Brandywine Global Investment Management LLC Has $2.03 Million Stock Holdings in Reynolds Consumer Products Inc. $REYN

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 holdings in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) by 42.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,059 shares of the company's stock after purchasing 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.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Nuveen LLC bought a new position in shares of Reynolds Consumer Products in the first quarter valued at about $3,105,000. Aigen Investment Management LP acquired a new stake in Reynolds Consumer Products in the 1st quarter valued at about $270,000. Invesco Ltd. lifted its position in shares of Reynolds Consumer Products by 6.2% during the first quarter. Invesco Ltd. now owns 150,564 shares of the company's stock worth $3,592,000 after purchasing an additional 8,838 shares in the last quarter. Covestor Ltd grew its stake in shares of Reynolds Consumer Products by 12.3% during the first quarter. Covestor Ltd now owns 4,670 shares of the company's stock valued at $111,000 after purchasing an additional 513 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Reynolds Consumer Products by 2.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 607,090 shares of the company's stock valued at $14,485,000 after purchasing an additional 15,184 shares in the last quarter. Institutional investors and hedge funds own 26.81% of the company's stock.

Insider Activity at Reynolds Consumer Products

In other Reynolds Consumer Products news, Director Rolf Stangl bought 4,500 shares of the stock in a transaction that occurred on Friday, June 20th. The stock was acquired at an average cost of $21.24 per share, with a total value of $95,580.00. Following the purchase, the director owned 30,889 shares in the company, valued at $656,082.36. This trade represents a 17.05% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Chris Mayrhofer purchased 18,218 shares of the business's stock in a transaction on Thursday, May 29th. The stock was bought at an average cost of $22.14 per share, for a total transaction of $403,346.52. Following the purchase, the chief accounting officer owned 18,218 shares of the company's stock, valued at approximately $403,346.52. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 32,266 shares of company stock valued at $707,582 over the last quarter. 0.15% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Barclays boosted their target price on 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. Royal Bank Of Canada restated a "sector perform" rating and set a $30.00 target price on shares of Reynolds Consumer Products in a research report on Monday, April 28th. 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. Canaccord Genuity Group cut their price objective on shares of Reynolds Consumer Products from $27.00 to $26.00 and set a "hold" rating on the stock in a report on Thursday, May 1st. Finally, Truist Financial reduced their price objective on shares of Reynolds Consumer Products from $35.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $28.00.

Reynolds Consumer Products Trading Up 1.4%

NASDAQ REYN traded up $0.32 during trading on Friday, reaching $23.40. 656,601 shares of the stock traded hands, compared to its average volume of 954,407. Reynolds Consumer Products Inc. has a fifty-two week low of $20.91 and a fifty-two week high of $32.65. The company has a quick ratio of 0.75, a current ratio of 1.85 and a debt-to-equity ratio of 0.75. The firm has a market cap of $4.92 billion, a price-to-earnings ratio of 15.70 and a beta of 0.58. The stock's 50-day moving average price is $21.98 and its 200 day moving average price is $22.96.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.39 earnings per share for the quarter, topping 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 company had revenue of $938.00 million for the quarter, compared to analyst estimates of $899.05 million. During the same period last year, the business posted $0.46 earnings per share. The business's revenue for the quarter was up .9% compared to the same quarter last year. Reynolds Consumer Products has set its Q3 2025 guidance at 0.370-0.410 EPS. FY 2025 guidance at 1.540-1.610 EPS. Analysts predict that Reynolds Consumer Products Inc. will post 1.66 EPS for the current year.

Reynolds Consumer Products Dividend Announcement

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

Reynolds Consumer Products Company Profile

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.