Renaissance Technologies LLC Buys New Stake in Reynolds Consumer Products Inc. $REYN

Key Points

• Renaissance Technologies initiated a stake in Reynolds Consumer Products during the first quarter, buying 103,700 shares valued at approximately $2.2 million. Institutional investors and hedge funds collectively own 26.81% of the company.
• Reynolds exceeded quarterly expectations with earnings of $0.42 per share versus the $0.40 consensus and revenue of $944 million. Management guided for third-quarter fiscal 2026 EPS of $0.37–$0.39 and full-year EPS of $1.57–$1.63.
• The company declared a quarterly dividend of $0.23 per share, equivalent to an annualized $0.92 payout and a 3.5% yield. Analysts maintain a consensus “Hold” rating, with an average price target of $25.60.

Renaissance Technologies LLC purchased a new stake in Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 103,700 shares of the company's stock, valued at approximately $2,196,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in REYN. Larson Financial Group LLC raised its stake in shares of Reynolds Consumer Products by 70.4% during 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. Farther Finance Advisors LLC boosted its stake 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 buying an additional 780 shares during the last quarter. Rockefeller Capital Management L.P. grew its holdings in Reynolds Consumer Products by 119.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,794 shares of the company's stock worth $41,000 after acquiring an additional 978 shares during the period. SJS Investment Consulting Inc. grew 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 acquiring an additional 1,770 shares during the period. Finally, Caitong International Asset Management Co. Ltd raised its position in Reynolds Consumer Products by 199,400.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,995 shares of the company's stock valued at $46,000 after acquiring an additional 1,994 shares in the last quarter. 26.81% of the stock is owned by institutional investors and hedge funds.

Reynolds Consumer Products Price Performance

Reynolds Consumer Products stock opened at $26.13 on Tuesday. The stock has a market capitalization of $5.51 billion, a P/E ratio of 15.93 and a beta of 0.55. The company's fifty day moving average price is $25.18 and its 200 day moving average price is $23.26. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.71 and a current ratio of 1.80. Reynolds Consumer Products Inc. has a 1 year low of $20.44 and a 1 year high of $27.32.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $944.00 million during the quarter, compared to analysts' expectations of $935.46 million. Reynolds Consumer Products had a net margin of 9.11% and a return on equity of 16.03%. The firm's revenue for the quarter was up .6% on a year-over-year basis. During the same period in the prior year, the business posted $0.39 earnings per share. 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. As a group, equities research analysts anticipate that Reynolds Consumer Products Inc. will post 1.59 earnings per share for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $0.92 dividend on an annualized basis and a yield of 3.5%. Reynolds Consumer Products's dividend payout ratio (DPR) is currently 56.10%.

Analyst Ratings Changes

Several research firms have commented on REYN. UBS Group upped their price objective on Reynolds Consumer Products from $23.00 to $27.00 and gave the stock a "neutral" rating in a research report on Thursday, July 16th. Piper Sandler raised shares of Reynolds Consumer Products to an "overweight" rating in a report on Thursday, July 30th. Weiss Ratings raised shares of Reynolds Consumer Products from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, June 29th. JPMorgan Chase & Co. raised their price target on shares of Reynolds Consumer Products from $23.00 to $27.00 and gave the company a "neutral" rating in a research report on Thursday, July 16th. Finally, Canaccord Genuity Group lifted their price objective on shares of Reynolds Consumer Products from $24.00 to $25.00 and gave the company a "hold" rating in a report on Thursday, July 30th. One analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Reynolds Consumer Products has an average rating of "Hold" and an average price target of $25.60.

Reynolds Consumer Products Company 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.

Want to see what other hedge funds are holding REYN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source