BlackRock Inc. Takes Position in Reynolds Consumer Products Inc. $REYN

Key Points

• BlackRock acquired 7.08 million Reynolds Consumer Products shares worth approximately $190.1 million, giving it a 3.36% stake. Institutional investors collectively own 26.81% of the company.
• Analysts remain broadly neutral on REYN, with one Buy rating and seven Holds. The consensus target price is $25.60 after several firms raised their price objectives.
• Reynolds exceeded quarterly earnings and revenue expectations, reporting $0.42 in EPS and $944 million in revenue. The company also declared a quarterly dividend of $0.23 per share, equivalent to a 3.8% annualized yield.

BlackRock Inc. acquired a new stake in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,080,422 shares of the company's stock, valued at approximately $190,109,000. BlackRock Inc. owned 3.36% of Reynolds Consumer Products as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in REYN. Deutsche Bank AG purchased a new stake in Reynolds Consumer Products during the 2nd quarter valued at $316,000. Perigon Wealth Management LLC purchased a new position in shares of Reynolds Consumer Products in the 2nd quarter worth $324,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Reynolds Consumer Products in the 2nd quarter worth $31,000. Global Retirement Partners LLC purchased a new position in shares of Reynolds Consumer Products in the 2nd quarter worth $34,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Reynolds Consumer Products in the second quarter worth $27,907,000. Hedge funds and other institutional investors own 26.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on REYN shares. Barclays upped their price objective on 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. UBS Group raised their price objective on shares of Reynolds Consumer Products from $23.00 to $27.00 and gave the stock a "neutral" rating in a report on Thursday, July 16th. 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. Canaccord Genuity Group boosted their target price on shares of Reynolds Consumer Products from $24.00 to $25.00 and gave the company a "hold" rating in a research report on Thursday, July 30th. Finally, JPMorgan Chase & Co. upped their target price on shares of Reynolds Consumer Products from $23.00 to $27.00 and gave the company a "neutral" rating in a report on Thursday, July 16th. One equities research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $25.60.

Reynolds Consumer Products Stock Down 1.7%

Shares of REYN opened at $24.20 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.80 and a quick ratio of 0.71. The stock has a market capitalization of $5.10 billion, a price-to-earnings ratio of 14.76 and a beta of 0.55. Reynolds Consumer Products Inc. has a 1 year low of $20.44 and a 1 year high of $27.32. The business's 50 day simple moving average is $25.88 and its 200-day simple moving average is $23.47.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last announced its quarterly 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. The company had revenue of $944.00 million for the quarter, compared to analysts' expectations of $935.46 million. Reynolds Consumer Products had a net margin of 9.11% and a return on equity of 16.03%. Reynolds Consumer Products's quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.39 earnings per share. 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 analysts expect that Reynolds Consumer Products Inc. will post 1.59 earnings per share 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. Stockholders of record on Monday, August 17th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Monday, August 17th. Reynolds Consumer Products's dividend payout ratio is currently 56.10%.

Reynolds Consumer Products Company Profile

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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