset Management LLC now owns 212,694 shares of the company’s stock worth $6,068,000 after acquiring an additional 193,265 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Reynolds Consumer Products during the second quarter worth $695,000. Bank of New York Mellon Corp lifted its position in shares of Reynolds Consumer Products by 7.1% during the second quarter. Bank of New York Mellon Corp now owns 1,006,647 shares of the company’s stock worth $28,166,000 after acquiring an additional 66,826 shares in the last quarter. Finally, Sei Investments Co. lifted its position in shares of Reynolds Consumer Products by 18.5% during the second quarter. Sei Investments Co. now owns 612,775 shares of the company’s stock worth $17,146,000 after acquiring an additional 95,469 shares in the last quarter. 26.81% of the stock is owned by institutional investors.

Reynolds Consumer Products Trading Down 1.9 %

NASDAQ REYN opened at $27.23 on Monday. The stock’s 50-day simple moving average is $29.79 and its two-hundred day simple moving average is $29.14. Reynolds Consumer Products Inc. has a twelve month low of $25.80 and a twelve month high of $32.65. The company has a quick ratio of 0.89, a current ratio of 2.04 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $5.72 billion, a price-to-earnings ratio of 15.56 and a beta of 0.50.

Reynolds Consumer Products (NASDAQ:REYN) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). Reynolds Consumer Products had a net margin of 10.03% and a return on equity of 18.27%. The firm had revenue of $910.00 million for the quarter, compared to analysts’ expectations of $902.88 million. During the same quarter in the previous year, the business earned $0.37 EPS. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. Research analysts forecast that Reynolds Consumer Products Inc. will post 1.69 EPS for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.23 per share. The ex-dividend date is Friday, November 15th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.38%. Reynolds Consumer Products’s dividend payout ratio (DPR) is currently 52.57%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Jefferies Financial Group assumed coverage on Reynolds Consumer Products in a research report on Thursday, August 29th. They issued a “buy” rating and a $38.00 price objective on the stock. JPMorgan Chase & Co. increased their price objective on Reynolds Consumer Products from $29.00 to $33.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. Royal Bank of Canada increased their price objective on Reynolds Consumer Products from $31.00 to $32.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 8th. Barclays lowered their price objective on Reynolds Consumer Products from $29.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 31st. Finally, Canaccord Genuity Group increased their price objective on Reynolds Consumer Products from $30.00 to $32.00 and gave the stock a “hold” rating in a research report on Thursday, August 8th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Reynolds Consumer Products has an average rating of “Hold” and an average price target of $32.17.

Insider Activity

In related news, Director Rolf Stangl acquired 7,207 shares of Reynolds Consumer Products stock in a transaction dated Friday, November 1st. The shares were purchased at an average cost of $27.25 per share, with a total value of $196,390.75. Following the completion of the purchase, the director now owns 7,207 shares of the company’s stock, valued at $196,390.75. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.20% of the company’s stock.

Reynolds Consumer Products 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.