Thompson Siegel & Walmsley LLC Has $7.97 Million Stock Holdings in Reynolds Consumer Products Inc. (NASDAQ:REYN)

Thompson Siegel & Walmsley LLC reduced its stake in Reynolds Consumer Products Inc. (NASDAQ:REYN) by 13.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 284,769 shares of the company’s stock after selling 42,727 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Reynolds Consumer Products were worth $7,968,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in shares of Reynolds Consumer Products by 510.2% during the second quarter. GAMMA Investing LLC now owns 958 shares of the company’s stock worth $27,000 after buying an additional 801 shares during the period. Versant Capital Management Inc acquired a new stake in Reynolds Consumer Products in the second quarter worth $39,000. Quadrant Capital Group LLC raised its holdings in shares of Reynolds Consumer Products by 97.2% during the fourth quarter. Quadrant Capital Group LLC now owns 1,948 shares of the company’s stock valued at $52,000 after purchasing an additional 960 shares during the period. Principal Securities Inc. bought a new position in shares of Reynolds Consumer Products during the 4th quarter worth about $61,000. Finally, Parallel Advisors LLC grew its stake in shares of Reynolds Consumer Products by 26.9% in the 4th quarter. Parallel Advisors LLC now owns 2,288 shares of the company’s stock valued at $61,000 after buying an additional 485 shares during the period. 26.81% of the stock is currently owned by institutional investors.

Reynolds Consumer Products Stock Up 0.4 %

REYN opened at $31.95 on Monday. Reynolds Consumer Products Inc. has a twelve month low of $24.80 and a twelve month high of $32.65. The company’s 50-day moving average price is $29.44 and its two-hundred day moving average price is $28.83. The stock has a market cap of $6.71 billion, a price-to-earnings ratio of 20.35 and a beta of 0.48. The company has a quick ratio of 1.01, a current ratio of 2.13 and a debt-to-equity ratio of 0.87.

Reynolds Consumer Products (NASDAQ:REYN) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.44 by $0.02. The business had revenue of $930.00 million for the quarter, compared to the consensus estimate of $890.71 million. Reynolds Consumer Products had a return on equity of 18.27% and a net margin of 9.74%. Reynolds Consumer Products’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.32 earnings per share. As a group, equities analysts expect that Reynolds Consumer Products Inc. will post 1.69 earnings per share for the current year.

Reynolds Consumer Products Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were given a dividend of $0.23 per share. The ex-dividend date was Friday, August 16th. This represents a $0.92 dividend on an annualized basis and a yield of 2.88%. Reynolds Consumer Products’s dividend payout ratio is presently 58.60%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on REYN. Jefferies Financial Group initiated coverage on Reynolds Consumer Products in a report on Thursday, August 29th. They issued a “buy” rating and a $38.00 price target on the stock. Royal Bank of Canada boosted their price target on shares of Reynolds Consumer Products from $31.00 to $32.00 and gave the stock a “sector perform” rating in a report on Thursday, August 8th. Canaccord Genuity Group upped their price objective on shares of Reynolds Consumer Products from $30.00 to $32.00 and gave the stock a “hold” rating in a research report on Thursday, August 8th. JPMorgan Chase & Co. lifted their target price on shares of Reynolds Consumer Products from $29.00 to $33.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. Finally, Barclays upped their target price on Reynolds Consumer Products from $28.00 to $29.00 and gave the company an “equal weight” rating in a report on Thursday, August 8th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Reynolds Consumer Products currently has an average rating of “Hold” and a consensus target price of $32.00.

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.