Nuveen LLC Makes New $3.11 Million Investment in Reynolds Consumer Products Inc. $REYN

Key Points

• Nuveen LLC has acquired 130,123 shares of Reynolds Consumer Products Inc. for approximately $3.1 million, increasing its shareholding to about 0.06% of the company.
• Institutional investors collectively own 26.81% of Reynolds Consumer Products, with recent significant increases in holdings from firms like Susquehanna International Group, which raised its stake by 246.4%.
• Reynolds Consumer Products recently reported a quarterly EPS of $0.39, beating the consensus estimate of $0.38, with a projected annual EPS guidance of 1.66 for the current year.

Nuveen LLC bought a new position in Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 130,123 shares of the company's stock, valued at approximately $3,105,000. Nuveen LLC owned about 0.06% of Reynolds Consumer Products at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Quarry LP increased its position in Reynolds Consumer Products by 187.0% in the fourth quarter. Quarry LP now owns 2,531 shares of the company's stock worth $68,000 after buying an additional 1,649 shares during the last quarter. Versant Capital Management Inc grew its position in shares of Reynolds Consumer Products by 38.1% in the first quarter. Versant Capital Management Inc now owns 2,543 shares of the company's stock valued at $61,000 after purchasing an additional 701 shares in the last quarter. Covestor Ltd grew its position in shares of Reynolds Consumer Products by 12.3% in the first quarter. Covestor Ltd now owns 4,670 shares of the company's stock valued at $111,000 after purchasing an additional 513 shares in the last quarter. Deutsche Bank AG grew its position in shares of Reynolds Consumer Products by 35.8% in the fourth quarter. Deutsche Bank AG now owns 7,247 shares of the company's stock valued at $196,000 after purchasing an additional 1,910 shares in the last quarter. Finally, Ariel Investments LLC grew its position in shares of Reynolds Consumer Products by 6.1% in the fourth quarter. Ariel Investments LLC now owns 7,446 shares of the company's stock valued at $201,000 after purchasing an additional 426 shares in the last quarter. 26.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Duncan Hawkesby bought 159,506 shares of the stock in a transaction dated Tuesday, August 26th. The stock was bought at an average price of $22.99 per share, for a total transaction of $3,667,042.94. Following the purchase, the director directly owned 334,092 shares in the company, valued at $7,680,775.08. This trade represents a 91.36% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rolf Stangl bought 4,500 shares of the stock in a transaction dated Friday, June 20th. The stock was purchased at an average price of $21.24 per share, with a total value of $95,580.00. Following the purchase, the director owned 30,889 shares in the company, valued at $656,082.36. This trade represents a 17.05% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 240,092 shares of company stock valued at $5,510,132. 0.15% of the stock is currently owned by company insiders.

Reynolds Consumer Products Trading Up 0.6%

REYN stock traded up $0.13 during trading on Friday, hitting $23.21. 620,798 shares of the company traded hands, compared to its average volume of 897,380. The firm has a market capitalization of $4.88 billion, a PE ratio of 15.58 and a beta of 0.58. Reynolds Consumer Products Inc. has a 1 year low of $20.91 and a 1 year high of $32.65. The company has a 50-day moving average of $22.21 and a 200-day moving average of $22.85. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.75 and a current ratio of 1.85.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. The company had revenue of $938.00 million during the quarter, compared to analysts' expectations of $899.05 million. Reynolds Consumer Products had a return on equity of 16.00% and a net margin of 8.44%.Reynolds Consumer Products's quarterly revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the business posted $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. Analysts predict that Reynolds Consumer Products Inc. will post 1.66 earnings per share for the current fiscal 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 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Friday, August 15th. Reynolds Consumer Products's dividend payout ratio (DPR) is presently 61.74%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on REYN shares. Wall Street Zen upgraded Reynolds Consumer Products from a "sell" rating to a "hold" rating in a research report on Friday, May 30th. UBS Group boosted their target price on Reynolds Consumer Products from $23.00 to $25.00 and gave the stock a "neutral" rating in a research report on Thursday, July 31st. Finally, Barclays boosted their target price on Reynolds Consumer Products from $21.00 to $22.00 and gave the stock an "equal weight" rating in a research report on Friday, August 1st. Two research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $26.75.

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.