Charles Schwab Investment Management Inc. Has $14.49 Million Stock Holdings in Reynolds Consumer Products Inc. $REYN

Key Points

• Charles Schwab Investment Management Inc. has increased its stake in Reynolds Consumer Products by 2.6%, owning approximately $14.49 million in stock.
• Reynolds Consumer Products reported a quarterly earnings per share of $0.39, beating estimates, and announced a quarterly dividend of $0.23 per share.
• The stock has a current consensus rating of "Hold" from analysts, with a target price averaging $28.00.

Charles Schwab Investment Management Inc. lifted its holdings in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) by 2.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 607,090 shares of the company's stock after acquiring an additional 15,184 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.29% of Reynolds Consumer Products worth $14,485,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Versant Capital Management Inc increased its position 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 acquiring an additional 701 shares during the last quarter. Quarry LP lifted its position in Reynolds Consumer Products by 187.0% in the fourth quarter. Quarry LP now owns 2,531 shares of the company's stock worth $68,000 after purchasing an additional 1,649 shares during the period. Deutsche Bank AG lifted its position in Reynolds Consumer Products by 35.8% in the fourth quarter. Deutsche Bank AG now owns 7,247 shares of the company's stock worth $196,000 after purchasing an additional 1,910 shares during the period. Ariel Investments LLC lifted its position in Reynolds Consumer Products by 6.1% in the fourth quarter. Ariel Investments LLC now owns 7,446 shares of the company's stock worth $201,000 after purchasing an additional 426 shares during the period. Finally, OMERS ADMINISTRATION Corp acquired a new stake in shares of Reynolds Consumer Products during the 4th quarter valued at $211,000. 26.81% of the stock is owned by hedge funds and other institutional investors.

Reynolds Consumer Products Stock Up 0.5%

Shares of REYN traded up $0.12 during mid-day trading on Wednesday, reaching $22.94. The company's stock had a trading volume of 815,235 shares, compared to its average volume of 954,509. The business has a fifty day moving average of $22.09 and a 200 day moving average of $22.88. The company has a market cap of $4.82 billion, a price-to-earnings ratio of 15.40 and a beta of 0.58. Reynolds Consumer Products Inc. has a 1 year low of $20.91 and a 1 year 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.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.39 earnings per share (EPS) for the quarter, topping 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 business had revenue of $938.00 million during the quarter, compared to analyst estimates of $899.05 million. During the same period last year, the company earned $0.46 earnings per share. Reynolds Consumer Products'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. As a group, analysts forecast 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. Investors 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 4.0%. The ex-dividend date is Friday, August 15th. Reynolds Consumer Products's dividend payout ratio (DPR) is currently 61.74%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Canaccord Genuity Group cut their price objective on Reynolds Consumer Products from $27.00 to $26.00 and set a "hold" rating for the company in a research report on Thursday, May 1st. Barclays increased their price objective on Reynolds Consumer Products from $21.00 to $22.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st. Wall Street Zen upgraded Reynolds Consumer Products from a "sell" rating to a "hold" rating in a research 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 company a "neutral" rating in a research report on Thursday, July 31st. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $28.00.

Insider Buying and Selling

In related news, Director Duncan Hawkesby bought 67,269 shares of the business's stock in a transaction on Thursday, August 21st. The shares were bought at an average cost of $23.04 per share, for a total transaction of $1,549,877.76. Following the completion of the acquisition, the director directly owned 174,586 shares in the company, valued at approximately $4,022,461.44. This represents a 62.68% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Rolf Stangl bought 4,500 shares of the business's stock in a transaction on Friday, June 20th. The shares were bought at an average price of $21.24 per share, for a total transaction of $95,580.00. Following the completion of the acquisition, the director owned 30,889 shares of the company's stock, valued at approximately $656,082.36. This represents a 17.05% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 103,852 shares of company stock worth $2,357,442. Corporate insiders own 0.15% of the company's stock.

Reynolds Consumer Products 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.