Legal & General Group Plc Makes New Investment in Reynolds Consumer Products Inc. $REYN

Legal & General Group Plc purchased a new stake in Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 121,169 shares of the company's stock, valued at approximately $3,253,000. Legal & General Group Plc owned 0.06% of Reynolds Consumer Products at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of REYN. Larson Financial Group LLC raised its position in Reynolds Consumer Products by 70.4% in the 4th quarter. Larson Financial Group LLC now owns 1,264 shares of the company's stock valued at $29,000 after buying an additional 522 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Reynolds Consumer Products in the second quarter valued at approximately $31,000. Farther Finance Advisors LLC lifted its position in shares of Reynolds Consumer Products by 127.7% in the fourth quarter. Farther Finance Advisors LLC now owns 1,391 shares of the company's stock worth $32,000 after purchasing an additional 780 shares in the last quarter. Global Retirement Partners LLC bought a new stake in shares of Reynolds Consumer Products in the second quarter worth $34,000. Finally, SJS Investment Consulting Inc. boosted its holdings in Reynolds Consumer Products by 4,657.9% during the first quarter. SJS Investment Consulting Inc. now owns 1,808 shares of the company's stock worth $38,000 after purchasing an additional 1,770 shares during the last quarter. 26.81% of the stock is currently owned by institutional investors.

Reynolds Consumer Products Price Performance

NASDAQ:REYN opened at $21.85 on Friday. Reynolds Consumer Products Inc. has a 12-month low of $20.44 and a 12-month high of $27.32. The firm has a market capitalization of $4.61 billion, a price-to-earnings ratio of 13.32 and a beta of 0.54. The stock's 50 day moving average price is $25.58 and its two-hundred day moving average price is $23.45. The company has a quick ratio of 0.71, a current ratio of 1.80 and a debt-to-equity ratio of 0.66.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.02. Reynolds Consumer Products had a return on equity of 16.03% and a net margin of 9.11%.The business had revenue of $944.00 million for the quarter, compared to analyst estimates of $935.46 million. During the same period in the previous year, the firm earned $0.39 EPS. The firm's revenue was up .6% compared to the same quarter last year. Reynolds Consumer Products has set its Q3 2026 guidance at 0.370-0.390 EPS and its FY 2026 guidance at 1.570-1.630 EPS. On average, analysts anticipate that Reynolds Consumer Products Inc. will post 1.59 earnings per share for the current year.

Reynolds Consumer Products Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $0.92 annualized dividend and a dividend yield of 4.2%. Reynolds Consumer Products's payout ratio is presently 56.10%.

Wall Street Analysts Forecast Growth

REYN has been the topic of several analyst reports. UBS Group boosted their price target on shares of Reynolds Consumer Products from $23.00 to $27.00 and gave the stock a "neutral" rating in a research report on Thursday, July 16th. Barclays raised their price objective on Reynolds Consumer Products from $24.00 to $25.00 and gave the company an "equal weight" rating in a report on Tuesday, July 21st. JPMorgan Chase & Co. lifted their target price on Reynolds Consumer Products from $23.00 to $27.00 and gave the company a "neutral" rating in a research report on Thursday, July 16th. Canaccord Genuity Group increased their price target on Reynolds Consumer Products from $24.00 to $25.00 and gave the company a "hold" rating in a research report on Thursday, July 30th. Finally, Piper Sandler upgraded Reynolds Consumer Products to an "overweight" rating in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $25.60.

Reynolds Consumer Products Profile

Reynolds Consumer Products, Inc NASDAQ: REYN is a leading North American manufacturer and marketer of household consumer products. The company specializes in food storage and cooking solutions, including aluminum foil, plastic wrap, food storage containers and disposable tableware. Its core portfolio features well-known brands such as Reynolds Wrap aluminum foil, Hefty storage containers and trash bags, and Fastfold paper plates.

The company operates through a network of manufacturing and distribution facilities across North America, Latin America, Europe and the Asia Pacific region.

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