Jacobs Levy Equity Management Inc. boosted its position in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) by 141.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 314,756 shares of the company's stock after purchasing an additional 184,359 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.15% of Reynolds Consumer Products worth $7,510,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. Cubist Systematic Strategies LLC purchased a new stake in shares of Reynolds Consumer Products during the first quarter valued at approximately $4,522,000. Victory Capital Management Inc. boosted its stake in Reynolds Consumer Products by 842.2% during the 1st quarter. Victory Capital Management Inc. now owns 183,448 shares of the company's stock valued at $4,377,000 after purchasing an additional 163,977 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Reynolds Consumer Products by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 6,002,580 shares of the company's stock worth $143,222,000 after purchasing an additional 159,522 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Reynolds Consumer Products by 950.5% in the 1st quarter. SG Americas Securities LLC now owns 170,615 shares of the company's stock worth $4,071,000 after purchasing an additional 154,374 shares in the last quarter. Finally, Nuveen LLC purchased a new position in shares of Reynolds Consumer Products in the first quarter worth $3,105,000. 26.81% of the stock is owned by hedge funds and other institutional investors.
Reynolds Consumer Products Stock Performance
REYN stock traded down $0.20 during midday trading on Friday, reaching $23.13. 510,867 shares of the company's stock traded hands, compared to its average volume of 950,518. 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 52-week low of $20.91 and a 52-week high of $32.21. The stock has a market cap of $4.86 billion, a P/E ratio of 15.52 and a beta of 0.61. The stock's 50-day moving average is $22.52 and its 200 day moving average is $22.80.
Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.01. The firm had revenue of $938.00 million during the quarter, compared to the consensus estimate of $899.05 million. Reynolds Consumer Products had a net margin of 8.44% and a return on equity of 16.00%. The company's revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $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. As a group, analysts anticipate that Reynolds Consumer Products Inc. will post 1.66 EPS for the current year.
Reynolds Consumer Products Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were paid 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 (DPR) is 61.74%.
Insider Transactions at Reynolds Consumer Products
In other news, Director Rolf Stangl bought 4,500 shares of the firm's stock in a transaction on Friday, June 20th. The shares were bought at an average price of $21.24 per share, for a total transaction of $95,580.00. Following the purchase, the director owned 30,889 shares in the company, valued at approximately $656,082.36. The trade was a 17.05% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Duncan Hawkesby purchased 159,506 shares of the company's stock in a transaction on Tuesday, August 26th. The stock was purchased at an average price of $22.99 per share, with a total value of $3,667,042.94. Following the completion of the transaction, the director owned 334,092 shares of the company's stock, valued at approximately $7,680,775.08. This trade represents a 91.36% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 235,592 shares of company stock worth $5,412,482. Insiders own 0.15% of the company's stock.
Analyst Ratings Changes
REYN has been the topic of a number of research analyst reports. Barclays upped their price target on Reynolds Consumer Products from $21.00 to $22.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. UBS Group upped their target price on shares of Reynolds Consumer Products from $23.00 to $25.00 and gave the company a "neutral" rating in a research note on Thursday, July 31st. Finally, 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. Two analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Reynolds Consumer Products has a consensus rating of "Hold" and an average target price of $26.75.
Read Our Latest Research Report on Reynolds Consumer Products
Reynolds Consumer Products Company Profile
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Free Report)
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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