AlphaQuest LLC Sells 31,968 Shares of Reynolds Consumer Products Inc. $REYN

Key Points

• AlphaQuest LLC has significantly reduced its stake in Reynolds Consumer Products by 71.3%, owning 12,879 shares worth $307,000 after selling 31,968 shares.
• Reynolds reported a net margin of 8.44% and a revenue of $938 million for the last quarter, exceeding the consensus estimate.
• The company declared a quarterly dividend of $0.23 per share, resulting in a 4.0% dividend yield for shareholders.

AlphaQuest LLC trimmed its holdings in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) by 71.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,879 shares of the company's stock after selling 31,968 shares during the quarter. AlphaQuest LLC's holdings in Reynolds Consumer Products were worth $307,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Quarry LP raised its position in shares of Reynolds Consumer Products by 187.0% during the 4th quarter. Quarry LP now owns 2,531 shares of the company's stock valued at $68,000 after buying an additional 1,649 shares in the last quarter. Versant Capital Management Inc raised its position in shares of Reynolds Consumer Products by 38.1% during the 1st 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. Covestor Ltd raised its position in shares of Reynolds Consumer Products by 12.3% during the 1st quarter. Covestor Ltd now owns 4,670 shares of the company's stock valued at $111,000 after buying an additional 513 shares in the last quarter. Deutsche Bank AG raised its position in shares of Reynolds Consumer Products by 35.8% during the 4th quarter. Deutsche Bank AG now owns 7,247 shares of the company's stock valued at $196,000 after buying an additional 1,910 shares in the last quarter. Finally, Ariel Investments LLC raised its position in shares of Reynolds Consumer Products by 6.1% during the 4th quarter. Ariel Investments LLC now owns 7,446 shares of the company's stock valued at $201,000 after buying an additional 426 shares in the last quarter. 26.81% of the stock is currently owned by hedge funds and other institutional investors.

Reynolds Consumer Products Trading Up 0.6%

REYN stock traded up $0.13 during mid-day trading on Monday, reaching $23.21. The company had a trading volume of 620,798 shares, compared to its average volume of 864,227. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.85 and a quick ratio of 0.75. The company has a market capitalization of $4.88 billion, a PE ratio of 15.58 and a beta of 0.61. The firm has a 50 day moving average of $22.21 and a 200 day moving average of $22.83. Reynolds Consumer Products Inc. has a 12 month low of $20.91 and a 12 month high of $32.65.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.39 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.01. The business 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 company's revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.46 EPS. 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, equities analysts predict that Reynolds Consumer Products Inc. will post 1.66 earnings per share for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Friday, August 15th. Reynolds Consumer Products's dividend payout ratio is currently 61.74%.

Insider Transactions at Reynolds Consumer Products

In other Reynolds Consumer Products news, Director Duncan Hawkesby acquired 159,506 shares of the company's stock in a transaction dated Tuesday, August 26th. The shares were purchased at an average cost 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 approximately $7,680,775.08. This trade represents a 91.36% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Rolf Stangl acquired 4,500 shares of the company's stock in a transaction dated Friday, June 20th. The shares were acquired at an average price of $21.24 per share, for a total transaction of $95,580.00. Following the completion of the purchase, the director owned 30,889 shares of the company's stock, valued at approximately $656,082.36. This represents a 17.05% increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 240,092 shares of company stock worth $5,510,132 over the last 90 days. Insiders own 0.15% of the company's stock.

Analyst Ratings Changes

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

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.