Sanctuary Advisors LLC Has $386,000 Holdings in Reynolds Consumer Products Inc. (NASDAQ:REYN)

Sanctuary Advisors LLC lessened its stake in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) by 3.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,397 shares of the company’s stock after selling 490 shares during the quarter. Sanctuary Advisors LLC’s holdings in Reynolds Consumer Products were worth $386,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. True Wealth Design LLC bought a new position in shares of Reynolds Consumer Products during the third quarter valued at $29,000. Abich Financial Wealth Management LLC bought a new position in Reynolds Consumer Products during the 2nd quarter valued at about $54,000. Capital Performance Advisors LLP acquired a new position in Reynolds Consumer Products in the third quarter valued at about $70,000. Venturi Wealth Management LLC boosted its position in Reynolds Consumer Products by 93.7% in the third quarter. Venturi Wealth Management LLC now owns 2,561 shares of the company’s stock valued at $80,000 after buying an additional 1,239 shares in the last quarter. Finally, nVerses Capital LLC bought a new stake in Reynolds Consumer Products during the second quarter worth about $90,000. Institutional investors and hedge funds own 26.81% of the company’s stock.

Insider Transactions at Reynolds Consumer Products

In related news, Director Helen Golding purchased 1,190 shares of Reynolds Consumer Products stock in a transaction dated Thursday, November 14th. The shares were acquired at an average cost of $27.58 per share, for a total transaction of $32,820.20. Following the transaction, the director now directly owns 1,190 shares of the company’s stock, valued at approximately $32,820.20. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Rolf Stangl acquired 7,207 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was bought at an average price of $27.25 per share, with a total value of $196,390.75. Following the acquisition, the director now directly owns 7,207 shares of the company’s stock, valued at $196,390.75. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 12,079 shares of company stock worth $330,466 in the last quarter. 0.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on REYN. Barclays cut their target price on shares of Reynolds Consumer Products from $29.00 to $28.00 and set an “equal weight” rating for the company in a research note on Thursday, October 31st. 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 for the company. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Reynolds Consumer Products has a consensus rating of “Hold” and an average price target of $32.17.

Reynolds Consumer Products Stock Performance

Shares of Reynolds Consumer Products stock opened at $27.36 on Friday. The firm has a 50 day simple moving average of $27.97 and a 200 day simple moving average of $28.95. Reynolds Consumer Products Inc. has a fifty-two week low of $26.50 and a fifty-two week high of $32.65. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.04 and a quick ratio of 0.89. The firm has a market cap of $5.75 billion, a P/E ratio of 15.63 and a beta of 0.50.

Reynolds Consumer Products (NASDAQ:REYN) last released its 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). The firm had revenue of $910.00 million for the quarter, compared to the consensus estimate of $902.88 million. Reynolds Consumer Products had a return on equity of 18.27% and a net margin of 10.03%. The company’s revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.37 EPS. Sell-side analysts predict that Reynolds Consumer Products Inc. will post 1.69 earnings per share for the current fiscal year.

Reynolds Consumer Products Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.36%. The ex-dividend date was Friday, November 15th. Reynolds Consumer Products’s dividend payout ratio (DPR) is presently 52.57%.

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.