CX Institutional Buys 144,451 Shares of Reynolds Consumer Products Inc. $REYN

Key Points

• CX Institutional increased its stake in Reynolds Consumer Products by 121% during Q2, holding 263,857 shares valued at $5.65 million.
• Several other institutional investors have also raised their stakes, with significant increases from Parallel Advisors LLC, which boosted its holdings by 1,995.7% in the same quarter.
• Reynolds Consumer Products announced a quarterly dividend of $0.23 per share, representing a 4.0% annualized dividend yield.

CX Institutional boosted its stake in Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) by 121.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 263,857 shares of the company's stock after purchasing an additional 144,451 shares during the quarter. CX Institutional owned about 0.13% of Reynolds Consumer Products worth $5,652,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Versant Capital Management Inc raised its stake in Reynolds Consumer Products by 38.1% in the first quarter. Versant Capital Management Inc now owns 2,543 shares of the company's stock valued at $61,000 after purchasing an additional 701 shares in the last quarter. Parallel Advisors LLC grew its position in Reynolds Consumer Products by 1,995.7% during the second quarter. Parallel Advisors LLC now owns 3,395 shares of the company's stock valued at $73,000 after acquiring an additional 3,233 shares during the last quarter. Covestor Ltd grew its holdings 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 worth $111,000 after purchasing an additional 513 shares during the last quarter. Deutsche Bank AG grew its holdings 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 worth $196,000 after purchasing an additional 1,910 shares during the last quarter. Finally, State of Wyoming grew its holdings in shares of Reynolds Consumer Products by 231.3% in the fourth quarter. State of Wyoming now owns 9,372 shares of the company's stock worth $253,000 after purchasing an additional 6,543 shares during the last quarter. 26.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Reynolds Consumer Products

In other Reynolds Consumer Products news, Director Duncan Hawkesby purchased 159,506 shares of Reynolds Consumer Products stock in a transaction dated Tuesday, August 26th. The stock was purchased at an average price of $22.99 per share, with a total value of $3,667,042.94. Following the transaction, the director directly owned 334,092 shares of the company's stock, valued at $7,680,775.08. This trade represents a 91.36% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders have bought 231,092 shares of company stock worth $5,316,902. 0.15% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on REYN. UBS Group lifted their price target on shares of Reynolds Consumer Products from $23.00 to $25.00 and gave the company a "neutral" rating in a report on Thursday, July 31st. Wall Street Zen upgraded shares of Reynolds Consumer Products from a "sell" rating to a "hold" rating in a report on Friday, May 30th. Finally, Barclays raised their price objective on 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. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Reynolds Consumer Products has a consensus rating of "Hold" and an average target price of $26.75.

Reynolds Consumer Products Stock Performance

Shares of NASDAQ REYN traded down $0.52 during trading on Tuesday, reaching $23.00. 1,514,653 shares of the company traded hands, compared to its average volume of 969,736. The company has a quick ratio of 0.75, a current ratio of 1.85 and a debt-to-equity ratio of 0.75. The firm has a 50 day simple moving average of $22.70 and a 200-day simple moving average of $22.71. Reynolds Consumer Products Inc. has a 52-week low of $20.91 and a 52-week high of $31.67. The stock has a market capitalization of $4.84 billion, a PE ratio of 15.46 and a beta of 0.61.

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 for the quarter, beating analysts' consensus estimates of $0.38 by $0.01. The company had revenue of $938.00 million for the quarter, compared to the consensus estimate of $899.05 million. Reynolds Consumer Products had a net margin of 8.44% and a return on equity of 16.00%. The firm's revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.46 earnings per share. Reynolds Consumer Products has set its Q3 2025 guidance at 0.370-0.410 EPS. FY 2025 guidance at 1.540-1.610 EPS. Equities research analysts anticipate that Reynolds Consumer Products Inc. will post 1.66 earnings per share for the current year.

Reynolds Consumer Products Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were given a dividend of $0.23 per share. 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 dividend payout ratio is presently 61.74%.

About Reynolds Consumer Products

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.