Reynolds Consumer Products Inc. $REYN Shares Purchased by Brandywine Global Investment Management LLC

Key Points

• Brandywine Global Investment Management LLC increased its stake in Reynolds Consumer Products Inc. by 42.1% in Q1, now holding 85,059 shares worth approximately $2.03 million.
• Reynolds Consumer Products recently declared a quarterly dividend of $0.23 per share, providing an annualized yield of 4.1%.
• Multiple institutional investors, including Vanguard and Dimensional Fund Advisors, have increased their positions in Reynolds Consumer Products, indicating growing institutional confidence in the company.

Brandywine Global Investment Management LLC boosted its position in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) by 42.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 85,059 shares of the company's stock after acquiring an additional 25,211 shares during the period. Brandywine Global Investment Management LLC's holdings in Reynolds Consumer Products were worth $2,030,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new position in Reynolds Consumer Products during the 1st quarter worth approximately $3,105,000. Aigen Investment Management LP acquired a new position in Reynolds Consumer Products during the 1st quarter worth approximately $270,000. Invesco Ltd. grew its holdings in Reynolds Consumer Products by 6.2% during the 1st quarter. Invesco Ltd. now owns 150,564 shares of the company's stock worth $3,592,000 after acquiring an additional 8,838 shares in the last quarter. Covestor Ltd grew its holdings 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Reynolds Consumer Products by 2.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 607,090 shares of the company's stock worth $14,485,000 after acquiring an additional 15,184 shares in the last quarter. Institutional investors and hedge funds own 26.81% of the company's stock.

Reynolds Consumer Products Stock Up 1.4%

Shares of NASDAQ:REYN traded up $0.32 during trading on Friday, hitting $23.40. 656,601 shares of the company were exchanged, compared to its average volume of 1,124,902. The stock has a market capitalization of $4.92 billion, a P/E ratio of 15.70 and a beta of 0.58. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.85 and a quick ratio of 0.75. Reynolds Consumer Products Inc. has a 12-month low of $20.91 and a 12-month high of $32.65. The firm's 50 day moving average price is $22.02 and its 200-day moving average price is $22.89.

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, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $899.05 million. During the same quarter in the prior year, the firm earned $0.46 EPS. Reynolds Consumer Products's revenue for the quarter 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, research analysts predict that Reynolds Consumer Products Inc. will post 1.66 earnings per share for the current fiscal year.

Reynolds Consumer Products Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be given a dividend of $0.23 per share. The ex-dividend date is Friday, August 15th. This represents a $0.92 dividend on an annualized basis and a yield of 3.9%. Reynolds Consumer Products's dividend payout ratio is presently 61.74%.

Insiders Place Their Bets

In related news, Director Duncan Hawkesby purchased 67,269 shares of the stock in a transaction dated Thursday, August 21st. The shares were acquired at an average cost of $23.04 per share, with a total value of $1,549,877.76. Following the purchase, the director directly owned 174,586 shares in the company, valued at $4,022,461.44. This trade represents a 62.68% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Chris Mayrhofer purchased 18,218 shares of the stock in a transaction dated Thursday, May 29th. The shares were bought at an average cost of $22.14 per share, for a total transaction of $403,346.52. Following the completion of the purchase, the chief accounting officer owned 18,218 shares in the company, valued at approximately $403,346.52. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders bought 103,852 shares of company stock worth $2,357,442. 0.15% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on REYN shares. Royal Bank Of Canada reiterated a "sector perform" rating and set a $30.00 price target on shares of Reynolds Consumer Products in a report on Monday, April 28th. Canaccord Genuity Group lowered their price target on shares of Reynolds Consumer Products from $27.00 to $26.00 and set a "hold" rating for the company in a report on Thursday, May 1st. UBS Group boosted 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 report on Thursday, July 31st. Barclays boosted 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 report on Friday, August 1st. Finally, Wall Street Zen upgraded shares of Reynolds Consumer Products from a "sell" rating to a "hold" rating in a research report on Friday, May 30th. Three analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $28.00.

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.