Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 460,456 shares of the company's stock, valued at approximately $12,363,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.22% of Reynolds Consumer Products at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Royal Bank of Canada boosted its holdings in shares of Reynolds Consumer Products by 1.9% in the 1st quarter. Royal Bank of Canada now owns 94,024 shares of the company's stock worth $2,244,000 after acquiring an additional 1,720 shares in the last quarter. Millennium Management LLC grew its position in Reynolds Consumer Products by 11.3% during the 1st quarter. Millennium Management LLC now owns 592,459 shares of the company's stock worth $14,136,000 after acquiring an additional 60,198 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Reynolds Consumer Products by 60.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 222,853 shares of the company's stock valued at $5,317,000 after purchasing an additional 83,633 shares in the last quarter. Jane Street Group LLC increased its holdings in Reynolds Consumer Products by 488.4% during the 1st quarter. Jane Street Group LLC now owns 125,724 shares of the company's stock valued at $3,000,000 after purchasing an additional 104,357 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in Reynolds Consumer Products by 17.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 330,811 shares of the company's stock valued at $7,086,000 after purchasing an additional 49,192 shares during the last quarter. Institutional investors and hedge funds own 26.81% of the company's stock.
Reynolds Consumer Products Price Performance
Shares of REYN stock opened at $24.56 on Wednesday. Reynolds Consumer Products Inc. has a 52-week low of $20.44 and a 52-week high of $27.32. The stock has a market cap of $5.18 billion, a PE ratio of 14.98 and a beta of 0.55. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.71 and a current ratio of 1.80. The firm's 50 day moving average price is $25.85 and its two-hundred day moving average price is $23.45.
Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.02. The company had revenue of $944.00 million for the quarter, compared to the consensus estimate of $935.46 million. Reynolds Consumer Products had a net margin of 9.11% and a return on equity of 16.03%. The firm's revenue was up .6% compared to the same quarter last year. During the same period last year, the company earned $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, analysts forecast that Reynolds Consumer Products Inc. will post 1.59 EPS for the current year.
Reynolds Consumer Products Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 3.7%. The ex-dividend date is Monday, August 17th. Reynolds Consumer Products's payout ratio is presently 56.10%.
Analyst Ratings Changes
A number of equities analysts have commented on the company. Piper Sandler raised Reynolds Consumer Products to an "overweight" rating in a research note on Thursday, July 30th. JPMorgan Chase & Co. raised their target price on Reynolds Consumer Products from $23.00 to $27.00 and gave the company a "neutral" rating in a research note on Thursday, July 16th. Barclays lifted their price target on Reynolds Consumer Products from $24.00 to $25.00 and gave the company an "equal weight" rating in a report on Tuesday, July 21st. Canaccord Genuity Group increased their price objective on shares of Reynolds Consumer Products from $24.00 to $25.00 and gave the stock a "hold" rating in a report on Thursday, July 30th. Finally, Weiss Ratings raised shares of Reynolds Consumer Products from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, June 29th. One research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Reynolds Consumer Products presently has a consensus rating of "Hold" and a consensus target price of $25.60.
Check Out Our Latest Research Report on Reynolds Consumer Products
About Reynolds Consumer Products
(
Free Report)
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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