Quantbot Technologies LP Has $122,000 Holdings in Reynolds Consumer Products Inc. $REYN

Key Points

• Quantbot Technologies LP significantly reduced its stake in Reynolds Consumer Products by 79.4% in the first quarter, selling 19,714 shares and leaving it with 5,122 shares valued at $122,000.
• Reynolds Consumer Products reported a quarterly EPS of $0.39, surpassing estimates, with a revenue of $938 million, showing a year-over-year increase of 0.9%.
• The company announced a quarterly dividend of $0.23 per share, resulting in an annual yield of 4.0% and a payout ratio of 61.74%.

Quantbot Technologies LP trimmed its position in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) by 79.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,122 shares of the company's stock after selling 19,714 shares during the period. Quantbot Technologies LP's holdings in Reynolds Consumer Products were worth $122,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of REYN. Versant Capital Management Inc raised its holdings in Reynolds Consumer Products by 38.1% during the first quarter. Versant Capital Management Inc now owns 2,543 shares of the company's stock valued at $61,000 after buying an additional 701 shares in the last quarter. Quarry LP grew its position in shares of Reynolds Consumer Products by 187.0% in the fourth quarter. Quarry LP now owns 2,531 shares of the company's stock valued at $68,000 after purchasing an additional 1,649 shares during the last quarter. Covestor Ltd grew its position in shares of Reynolds Consumer Products by 12.3% in the first quarter. Covestor Ltd now owns 4,670 shares of the company's stock valued at $111,000 after purchasing an additional 513 shares during the last quarter. Deutsche Bank AG grew 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 purchasing an additional 1,910 shares during the last quarter. Finally, Ariel Investments LLC grew its position in shares of Reynolds Consumer Products by 6.1% in the fourth quarter. Ariel Investments LLC now owns 7,446 shares of the company's stock valued at $201,000 after purchasing an additional 426 shares during the last quarter. 26.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

REYN has been the topic of several research analyst reports. Wall Street Zen raised Reynolds Consumer Products from a "sell" rating to a "hold" rating in a research report on Friday, May 30th. Barclays lifted their target price on 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. Finally, UBS Group lifted their target price on Reynolds Consumer Products from $23.00 to $25.00 and gave the stock a "neutral" rating in a research report on Thursday, July 31st. Two 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, the company currently has a consensus rating of "Hold" and an average price target of $26.75.

Reynolds Consumer Products Trading Down 0.5%

Shares of Reynolds Consumer Products stock traded down $0.12 on Tuesday, hitting $23.09. 291,855 shares of the company's stock traded hands, compared to its average volume of 949,025. The firm's 50-day moving average price is $22.24 and its two-hundred day moving average price is $22.83. The stock has a market capitalization of $4.86 billion, a PE ratio of 15.50 and a beta of 0.61. Reynolds Consumer Products Inc. has a one year low of $20.91 and a one year high of $32.65. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.85 and a quick ratio of 0.75.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last announced its quarterly earnings results 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 analyst estimates of $899.05 million. During the same quarter in the previous year, the business earned $0.46 EPS. The firm's revenue 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, research analysts expect that Reynolds Consumer Products Inc. will post 1.66 EPS 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 issued 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 payout ratio is 61.74%.

Insider Buying and Selling at Reynolds Consumer Products

In other news, Director Duncan Hawkesby purchased 159,506 shares of the firm's stock in a transaction dated Tuesday, August 26th. The stock was bought at an average price of $22.99 per share, with a total value of $3,667,042.94. Following the acquisition, the director directly owned 334,092 shares of the company's stock, valued at approximately $7,680,775.08. This represents a 91.36% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Rolf Stangl purchased 4,500 shares of the firm's stock in a transaction dated 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 acquisition, the director directly owned 30,889 shares in the company, 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. Insiders bought a total of 240,092 shares of company stock valued at $5,510,132 in the last three months. 0.15% of the stock is owned by company insiders.

Reynolds Consumer Products Company 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.