AQR Capital Management LLC lessened its holdings in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) by 32.2% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 906,801 shares of the company's stock after selling 431,217 shares during the period. AQR Capital Management LLC owned 0.43% of Reynolds Consumer Products worth $21,636,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Cerity Partners LLC grew its holdings in shares of Reynolds Consumer Products by 418.8% during the first quarter. Cerity Partners LLC now owns 61,821 shares of the company's stock worth $1,475,000 after purchasing an additional 49,904 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Reynolds Consumer Products by 1,493.1% during the first quarter. GAMMA Investing LLC now owns 20,233 shares of the company's stock worth $483,000 after purchasing an additional 18,963 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Reynolds Consumer Products by 2.7% during the first quarter. Vanguard Group Inc. now owns 6,002,580 shares of the company's stock worth $143,222,000 after purchasing an additional 159,522 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Reynolds Consumer Products by 5.3% in the first quarter. Envestnet Asset Management Inc. now owns 281,648 shares of the company's stock valued at $6,720,000 after acquiring an additional 14,244 shares during the last quarter. Finally, Hunter Perkins Capital Management LLC bought a new position in Reynolds Consumer Products in the first quarter valued at about $649,000. Institutional investors own 26.81% of the company's stock.
Analyst Upgrades and Downgrades
REYN has been the topic of several recent research reports. Wall Street Zen upgraded Reynolds Consumer Products from a "sell" rating to a "hold" rating in a report on Friday, May 30th. UBS Group raised their price target on Reynolds Consumer Products from $23.00 to $25.00 and gave the company a "neutral" rating in a report on Thursday, July 31st. Finally, Barclays raised their price target 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. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Reynolds Consumer Products presently has an average rating of "Hold" and an average target price of $26.75.
View Our Latest Stock Analysis on REYN
Reynolds Consumer Products Stock Down 1.3%
Shares of NASDAQ REYN traded down $0.30 during mid-day trading on Friday, reaching $23.03. 970,247 shares of the company's stock were exchanged, compared to its average volume of 841,002. The firm has a market capitalization of $4.84 billion, a price-to-earnings ratio of 15.46 and a beta of 0.61. The company has a current ratio of 1.85, a quick ratio of 0.75 and a debt-to-equity ratio of 0.75. The business has a fifty day simple moving average of $22.55 and a 200 day simple moving average of $22.77. Reynolds Consumer Products Inc. has a twelve month low of $20.91 and a twelve month high of $32.21.
Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.39 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.01. The company had revenue of $938.00 million for the quarter, compared to analyst estimates 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 revenue was up .9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.46 earnings per share. Reynolds Consumer Products has set its Q3 2025 guidance at 0.370-0.410 EPS. FY 2025 guidance at 1.540-1.610 EPS. As a group, equities analysts expect that Reynolds Consumer Products Inc. will post 1.66 EPS for the current fiscal year.
Reynolds Consumer Products Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.0%. Reynolds Consumer Products's dividend payout ratio (DPR) is currently 61.74%.
Insider Buying and Selling
In other news, Director Duncan Hawkesby bought 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, for a total transaction of $3,667,042.94. Following the purchase, the director owned 334,092 shares of the company's stock, valued at approximately $7,680,775.08. The trade was a 91.36% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Rolf Stangl bought 4,500 shares of the business's stock in a transaction on Friday, June 20th. The stock was purchased at an average price of $21.24 per share, for a total transaction of $95,580.00. Following the purchase, 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 three months, insiders purchased 235,592 shares of company stock worth $5,412,482. 0.15% of the stock is owned by insiders.
About Reynolds Consumer Products
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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.
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