Equitable Trust Co. Acquires New Holdings in Reynolds Consumer Products Inc. $REYN

Key Points

• Equitable Trust Co. acquired a new stake of 14,830 shares in Reynolds Consumer Products Inc. valued at approximately $318,000 during the second quarter.
• Reynolds Consumer Products reported earnings of $0.39 per share for the last quarter, exceeding expectations and showing a year-over-year revenue increase of 0.9%.
• The company declared a quarterly dividend of $0.23 per share, representing an annualized yield of 3.9%, with a payout ratio of 61.74%.

Equitable Trust Co. acquired a new stake in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 14,830 shares of the company's stock, valued at approximately $318,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Reynolds Consumer Products by 2.7% during the first quarter. Vanguard Group Inc. now owns 6,002,580 shares of the company's stock valued at $143,222,000 after purchasing an additional 159,522 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Reynolds Consumer Products by 2.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 607,090 shares of the company's stock valued at $14,485,000 after purchasing an additional 15,184 shares in the last quarter. Millennium Management LLC raised its stake in shares of Reynolds Consumer Products by 11.3% during the first quarter. Millennium Management LLC now owns 592,459 shares of the company's stock valued at $14,136,000 after purchasing an additional 60,198 shares in the last quarter. Ceredex Value Advisors LLC raised its stake in shares of Reynolds Consumer Products by 16.5% during the first quarter. Ceredex Value Advisors LLC now owns 545,829 shares of the company's stock valued at $13,023,000 after purchasing an additional 77,469 shares in the last quarter. Finally, Villere ST Denis J & Co. LLC raised its stake in shares of Reynolds Consumer Products by 7.2% during the first quarter. Villere ST Denis J & Co. LLC now owns 315,945 shares of the company's stock valued at $7,538,000 after purchasing an additional 21,205 shares in the last quarter. 26.81% of the stock is currently owned by institutional investors.

Reynolds Consumer Products Price Performance

NASDAQ REYN opened at $23.77 on Thursday. The stock's 50-day moving average price is $23.34 and its two-hundred day moving average price is $22.75. The company has a current ratio of 1.85, a quick ratio of 0.75 and a debt-to-equity ratio of 0.75. The company has a market cap of $5.00 billion, a PE ratio of 15.95 and a beta of 0.60. Reynolds Consumer Products Inc. has a 1 year low of $20.91 and a 1 year high of $30.61.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last posted 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. The firm had revenue of $938.00 million for the quarter, compared to the consensus estimate of $899.05 million. Reynolds Consumer Products had a return on equity of 16.00% and a net margin of 8.44%.The business's revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.46 EPS. Reynolds Consumer Products has set its Q3 2025 guidance at 0.370-0.410 EPS. FY 2025 guidance at 1.540-1.610 EPS. On average, analysts predict that Reynolds Consumer Products Inc. will post 1.66 EPS for the current year.

Reynolds Consumer Products Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 3.9%. The ex-dividend date was Friday, August 15th. Reynolds Consumer Products's payout ratio is presently 61.74%.

Analyst Ratings Changes

Several brokerages have commented on REYN. Barclays boosted their price target on shares of Reynolds Consumer Products from $21.00 to $22.00 and gave the stock an "equal weight" rating in a research report on Friday, August 1st. UBS Group boosted their price target on shares of Reynolds Consumer Products from $23.00 to $25.00 and gave the stock a "neutral" rating in a research report on Thursday, July 31st. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of Reynolds Consumer Products in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat, Reynolds Consumer Products currently has a consensus rating of "Hold" and a consensus target price of $26.75.

Insider Transactions at Reynolds Consumer Products

In related news, Director Duncan Hawkesby acquired 159,506 shares of the business's stock in a transaction on Tuesday, August 26th. The shares were purchased at an average price of $22.99 per share, for a total transaction of $3,667,042.94. Following the acquisition, the director owned 334,092 shares in the company, valued at approximately $7,680,775.08. This represents a 91.36% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders bought 231,092 shares of company stock worth $5,316,902. 0.15% of the stock is currently owned by insiders.

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.

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