Algert Global LLC Has $10.30 Million Stake in Reynolds Consumer Products Inc. $REYN

Algert Global LLC lifted its stake in Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) by 448.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 383,660 shares of the company's stock after buying an additional 313,740 shares during the period. Algert Global LLC owned approximately 0.18% of Reynolds Consumer Products worth $10,301,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Reynolds Consumer Products during the 2nd quarter valued at $190,109,000. Dimensional Fund Advisors LP raised its stake in Reynolds Consumer Products by 14.5% in the first quarter. Dimensional Fund Advisors LP now owns 5,068,602 shares of the company's stock valued at $107,350,000 after purchasing an additional 643,573 shares in the last quarter. AQR Capital Management LLC raised its stake in Reynolds Consumer Products by 163.3% in the third quarter. AQR Capital Management LLC now owns 4,951,190 shares of the company's stock valued at $121,156,000 after purchasing an additional 3,071,015 shares in the last quarter. First Trust Advisors LP lifted its position in Reynolds Consumer Products by 8.5% during the first quarter. First Trust Advisors LP now owns 2,329,337 shares of the company's stock worth $49,335,000 after purchasing an additional 182,772 shares during the period. Finally, Jane Street Group LLC lifted its position in Reynolds Consumer Products by 858.3% during the second quarter. Jane Street Group LLC now owns 1,204,840 shares of the company's stock worth $25,808,000 after purchasing an additional 1,079,116 shares during the period. Institutional investors and hedge funds own 26.81% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Weiss Ratings upgraded shares of Reynolds Consumer Products from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, June 29th. Piper Sandler upgraded shares of Reynolds Consumer Products to an "overweight" rating in a research report on Thursday, July 30th. JPMorgan Chase & Co. increased their price target on shares of Reynolds Consumer Products from $23.00 to $27.00 and gave the stock a "neutral" rating in a research report on Thursday, July 16th. Barclays boosted their price objective on shares of Reynolds Consumer Products from $24.00 to $25.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 21st. Finally, Canaccord Genuity Group upped their target price on Reynolds Consumer Products from $24.00 to $25.00 and gave the stock a "hold" rating in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Reynolds Consumer Products has a consensus rating of "Hold" and an average target price of $25.60.

Reynolds Consumer Products Stock Down 2.9%

Shares of NASDAQ:REYN opened at $24.56 on Wednesday. Reynolds Consumer Products Inc. has a 52-week low of $20.44 and a 52-week high of $27.32. The company has a market capitalization of $5.18 billion, a PE ratio of 14.98 and a beta of 0.55. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.71 and a current ratio of 1.80. The company has a fifty day moving average of $25.85 and a 200-day moving average of $23.45.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.02. Reynolds Consumer Products had a return on equity of 16.03% and a net margin of 9.11%.The company had revenue of $944.00 million for the quarter, compared to the consensus estimate of $935.46 million. During the same quarter last year, the business posted $0.39 EPS. Reynolds Consumer Products's revenue for the quarter was up .6% on a year-over-year basis. Reynolds Consumer Products has set its Q3 2026 guidance at 0.370-0.390 EPS and its FY 2026 guidance at 1.570-1.630 EPS. On average, equities analysts predict that Reynolds Consumer Products Inc. will post 1.59 EPS for the current fiscal year.

Reynolds Consumer Products Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Monday, August 17th. Reynolds Consumer Products's payout ratio is presently 56.10%.

About Reynolds Consumer Products

Reynolds Consumer Products, Inc NASDAQ: REYN is a leading North American manufacturer and marketer of household consumer products. The company specializes in food storage and cooking solutions, including aluminum foil, plastic wrap, food storage containers and disposable tableware. Its core portfolio features well-known brands such as Reynolds Wrap aluminum foil, Hefty storage containers and trash bags, and Fastfold paper plates.

The company operates through a network of manufacturing and distribution facilities across North America, Latin America, Europe and the Asia Pacific region.

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