Reynolds Consumer Products Inc. $REYN Position Lessened by Squarepoint Ops LLC

Key Points

• Squarepoint Ops LLC cut its Reynolds Consumer Products stake by 72.4% in the second quarter, while other institutional investors increased or initiated positions. Institutional investors collectively own 26.81% of the company.
• Reynolds reported quarterly EPS of $0.42, beating estimates by $0.02, while revenue reached $944 million and rose 0.6% year over year. The company issued third-quarter EPS guidance of $0.37–$0.39 and full-year guidance of $1.57–$1.63.
• The company paid a quarterly dividend of $0.23, equivalent to a 4.1% annualized yield. Analysts remain mostly neutral, with an average “Hold” rating and a $25.60 price target.

Squarepoint Ops LLC decreased its position in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) by 72.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,973 shares of the company's stock after selling 102,182 shares during the period. Squarepoint Ops LLC's holdings in Reynolds Consumer Products were worth $1,046,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Baird Financial Group Inc. lifted its holdings in shares of Reynolds Consumer Products by 27.4% during the 2nd quarter. Baird Financial Group Inc. now owns 41,448 shares of the company's stock valued at $1,113,000 after buying an additional 8,915 shares during the last quarter. West Family Investments Inc. acquired a new position in Reynolds Consumer Products in the second quarter worth approximately $245,000. Paragon Capital Management Ltd acquired a new position in Reynolds Consumer Products in the second quarter worth approximately $254,000. Corient Private Wealth LP raised its position in Reynolds Consumer Products by 34.7% during the second quarter. Corient Private Wealth LP now owns 287,368 shares of the company's stock valued at $7,716,000 after acquiring an additional 73,982 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Reynolds Consumer Products in the second quarter valued at approximately $285,000. Hedge funds and other institutional investors own 26.81% of the company's stock.

Reynolds Consumer Products Trading Up 1.2%

NASDAQ:REYN opened at $22.69 on Friday. The company's 50 day moving average is $24.73 and its 200-day moving average is $23.29. 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 Inc. has a 12 month low of $20.44 and a 12 month high of $27.32. The firm has a market cap of $4.78 billion, a price-to-earnings ratio of 13.84 and a beta of 0.54.

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 (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.02. Reynolds Consumer Products had a net margin of 9.11% and a return on equity of 16.03%. The business had revenue of $944.00 million during the quarter, compared to the consensus estimate of $935.46 million. During the same period in the prior year, the firm earned $0.39 EPS. Reynolds Consumer Products's quarterly 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. Equities analysts anticipate that Reynolds Consumer Products Inc. will post 1.59 EPS for the current year.

Reynolds Consumer Products Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 17th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, August 17th. Reynolds Consumer Products's dividend payout ratio (DPR) is currently 56.10%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Piper Sandler raised shares of Reynolds Consumer Products to an "overweight" rating in a research report on Thursday, July 30th. UBS Group lifted their price objective on shares of Reynolds Consumer Products from $23.00 to $27.00 and gave the company a "neutral" rating in a research note on Thursday, July 16th. Canaccord Genuity Group upped their price objective on shares of Reynolds Consumer Products from $24.00 to $25.00 and gave the stock a "hold" rating in a report on Thursday, July 30th. JPMorgan Chase & Co. increased their target price 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. Finally, Barclays raised their target price 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. One research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company presently 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 develops, manufactures and markets household products used for food preparation, storage, serving and waste management. The company sells branded and private-label products primarily through grocery stores, mass merchants, warehouse clubs, online retailers and other distribution channels.

Its portfolio includes Reynolds Kitchens aluminum foil, parchment paper, oven bags, wax paper, plastic wrap and disposable bakeware; Hefty trash bags, food-storage bags and disposable tableware; and Diamond kitchen and food-preparation products.

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