Ceredex Value Advisors LLC Has $13.02 Million Position in Reynolds Consumer Products Inc. $REYN

Key Points

• Ceredex Value Advisors LLC has increased its stock position in Reynolds Consumer Products Inc. by 16.5% in the first quarter, owning 545,829 shares valued at $13.02 million.
• Several institutional investors have also modified their holdings, with Quarry LP increasing its stake by 187% during the fourth quarter.
• The company recently declared a quarterly dividend of $0.23 per share, representing a 4% annual yield.

Ceredex Value Advisors LLC grew its holdings in Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) by 16.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 545,829 shares of the company's stock after acquiring an additional 77,469 shares during the quarter. Ceredex Value Advisors LLC owned 0.26% of Reynolds Consumer Products worth $13,023,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Ariel Investments LLC grew its holdings in shares of Reynolds Consumer Products by 6.1% during the fourth quarter. Ariel Investments LLC now owns 7,446 shares of the company's stock worth $201,000 after buying an additional 426 shares in the last quarter. Covestor Ltd grew its holdings 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 worth $111,000 after buying an additional 513 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of Reynolds Consumer Products by 38.1% during the first quarter. Versant Capital Management Inc now owns 2,543 shares of the company's stock worth $61,000 after buying an additional 701 shares in the last quarter. Quarry LP grew its holdings in shares of Reynolds Consumer Products by 187.0% during the fourth quarter. Quarry LP now owns 2,531 shares of the company's stock worth $68,000 after buying an additional 1,649 shares in the last quarter. Finally, Voya Investment Management LLC grew its holdings in shares of Reynolds Consumer Products by 4.6% during the fourth quarter. Voya Investment Management LLC now owns 43,462 shares of the company's stock worth $1,173,000 after buying an additional 1,907 shares in the last quarter. 26.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Reynolds Consumer Products news, Director Rolf Stangl acquired 4,500 shares of the business's stock in a transaction dated Friday, June 20th. The stock was bought at an average cost of $21.24 per share, with a total value of $95,580.00. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Duncan Hawkesby acquired 159,506 shares of the business's stock in a transaction dated Tuesday, August 26th. The stock was acquired at an average cost of $22.99 per share, with a total value of $3,667,042.94. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 240,092 shares of company stock valued at $5,510,132. Insiders own 0.15% of the company's stock.

Wall Street Analyst Weigh In

REYN has been the subject of a number of research reports. Barclays increased their price objective on Reynolds Consumer Products from $21.00 to $22.00 and gave the stock an "equal weight" rating in a report on Friday, August 1st. Wall Street Zen upgraded Reynolds Consumer Products from a "sell" rating to a "hold" rating in a report on Friday, May 30th. Finally, UBS Group increased their price objective on Reynolds Consumer Products from $23.00 to $25.00 and gave the stock a "neutral" rating in a report on Thursday, July 31st. Two investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $26.75.

Reynolds Consumer Products Stock Up 0.6%

NASDAQ REYN traded up $0.13 during trading hours on Friday, hitting $23.21. 620,798 shares of the company traded hands, compared to its average volume of 897,380. The business's 50-day moving average is $22.21 and its 200-day moving average is $22.85. Reynolds Consumer Products Inc. has a twelve month low of $20.91 and a twelve month high of $32.65. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.75 and a current ratio of 1.85. The stock has a market capitalization of $4.88 billion, a price-to-earnings ratio of 15.58 and a beta of 0.58.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last issued 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 return on equity of 16.00% and a net margin of 8.44%.The firm had revenue of $938.00 million during the quarter, compared to analysts' expectations of $899.05 million. During the same period in the prior year, the firm posted $0.46 earnings per share. The business's quarterly revenue 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. Sell-side analysts anticipate that Reynolds Consumer Products Inc. will post 1.66 earnings per share for the current year.

Reynolds Consumer Products Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Friday, August 15th. Reynolds Consumer Products's dividend payout ratio (DPR) is presently 61.74%.

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.