Allspring Global Investments Holdings LLC Has $99.76 Million Stake in Reynolds Consumer Products Inc. $REYN

Key Points

• Allspring Global Investments Holdings LLC has significantly reduced its stake in Reynolds Consumer Products by 64.4%, now holding approximately 2.18% of the company, valued at $99.76 million.
• Reynolds Consumer Products reported a net margin of 8.44% and beaten earnings estimates in its latest quarterly results, indicating a year-over-year revenue increase of 0.9%.
• The company recently declared a quarterly dividend of $0.23 per share, resulting in an annualized yield of 3.9% with a payout ratio of 61.74%.

Allspring Global Investments Holdings LLC decreased its holdings in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) by 64.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,580,165 shares of the company's stock after selling 8,290,868 shares during the quarter. Allspring Global Investments Holdings LLC owned about 2.18% of Reynolds Consumer Products worth $99,756,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of REYN. GAMMA Investing LLC grew its position in shares of Reynolds Consumer Products by 231.8% during the 2nd quarter. GAMMA Investing LLC now owns 2,814 shares of the company's stock worth $60,000 after buying an additional 1,966 shares during the period. Parallel Advisors LLC grew its position in shares of Reynolds Consumer Products by 1,995.7% during the 2nd quarter. Parallel Advisors LLC now owns 3,395 shares of the company's stock worth $73,000 after buying an additional 3,233 shares during the period. Blue Trust Inc. grew its position in shares of Reynolds Consumer Products by 1,154.6% during the 2nd quarter. Blue Trust Inc. now owns 4,893 shares of the company's stock worth $105,000 after buying an additional 4,503 shares during the period. Signaturefd LLC grew its position in shares of Reynolds Consumer Products by 492.1% during the 2nd quarter. Signaturefd LLC now owns 4,997 shares of the company's stock worth $107,000 after buying an additional 4,153 shares during the period. Finally, Covestor Ltd boosted its stake in Reynolds Consumer Products by 12.3% during the 1st quarter. Covestor Ltd now owns 4,670 shares of the company's stock worth $111,000 after acquiring an additional 513 shares during the last quarter. Institutional investors and hedge funds own 26.81% of the company's stock.

Reynolds Consumer Products Stock Performance

Shares of REYN opened at $23.43 on Tuesday. 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 Inc. has a twelve month low of $20.91 and a twelve month high of $30.61. The firm's 50 day moving average price is $23.28 and its two-hundred day moving average price is $22.74. The firm has a market cap of $4.93 billion, a P/E ratio of 15.72 and a beta of 0.60.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.01. Reynolds Consumer Products had a net margin of 8.44% and a return on equity of 16.00%. The firm had revenue of $938.00 million for the quarter, compared to analyst estimates of $899.05 million. During the same quarter in the previous year, the firm posted $0.46 earnings per share. The business's revenue was up .9% on a year-over-year basis. 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, analysts forecast that Reynolds Consumer Products Inc. will post 1.66 EPS for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.92 dividend on an annualized basis and a yield of 3.9%. Reynolds Consumer Products's payout ratio is presently 61.74%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on REYN shares. UBS Group lifted their price objective on shares of Reynolds Consumer Products from $23.00 to $25.00 and gave the stock a "neutral" rating in a research note on Thursday, July 31st. Weiss Ratings reissued a "hold (c-)" rating on shares of Reynolds Consumer Products in a research note on Wednesday, October 8th. Finally, Barclays lifted their price objective on shares of Reynolds Consumer Products from $21.00 to $22.00 and gave the stock an "equal weight" rating in a research note on Friday, August 1st. Two analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $26.75.

Insiders Place Their Bets

In related news, Director Duncan Hawkesby purchased 159,506 shares of the business's stock in a transaction 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 purchase, the director owned 334,092 shares in the company, valued at $7,680,775.08. This represents a 91.36% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have purchased a total of 231,092 shares of company stock valued at $5,316,902 over the last 90 days. Insiders own 0.15% of the company's stock.

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.

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