EntryPoint Capital LLC Takes Position in Reynolds Consumer Products Inc. (NASDAQ:REYN)

EntryPoint Capital LLC bought a new position in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 22,380 shares of the company’s stock, valued at approximately $604,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cannon Global Investment Management LLC purchased a new stake in shares of Reynolds Consumer Products in the fourth quarter worth about $348,000. Vanguard Group Inc. increased its stake in shares of Reynolds Consumer Products by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 5,843,058 shares of the company’s stock valued at $157,704,000 after purchasing an additional 17,756 shares in the last quarter. LPL Financial LLC raised its stake in shares of Reynolds Consumer Products by 38.3% during the 4th quarter. LPL Financial LLC now owns 41,841 shares of the company’s stock worth $1,129,000 after buying an additional 11,582 shares during the period. Fox Run Management L.L.C. lifted its holdings in Reynolds Consumer Products by 210.3% during the fourth quarter. Fox Run Management L.L.C. now owns 25,178 shares of the company’s stock valued at $680,000 after purchasing an additional 17,065 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in Reynolds Consumer Products in the 4th quarter valued at about $364,000. 26.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Reynolds Consumer Products

In related news, Director Rolf Stangl bought 6,000 shares of the stock in a transaction on Monday, February 10th. The shares were purchased at an average price of $24.89 per share, with a total value of $149,340.00. Following the purchase, the director now owns 16,889 shares in the company, valued at approximately $420,367.21. This represents a 55.10 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. UBS Group lowered 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 research report on Thursday, January 16th. Evercore ISI decreased their target price on Reynolds Consumer Products from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Thursday, February 6th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $32.00 price objective on shares of Reynolds Consumer Products in a research report on Monday, February 3rd. Stifel Nicolaus cut their price objective 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. Finally, Barclays reduced 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. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Reynolds Consumer Products currently has a consensus rating of “Hold” and an average target price of $30.38.

Reynolds Consumer Products Stock Performance

NASDAQ:REYN opened at $23.54 on Tuesday. Reynolds Consumer Products Inc. has a twelve month low of $23.13 and a twelve month high of $32.65. The firm’s fifty day simple moving average is $25.24 and its 200 day simple moving average is $27.51. The company has a current ratio of 2.04, a quick ratio of 0.99 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $4.95 billion, a price-to-earnings ratio of 14.01 and a beta of 0.56.

Reynolds Consumer Products (NASDAQ:REYN) last released its quarterly 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 return on equity of 17.14% and a net margin of 9.56%. As a group, equities research analysts expect that Reynolds Consumer Products Inc. will post 1.66 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, February 28th. Shareholders of record on Friday, February 14th were issued a $0.23 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.92 dividend on an annualized basis and a yield of 3.91%. Reynolds Consumer Products’s dividend payout ratio is currently 54.76%.

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.