Aigen Investment Management LP acquired a new stake in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 11,327 shares of the company's stock, valued at approximately $270,000.
Other large investors have also bought and sold shares of the company. Quarry LP boosted its position in Reynolds Consumer Products by 187.0% during the 4th quarter. Quarry LP now owns 2,531 shares of the company's stock valued at $68,000 after acquiring an additional 1,649 shares in the last quarter. Versant Capital Management Inc boosted its position in Reynolds Consumer Products by 38.1% during the 1st quarter. Versant Capital Management Inc now owns 2,543 shares of the company's stock valued at $61,000 after acquiring an additional 701 shares in the last quarter. Covestor Ltd boosted its position in Reynolds Consumer Products by 12.3% during the 1st quarter. Covestor Ltd now owns 4,670 shares of the company's stock valued at $111,000 after acquiring an additional 513 shares in the last quarter. Deutsche Bank AG boosted its position in Reynolds Consumer Products by 35.8% during the 4th quarter. Deutsche Bank AG now owns 7,247 shares of the company's stock valued at $196,000 after acquiring an additional 1,910 shares in the last quarter. Finally, Ariel Investments LLC boosted its position in Reynolds Consumer Products by 6.1% during the 4th quarter. Ariel Investments LLC now owns 7,446 shares of the company's stock valued at $201,000 after acquiring an additional 426 shares in the last quarter. 26.81% of the stock is owned by institutional investors.
Reynolds Consumer Products Price Performance
REYN stock traded up $0.3310 during mid-day trading on Tuesday, hitting $22.8710. The company had a trading volume of 98,124 shares, compared to its average volume of 954,059. The company has a market capitalization of $4.81 billion, a price-to-earnings ratio of 15.36 and a beta of 0.58. Reynolds Consumer Products Inc. has a 12-month low of $20.91 and a 12-month high of $32.65. The company has a quick ratio of 0.75, a current ratio of 1.85 and a debt-to-equity ratio of 0.75. The company has a 50-day moving average price of $21.90 and a 200 day moving average price of $22.99.
Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.38 by $0.01. The business had revenue of $938.00 million for the quarter, compared to analysts' expectations of $899.05 million. Reynolds Consumer Products had a net margin of 8.44% and a return on equity of 16.00%. The business's quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company 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, research analysts anticipate that Reynolds Consumer Products Inc. will post 1.66 earnings per share for the current year.
Reynolds Consumer Products Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be paid a $0.23 dividend. The ex-dividend date is Friday, August 15th. This represents a $0.92 annualized dividend and a yield of 4.0%. Reynolds Consumer Products's payout ratio is presently 61.74%.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on REYN shares. UBS Group lifted their target price on shares of Reynolds Consumer Products from $23.00 to $25.00 and gave the company a "neutral" rating in a report on Thursday, July 31st. Truist Financial cut their target price on shares of Reynolds Consumer Products from $35.00 to $30.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Royal Bank Of Canada reissued a "sector perform" rating and set a $30.00 price objective on shares of Reynolds Consumer Products in a research report on Monday, April 28th. Canaccord Genuity Group cut their price objective on shares of Reynolds Consumer Products from $27.00 to $26.00 and set a "hold" rating for the company in a research report on Thursday, May 1st. Finally, Barclays boosted their price objective on shares of Reynolds Consumer Products from $21.00 to $22.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Reynolds Consumer Products has a consensus rating of "Hold" and an average price target of $28.00.
Read Our Latest Stock Analysis on Reynolds Consumer Products
Insider Buying and Selling at Reynolds Consumer Products
In related news, CAO Chris Mayrhofer purchased 5,048 shares of the firm's stock in a transaction on Friday, May 30th. The shares were acquired at an average price of $21.99 per share, for a total transaction of $111,005.52. Following the purchase, the chief accounting officer directly owned 23,266 shares in the company, valued at $511,619.34. This trade represents a 27.71% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Rolf Stangl bought 4,500 shares of the firm's stock in a transaction dated Friday, June 20th. The shares were acquired at an average price of $21.24 per share, for a total transaction of $95,580.00. Following the completion of the transaction, the director directly owned 30,889 shares in the company, valued at approximately $656,082.36. This represents a 17.05% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 32,266 shares of company stock worth $707,582. Corporate insiders own 0.15% of the company's stock.
Reynolds Consumer Products Profile
(
Free Report)
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.
Further Reading
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