Bank of America Corp DE Acquires 185,665 Shares of Reynolds Consumer Products Inc. $REYN

Key Points

• Bank of America increased its Reynolds Consumer Products stake by 38.9% in the first quarter, acquiring 185,665 shares and bringing its holdings to 662,465 shares valued at approximately $14.0 million.
• Reynolds reported quarterly earnings of $0.42 per share, ahead of the $0.40 consensus estimate, while revenue reached $944 million. The company reaffirmed guidance for fiscal 2026 EPS of $1.57–$1.63.
• The company declared a quarterly dividend of $0.23 per share, representing a 3.6% yield. Analysts maintain a consensus “Hold” rating with an average price target of $25.60, near the stock’s $25.47 opening price.

Bank of America Corp DE boosted its stake in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) by 38.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 662,465 shares of the company's stock after buying an additional 185,665 shares during the period. Bank of America Corp DE owned approximately 0.31% of Reynolds Consumer Products worth $14,031,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Larson Financial Group LLC lifted its holdings in shares of Reynolds Consumer Products by 70.4% in the fourth quarter. Larson Financial Group LLC now owns 1,264 shares of the company's stock valued at $29,000 after purchasing an additional 522 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Reynolds Consumer Products by 127.7% during the 4th quarter. Farther Finance Advisors LLC now owns 1,391 shares of the company's stock worth $32,000 after acquiring an additional 780 shares in the last quarter. SJS Investment Consulting Inc. grew its stake in shares of Reynolds Consumer Products by 4,657.9% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,808 shares of the company's stock worth $38,000 after acquiring an additional 1,770 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of Reynolds Consumer Products by 119.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,794 shares of the company's stock valued at $41,000 after purchasing an additional 978 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its holdings in shares of Reynolds Consumer Products by 199,400.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,995 shares of the company's stock valued at $46,000 after purchasing an additional 1,994 shares during the last quarter. Institutional investors own 26.81% of the company's stock.

Reynolds Consumer Products Stock Performance

Shares of Reynolds Consumer Products stock opened at $25.47 on Friday. The company has a current ratio of 1.80, a quick ratio of 0.71 and a debt-to-equity ratio of 0.66. The company has a market cap of $5.37 billion, a PE ratio of 15.53 and a beta of 0.55. The company has a 50 day moving average of $25.79 and a 200-day moving average of $23.42. Reynolds Consumer Products Inc. has a 1-year low of $20.44 and a 1-year high of $27.32.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $0.42 earnings per share for the quarter, topping 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 firm had revenue of $944.00 million during the quarter, compared to analysts' expectations of $935.46 million. During the same period in the prior year, the company earned $0.39 earnings per share. The company's quarterly revenue 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. As a group, equities research analysts forecast that Reynolds Consumer Products Inc. will post 1.59 earnings per share for the current fiscal year.

Reynolds Consumer Products Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Monday, August 17th. Reynolds Consumer Products's payout ratio is 56.10%.

Analyst Upgrades and Downgrades

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

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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