Jacobs Levy Equity Management Inc. Has $7.51 Million Stock Position in Reynolds Consumer Products Inc. $REYN

Jacobs Levy Equity Management Inc. raised its holdings in Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) by 141.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 314,756 shares of the company's stock after purchasing an additional 184,359 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.15% of Reynolds Consumer Products worth $7,510,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in REYN. Price T Rowe Associates Inc. MD increased its holdings in shares of Reynolds Consumer Products by 19.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,168 shares of the company's stock valued at $464,000 after acquiring an additional 2,837 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Reynolds Consumer Products by 49.1% in the 4th quarter. Northern Trust Corp now owns 350,398 shares of the company's stock valued at $9,457,000 after acquiring an additional 115,399 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Reynolds Consumer Products by 214.8% in the 4th quarter. Ameriprise Financial Inc. now owns 20,870 shares of the company's stock valued at $563,000 after acquiring an additional 14,241 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in shares of Reynolds Consumer Products in the 4th quarter valued at approximately $1,605,000. Finally, Centiva Capital LP bought a new stake in shares of Reynolds Consumer Products in the 4th quarter valued at approximately $499,000. 26.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

REYN has been the subject of a number of research analyst reports. UBS Group boosted their price target on Reynolds Consumer Products from $23.00 to $25.00 and gave the company a "neutral" rating in a report on Thursday, July 31st. Wall Street Zen upgraded Reynolds Consumer Products from a "sell" rating to a "hold" rating in a research note on Friday, May 30th. Finally, Barclays upped their price objective on Reynolds Consumer Products from $21.00 to $22.00 and gave the stock an "equal weight" rating in a research note on Friday, August 1st. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $26.75.

Insider Buying and Selling at Reynolds Consumer Products

In other Reynolds Consumer Products news, Director Rolf Stangl purchased 4,500 shares of the company's stock in a transaction that occurred on Friday, June 20th. The shares were purchased at an average cost of $21.24 per share, with a total value of $95,580.00. Following the completion of the transaction, the director owned 30,889 shares of the company's stock, valued at approximately $656,082.36. This represents a 17.05% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Duncan Hawkesby purchased 159,506 shares of the company's stock in a transaction that occurred on Tuesday, August 26th. The shares were acquired at an average cost of $22.99 per share, for a total transaction of $3,667,042.94. Following the completion of the transaction, the director directly owned 334,092 shares of the company's stock, valued at $7,680,775.08. This trade represents a 91.36% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 235,592 shares of company stock valued at $5,412,482. 0.15% of the stock is currently owned by company insiders.

Reynolds Consumer Products Trading Down 1.3%

Shares of NASDAQ REYN traded down $0.30 during mid-day trading on Friday, hitting $23.03. 970,247 shares of the company traded hands, compared to its average volume of 841,002. Reynolds Consumer Products Inc. has a 1 year low of $20.91 and a 1 year high of $32.21. The stock has a market capitalization of $4.84 billion, a price-to-earnings ratio of 15.46 and a beta of 0.61. The company has a quick ratio of 0.75, a current ratio of 1.85 and a debt-to-equity ratio of 0.75. The business has a 50 day moving average of $22.55 and a two-hundred day moving average of $22.77.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.39 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $899.05 million. During the same period in the prior year, the business posted $0.46 earnings per share. Reynolds Consumer Products'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. On average, sell-side 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 announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Friday, August 15th. Reynolds Consumer Products's dividend payout ratio is currently 61.74%.

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.