14,492 Shares in Reynolds Consumer Products Inc. $REYN Purchased by Kestra Investment Management LLC

Key Points

• Kestra Investment Management LLC has acquired a new position in Reynolds Consumer Products Inc. worth approximately $346,000, buying 14,492 shares during the first quarter.
• Analysts have recently adjusted their target prices for Reynolds Consumer Products, with Barclays raising it from $21 to $22 and UBS increasing it from $23 to $25, while two analysts rated the stock as a Buy.
• The company announced a quarterly dividend of $0.23 per share with a yield of 4.0%, and insiders have recently increased their ownership by purchasing additional shares.

Kestra Investment Management LLC bought a new position in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 14,492 shares of the company's stock, valued at approximately $346,000.

Other large investors have also made changes to their positions in the company. Versant Capital Management Inc raised its stake in shares of 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 buying an additional 701 shares during the period. 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. Deutsche Bank AG raised its position in shares of Reynolds Consumer Products by 35.8% in the fourth quarter. Deutsche Bank AG now owns 7,247 shares of the company's stock valued at $196,000 after buying an additional 1,910 shares during the last quarter. OMERS ADMINISTRATION Corp purchased a new position in shares of Reynolds Consumer Products in the fourth quarter worth about $211,000. Finally, XTX Topco Ltd purchased a new position in shares of Reynolds Consumer Products in the first quarter worth about $248,000. 26.81% of the stock is owned by institutional investors and hedge funds.

Reynolds Consumer Products Trading Down 1.3%

Shares of REYN traded down $0.30 during midday trading on Friday, reaching $23.03. The company had a trading volume of 970,247 shares, compared to its average volume of 845,603. 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 cap of $4.84 billion, a PE ratio of 15.46 and a beta of 0.61. The firm has a 50 day simple moving average of $22.55 and a 200-day simple moving average of $22.76. The company has a quick ratio of 0.75, a current ratio of 1.85 and a debt-to-equity ratio of 0.75.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.39 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $899.05 million. During the same period last year, the company earned $0.46 EPS. The company's revenue for the quarter was up .9% on a year-over-year basis. Reynolds Consumer Products has set its Q3 2025 guidance at 0.370-0.410 EPS. FY 2025 guidance at 1.540-1.610 EPS. Research analysts forecast that Reynolds Consumer Products Inc. will post 1.66 EPS 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. Shareholders 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 dividend on an annualized basis and a dividend yield of 4.0%. Reynolds Consumer Products's dividend payout ratio (DPR) is 61.74%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on REYN. Wall Street Zen upgraded shares of Reynolds Consumer Products from a "sell" rating to a "hold" rating in a research report on Friday, May 30th. 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, 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. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Reynolds Consumer Products presently has an average rating of "Hold" and an average target price of $26.75.

Insider Transactions at Reynolds Consumer Products

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

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.