Kestra Investment Management LLC Purchases Shares of 14,492 Reynolds Consumer Products Inc. $REYN

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 acquired a new position in Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,492 shares of the company's stock, valued at approximately $346,000.

Other hedge funds also recently bought and sold shares of the company. Cerity Partners LLC boosted its holdings in Reynolds Consumer Products by 418.8% during the first quarter. Cerity Partners LLC now owns 61,821 shares of the company's stock valued at $1,475,000 after acquiring an additional 49,904 shares during the period. GAMMA Investing LLC boosted its holdings in Reynolds Consumer Products by 1,493.1% during the first quarter. GAMMA Investing LLC now owns 20,233 shares of the company's stock valued at $483,000 after acquiring an additional 18,963 shares during the period. Vanguard Group Inc. boosted its holdings in 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 acquiring an additional 159,522 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Reynolds Consumer Products by 5.3% during the first quarter. Envestnet Asset Management Inc. now owns 281,648 shares of the company's stock valued at $6,720,000 after acquiring an additional 14,244 shares during the period. Finally, Hunter Perkins Capital Management LLC bought a new stake in shares of Reynolds Consumer Products in the first quarter valued at about $649,000. 26.81% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Duncan Hawkesby purchased 159,506 shares of Reynolds Consumer Products stock in a transaction dated Tuesday, August 26th. The shares were bought 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 $7,680,775.08. This trade represents a 91.36% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Rolf Stangl acquired 4,500 shares of the company's stock in a transaction that occurred 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 completion of the acquisition, 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 disclosure for this purchase can be found here. Over the last three months, insiders have bought 235,592 shares of company stock worth $5,412,482. Insiders own 0.15% of the company's stock.

Reynolds Consumer Products Price Performance

Shares of 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 953,441. Reynolds Consumer Products Inc. has a one year low of $20.91 and a one 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 current ratio of 1.85, a quick ratio of 0.75 and a debt-to-equity ratio of 0.75. The business has a 50-day moving average of $22.52 and a 200 day moving average of $22.80.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last announced 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. Reynolds Consumer Products had a net margin of 8.44% and a return on equity of 16.00%. The firm had revenue of $938.00 million for the quarter, compared to analysts' expectations of $899.05 million. During the same period last year, the firm earned $0.46 earnings per share. The business'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. As a group, equities analysts expect that Reynolds Consumer Products Inc. will post 1.66 earnings per share for the current fiscal year.

Reynolds Consumer Products Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis 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 (DPR) is currently 61.74%.

Wall Street Analysts Forecast Growth

REYN has been the subject of several research reports. Barclays increased their target price on shares of Reynolds Consumer Products from $21.00 to $22.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. UBS Group raised 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 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 investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $26.75.

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.