Corient Private Wealth LP Boosts Stock Holdings in Reynolds Consumer Products Inc. $REYN

Key Points

• Corient Private Wealth increased its Reynolds Consumer Products stake by 34.7% in the second quarter, purchasing 73,982 additional shares and bringing its holdings to 287,368 shares worth approximately $7.7 million.
• Analysts raised several price targets, but sentiment remains cautious: REYN has a consensus “Hold” rating and an average target price of $25.60. The stock recently opened at $22.69.
• Reynolds beat quarterly estimates with EPS of $0.42 and revenue of $944 million, while maintaining a quarterly dividend of $0.23 per share, equivalent to a 4.1% annualized yield.

Corient Private Wealth LP lifted its holdings in Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) by 34.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 287,368 shares of the company's stock after purchasing an additional 73,982 shares during the quarter. Corient Private Wealth LP owned 0.14% of Reynolds Consumer Products worth $7,716,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of REYN. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Reynolds Consumer Products during the 2nd quarter valued at about $285,000. HB Wealth Management LLC lifted its holdings in shares of Reynolds Consumer Products by 53.6% during the 2nd quarter. HB Wealth Management LLC now owns 20,891 shares of the company's stock valued at $561,000 after buying an additional 7,291 shares during the period. Syon Capital LLC purchased a new position in shares of Reynolds Consumer Products in the 2nd quarter worth $260,000. Concurrent Investment Advisors LLC purchased a new position in shares of Reynolds Consumer Products in the 2nd quarter worth $257,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in shares of Reynolds Consumer Products in the second quarter worth $51,000. 26.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the company. UBS Group upped their price objective on Reynolds Consumer Products from $23.00 to $27.00 and gave the company a "neutral" rating in a research report on Thursday, July 16th. JPMorgan Chase & Co. raised their target price on Reynolds Consumer Products from $23.00 to $27.00 and gave the stock a "neutral" rating in a research report on Thursday, July 16th. Canaccord Genuity Group boosted their price target on Reynolds Consumer Products from $24.00 to $25.00 and gave the company a "hold" rating in a research note on Thursday, July 30th. Piper Sandler upgraded Reynolds Consumer Products to an "overweight" rating in a research note on Thursday, July 30th. Finally, Weiss Ratings raised Reynolds Consumer Products from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, June 29th. One investment analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $25.60.

Reynolds Consumer Products Stock Performance

NASDAQ REYN opened at $22.69 on Friday. Reynolds Consumer Products Inc. has a twelve month low of $20.44 and a twelve month high of $27.32. The company has a quick ratio of 0.71, a current ratio of 1.80 and a debt-to-equity ratio of 0.66. The firm has a market cap of $4.78 billion, a price-to-earnings ratio of 13.84 and a beta of 0.54. The business has a 50-day moving average price of $24.73 and a 200-day moving average price of $23.29.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.02. Reynolds Consumer Products had a net margin of 9.11% and a return on equity of 16.03%. The firm had revenue of $944.00 million for the quarter, compared to analysts' expectations of $935.46 million. During the same quarter last year, the business posted $0.39 earnings per share. The company's revenue for the quarter was up .6% compared to the same quarter last year. 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, equities research analysts predict that Reynolds Consumer Products Inc. will post 1.59 EPS for the current fiscal year.

Reynolds Consumer Products Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Monday, August 17th. Reynolds Consumer Products's payout ratio is currently 56.10%.

Reynolds Consumer Products Company Profile

Reynolds Consumer Products Inc NASDAQ: REYN develops, manufactures and markets household products used for food preparation, storage, serving and waste management. The company sells branded and private-label products primarily through grocery stores, mass merchants, warehouse clubs, online retailers and other distribution channels.

Its portfolio includes Reynolds Kitchens aluminum foil, parchment paper, oven bags, wax paper, plastic wrap and disposable bakeware; Hefty trash bags, food-storage bags and disposable tableware; and Diamond kitchen and food-preparation products.

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