Corient Private Wealth LP Purchases Shares of 287,683 Reynolds Consumer Products Inc. $REYN

Key Points

• Corient Private Wealth acquired 287,683 Reynolds Consumer Products shares worth approximately $7.7 million, giving it a 0.14% stake. Institutional investors collectively own 26.81% of REYN.
• Analysts remain broadly neutral, with one Buy rating and seven Holds. The consensus price target rose to $25.60, while REYN recently traded at $24.05.
• Reynolds exceeded quarterly expectations with $0.42 in adjusted EPS and $944 million in revenue, and maintained a quarterly dividend of $0.23, equivalent to a 3.8% annual yield.

Corient Private Wealth LP acquired a new position in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 287,683 shares of the company's stock, valued at approximately $7,724,000. Corient Private Wealth LP owned 0.14% of Reynolds Consumer Products at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of REYN. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Reynolds Consumer Products during the 2nd quarter valued at approximately $31,000. Larson Financial Group LLC grew its position in shares of Reynolds Consumer Products by 70.4% in the fourth quarter. Larson Financial Group LLC now owns 1,264 shares of the company's stock valued at $29,000 after purchasing an additional 522 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in Reynolds Consumer Products in the 2nd quarter valued at $34,000. Farther Finance Advisors LLC increased its position in Reynolds Consumer Products by 127.7% during the fourth quarter. Farther Finance Advisors LLC now owns 1,391 shares of the company's stock worth $32,000 after purchasing an additional 780 shares during the last quarter. Finally, Allworth Financial LP acquired a new stake in shares of Reynolds Consumer Products during the 2nd quarter worth approximately $39,000. Hedge funds and other institutional investors own 26.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on REYN shares. Barclays increased their price target on Reynolds Consumer Products from $24.00 to $25.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 21st. JPMorgan Chase & Co. increased their target price on Reynolds Consumer Products from $23.00 to $27.00 and gave the stock a "neutral" rating in a research note on Thursday, July 16th. Weiss Ratings upgraded shares of Reynolds Consumer Products from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, June 29th. UBS Group upped their target price on shares of Reynolds Consumer Products from $23.00 to $27.00 and gave the stock a "neutral" rating in a research note on Thursday, July 16th. Finally, Canaccord Genuity Group raised 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. One analyst has rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $25.60.

Reynolds Consumer Products Price Performance

REYN opened at $24.05 on Monday. Reynolds Consumer Products Inc. has a 12 month low of $20.44 and a 12 month high of $27.32. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.80 and a quick ratio of 0.71. The business has a 50 day simple moving average of $25.88 and a 200-day simple moving average of $23.48. The stock has a market capitalization of $5.07 billion, a P/E ratio of 14.66 and a beta of 0.55.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.40 by $0.02. The business had revenue of $944.00 million for the quarter, compared to analyst estimates of $935.46 million. Reynolds Consumer Products had a return on equity of 16.03% and a net margin of 9.11%.The company's quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.39 EPS. 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. On average, equities analysts anticipate that Reynolds Consumer Products Inc. will post 1.59 earnings per share for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be given a $0.23 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.8%. Reynolds Consumer Products's payout ratio is currently 56.10%.

Reynolds Consumer Products Profile

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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