Nexpoint Asset Management L.P. Takes $2.52 Million Position in Reynolds Consumer Products Inc. $REYN

Key Points

• Nexpoint Asset Management L.P. has acquired 105,600 shares of Reynolds Consumer Products Inc., representing a value of approximately $2.52 million, which amounts to about 0.05% of the company's total shares.
• The company's stock closed at $23.57, with a twelve-month low and high of $20.91 and $32.65, respectively, and a market capitalization of $4.96 billion.
• Reynolds Consumer Products recently declared a quarterly dividend of $0.23 per share, with an annualized dividend yield of 3.9%.

Nexpoint Asset Management L.P. acquired a new stake in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 105,600 shares of the company's stock, valued at approximately $2,520,000. Nexpoint Asset Management L.P. owned about 0.05% of Reynolds Consumer Products at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Reynolds Consumer Products by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 6,002,580 shares of the company's stock worth $143,222,000 after acquiring an additional 159,522 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Reynolds Consumer Products by 2.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 607,090 shares of the company's stock worth $14,485,000 after purchasing an additional 15,184 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Reynolds Consumer Products by 11.3% during the first quarter. Millennium Management LLC now owns 592,459 shares of the company's stock worth $14,136,000 after purchasing an additional 60,198 shares during the period. Ceredex Value Advisors LLC boosted its position in Reynolds Consumer Products by 16.5% in the first quarter. Ceredex Value Advisors LLC now owns 545,829 shares of the company's stock valued at $13,023,000 after buying an additional 77,469 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in Reynolds Consumer Products by 49.1% in the 4th quarter. Northern Trust Corp now owns 350,398 shares of the company's stock worth $9,457,000 after buying an additional 115,399 shares during the period. Hedge funds and other institutional investors own 26.81% of the company's stock.

Analyst Upgrades and Downgrades

REYN has been the subject of several research reports. Wall Street Zen upgraded shares of Reynolds Consumer Products from a "sell" rating to a "hold" rating in a research note on Friday, May 30th. Barclays boosted their price objective on Reynolds Consumer Products from $21.00 to $22.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. Finally, UBS Group lifted their price target on Reynolds Consumer Products from $23.00 to $25.00 and gave the company a "neutral" rating in a research report on Thursday, July 31st. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $26.75.

Insiders Place Their Bets

In related news, Director Duncan Hawkesby acquired 159,506 shares of the firm's stock in a transaction that occurred on Tuesday, August 26th. The shares were purchased at an average price of $22.99 per share, with a total value of $3,667,042.94. Following the completion of the acquisition, the director owned 334,092 shares in the company, valued at approximately $7,680,775.08. This represents a 91.36% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Rolf Stangl bought 4,500 shares of the company's stock in a transaction on Friday, June 20th. The shares were acquired at an average price of $21.24 per share, with a total value of $95,580.00. Following the completion of the acquisition, the director directly owned 30,889 shares in the company, valued at $656,082.36. This represents a 17.05% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders acquired 235,592 shares of company stock valued at $5,412,482. 0.15% of the stock is owned by corporate insiders.

Reynolds Consumer Products Trading Down 1.8%

NASDAQ:REYN traded down $0.41 during trading hours on Wednesday, reaching $22.66. 277,364 shares of the stock were exchanged, compared to its average volume of 951,650. The business has a 50-day moving average of $22.47 and a two-hundred day moving average of $22.81. Reynolds Consumer Products Inc. has a twelve month low of $20.91 and a twelve month high of $32.21. The company has a market capitalization of $4.77 billion, a price-to-earnings ratio of 15.20 and a beta of 0.61. The company has a quick ratio of 0.75, a current ratio of 1.85 and a debt-to-equity ratio of 0.75.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.01. The firm had revenue of $938.00 million for the quarter, compared to the consensus estimate of $899.05 million. Reynolds Consumer Products had a net margin of 8.44% and a return on equity of 16.00%. The firm's revenue for the quarter was up .9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.46 EPS. Reynolds Consumer Products has set its Q3 2025 guidance at 0.370-0.410 EPS. FY 2025 guidance at 1.540-1.610 EPS. On average, equities analysts predict that Reynolds Consumer Products Inc. will post 1.66 EPS for the current year.

Reynolds Consumer Products Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Friday, August 15th. Reynolds Consumer Products's dividend payout ratio (DPR) is 61.74%.

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.