Cubist Systematic Strategies LLC Acquires Shares of 189,511 Reynolds Consumer Products Inc. $REYN

Key Points

• Cubist Systematic Strategies LLC has acquired a new stake in Reynolds Consumer Products, purchasing 189,511 shares valued at approximately $4.52 million.
• Recent analyst reports have resulted in price target increases, with UBS raising its target from $23.00 to $25.00 and Barclays from $21.00 to $22.00.
• Reynolds Consumer Products also announced a quarterly dividend of $0.23 per share, yielding 3.9%, with a payout ratio of 61.74%.

Cubist Systematic Strategies LLC purchased a new stake in Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 189,511 shares of the company's stock, valued at approximately $4,522,000. Cubist Systematic Strategies LLC owned 0.09% of Reynolds Consumer Products at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. 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 boosted its position in Reynolds Consumer Products by 38.1% during the 1st 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. Royal Bank of Canada boosted its position in Reynolds Consumer Products by 1.9% during 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 during the last quarter. Deutsche Bank AG grew its stake in shares of Reynolds Consumer Products by 35.8% during the 4th quarter. Deutsche Bank AG now owns 7,247 shares of the company's stock worth $196,000 after acquiring an additional 1,910 shares in the last quarter. Finally, Mackenzie Financial Corp raised its holdings in shares of Reynolds Consumer Products by 8.2% in the first quarter. Mackenzie Financial Corp now owns 30,876 shares of the company's stock valued at $737,000 after purchasing an additional 2,329 shares during the last quarter. 26.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on REYN shares. UBS Group increased their target price on shares of Reynolds Consumer Products from $23.00 to $25.00 and gave the stock a "neutral" rating in a report on Thursday, July 31st. Wall Street Zen upgraded shares of Reynolds Consumer Products from a "sell" rating to a "hold" rating in a research note on Friday, May 30th. Finally, Barclays lifted their target price 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. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Reynolds Consumer Products currently has a consensus rating of "Hold" and an average price target of $26.75.

Reynolds Consumer Products Stock Performance

Shares of REYN traded down $0.26 during mid-day trading on Wednesday, reaching $22.81. The company's stock had a trading volume of 776,409 shares, compared to its average volume of 849,645. The company has a current ratio of 1.85, a quick ratio of 0.75 and a debt-to-equity ratio of 0.75. Reynolds Consumer Products Inc. has a 1-year low of $20.91 and a 1-year high of $32.21. The business has a 50-day simple moving average of $22.49 and a two-hundred day simple moving average of $22.81. The stock has a market cap of $4.80 billion, a P/E ratio of 15.31 and a beta of 0.61.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $899.05 million. During the same period in the previous year, the firm earned $0.46 EPS. The firm's 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, equities research analysts anticipate that Reynolds Consumer Products Inc. will post 1.66 earnings per share for the current fiscal year.

Reynolds Consumer Products Announces Dividend

The business 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. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.92 annualized dividend and a dividend yield of 4.0%. Reynolds Consumer Products's dividend payout ratio is presently 61.74%.

Insider Transactions at Reynolds Consumer Products

In related news, Director Duncan Hawkesby purchased 159,506 shares of the stock in a transaction on Tuesday, August 26th. The shares were purchased at an average cost of $22.99 per share, with a total value of $3,667,042.94. Following the acquisition, the director directly owned 334,092 shares in the company, valued at $7,680,775.08. The trade was a 91.36% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Rolf Stangl acquired 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, with a total value of $95,580.00. Following the completion of the transaction, the director directly owned 30,889 shares of the company's stock, valued at approximately $656,082.36. The trade was a 17.05% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 235,592 shares of company stock valued at $5,412,482. 0.15% of the stock is currently owned by corporate insiders.

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.