Public Employees Retirement System of Ohio Raises Holdings in Reynolds Consumer Products Inc. $REYN

Key Points

• The Public Employees Retirement System of Ohio increased its stake in Reynolds Consumer Products by 94.2%, owning 34,572 shares valued at approximately $741,000 as of the latest SEC filing.
• Reynolds Consumer Products recently reported a quarterly earnings per share (EPS) of $0.39, slightly surpassing expectations, and had revenue of $938 million for the quarter, reflecting a 0.9% year-over-year increase.
• Analysts have updated price targets for the stock, with Barclays setting a target of $22.00 and UBS raising theirs to $25.00, while the consensus rating remains at "Hold" with an average target price of $26.75.

Public Employees Retirement System of Ohio boosted its stake in Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) by 94.2% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 34,572 shares of the company's stock after buying an additional 16,767 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Reynolds Consumer Products were worth $741,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of REYN. GAMMA Investing LLC raised its holdings in shares of Reynolds Consumer Products by 1,493.1% in the first quarter. GAMMA Investing LLC now owns 20,233 shares of the company's stock worth $483,000 after acquiring an additional 18,963 shares during the last quarter. Olstein Capital Management L.P. raised its stake in Reynolds Consumer Products by 28.6% in the 1st quarter. Olstein Capital Management L.P. now owns 304,850 shares of the company's stock valued at $7,274,000 after purchasing an additional 67,850 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Reynolds Consumer Products by 950.5% in the 1st quarter. SG Americas Securities LLC now owns 170,615 shares of the company's stock valued at $4,071,000 after purchasing an additional 154,374 shares in the last quarter. CX Institutional acquired a new stake in shares of Reynolds Consumer Products during the 1st quarter worth about $2,849,000. Finally, Hunter Perkins Capital Management LLC purchased a new stake in shares of Reynolds Consumer Products during the first quarter worth about $649,000. Institutional investors and hedge funds own 26.81% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on REYN. Barclays boosted their price objective on shares of Reynolds Consumer Products from $21.00 to $22.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st. 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. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Reynolds Consumer Products in a research note on Saturday, September 27th. Two analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $26.75.

Reynolds Consumer Products Stock Performance

Shares of NASDAQ:REYN opened at $24.67 on Monday. The business's 50-day simple moving average is $23.04 and its 200 day simple moving average is $22.72. The company has a market cap of $5.19 billion, a P/E ratio of 16.56 and a beta of 0.60. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.75 and a current ratio of 1.85. Reynolds Consumer Products Inc. has a one year low of $20.91 and a one year high of $30.61.

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 the consensus estimate 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 company had revenue of $938.00 million during the quarter, compared to the consensus estimate of $899.05 million. During the same quarter last year, the company earned $0.46 earnings per share. Reynolds Consumer Products'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. On average, sell-side analysts forecast that Reynolds Consumer Products Inc. will post 1.66 earnings per share for the current fiscal year.

Reynolds Consumer Products Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were paid a dividend of $0.23 per share. The ex-dividend date was Friday, August 15th. This represents a $0.92 annualized dividend and a dividend yield of 3.7%. Reynolds Consumer Products's dividend payout ratio (DPR) is currently 61.74%.

Insider Activity

In other Reynolds Consumer Products news, Director Duncan Hawkesby purchased 159,506 shares of the business's stock in a transaction that occurred on Tuesday, August 26th. The shares were acquired at an average price of $22.99 per share, for a total transaction of $3,667,042.94. Following the completion of the purchase, the director owned 334,092 shares in the company, valued at $7,680,775.08. The trade was a 91.36% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders bought 231,092 shares of company stock worth $5,316,902 over the last 90 days. 0.15% of the stock is currently owned by insiders.

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.

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