Villere ST Denis J & Co. LLC Sells 21,425 Shares of Reynolds Consumer Products Inc. (NASDAQ:REYN)

Villere ST Denis J & Co. LLC reduced its position in Reynolds Consumer Products Inc. (NASDAQ:REYN) by 6.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 294,740 shares of the company’s stock after selling 21,425 shares during the quarter. Villere ST Denis J & Co. LLC owned about 0.14% of Reynolds Consumer Products worth $7,955,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. True Wealth Design LLC bought a new position in Reynolds Consumer Products in the 3rd quarter valued at about $29,000. Blue Trust Inc. increased its holdings in Reynolds Consumer Products by 115.2% in the 4th quarter. Blue Trust Inc. now owns 1,304 shares of the company’s stock valued at $35,000 after buying an additional 698 shares during the period. Eagle Bay Advisors LLC bought a new position in Reynolds Consumer Products in the 4th quarter valued at about $40,000. Capital Performance Advisors LLP bought a new position in Reynolds Consumer Products in the 3rd quarter valued at about $70,000. Finally, Abich Financial Wealth Management LLC increased its holdings in Reynolds Consumer Products by 21.3% in the 3rd quarter. Abich Financial Wealth Management LLC now owns 2,357 shares of the company’s stock valued at $73,000 after buying an additional 414 shares during the period. 26.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Canaccord Genuity Group decreased their target price on shares of Reynolds Consumer Products from $31.00 to $30.00 and set a “hold” rating on the stock in a report on Thursday, February 6th. Barclays decreased their price target on shares of Reynolds Consumer Products from $27.00 to $25.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. JPMorgan Chase & Co. decreased their price target 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. UBS Group decreased their price target on shares of Reynolds Consumer Products from $30.00 to $29.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Finally, Stifel Nicolaus decreased their price target on shares of Reynolds Consumer Products from $32.00 to $31.00 and set a “hold” rating on the stock in a report on Thursday, February 6th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Reynolds Consumer Products presently has an average rating of “Hold” and a consensus target price of $30.38.

Insider Transactions at Reynolds Consumer Products

In other news, Director Rolf Stangl purchased 3,682 shares of the company’s stock in a transaction dated Thursday, December 19th. The shares were purchased at an average price of $27.50 per share, for a total transaction of $101,255.00. Following the transaction, the director now owns 10,889 shares of the company’s stock, valued at approximately $299,447.50. This trade represents a 51.09 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.20% of the company’s stock.

Reynolds Consumer Products Stock Down 2.9 %

NASDAQ:REYN opened at $23.94 on Friday. The firm’s 50 day simple moving average is $26.95 and its 200 day simple moving average is $28.69. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.04 and a quick ratio of 0.89. Reynolds Consumer Products Inc. has a one year low of $23.88 and a one year high of $32.65. The company has a market cap of $5.03 billion, a PE ratio of 14.25 and a beta of 0.50.

Reynolds Consumer Products (NASDAQ:REYN) last posted its earnings results 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 net margin of 9.56% and a return on equity of 17.14%. On average, research analysts anticipate that Reynolds Consumer Products Inc. will post 1.66 earnings per share for the current year.

Reynolds Consumer Products Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a $0.23 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.84%. Reynolds Consumer Products’s dividend payout ratio (DPR) is currently 54.76%.

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.