Goldman Sachs Group Inc. Trims Stock Position in Reynolds Consumer Products Inc. $REYN

Key Points

• Goldman Sachs Group Inc. has reduced its stake in Reynolds Consumer Products by 53.5%, selling 145,004 shares and leaving them with approximately 126,170 shares valued at about $3 million.
• Institutional investors have shown increased interest, with Cerity Partners LLC increasing its position by 418.8% and GAMMA Investing LLC boosting its holdings by 1,493.1% in the same quarter.
• Reynolds Consumer Products reported an earnings per share (EPS) of $0.39 for the last quarter, beating estimates, and has set its Q3 2025 guidance between $0.370 and $0.410 EPS.

Goldman Sachs Group Inc. trimmed its position in Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) by 53.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 126,170 shares of the company's stock after selling 145,004 shares during the quarter. Goldman Sachs Group Inc. owned 0.06% of Reynolds Consumer Products worth $3,010,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Cerity Partners LLC boosted its holdings in Reynolds Consumer Products by 418.8% in the first quarter. Cerity Partners LLC now owns 61,821 shares of the company's stock valued at $1,475,000 after acquiring an additional 49,904 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Reynolds Consumer Products by 1,493.1% in the first quarter. GAMMA Investing LLC now owns 20,233 shares of the company's stock valued at $483,000 after acquiring an additional 18,963 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Reynolds Consumer Products by 2.7% in the first quarter. Vanguard Group Inc. now owns 6,002,580 shares of the company's stock valued at $143,222,000 after acquiring an additional 159,522 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Reynolds Consumer Products by 5.3% in the first quarter. Envestnet Asset Management Inc. now owns 281,648 shares of the company's stock valued at $6,720,000 after acquiring an additional 14,244 shares in the last quarter. Finally, Hunter Perkins Capital Management LLC bought a new stake in Reynolds Consumer Products in the first quarter valued at $649,000. 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. Wall Street Zen upgraded shares of Reynolds Consumer Products from a "sell" rating to a "hold" rating in a report on Friday, May 30th. Barclays boosted their target price on shares of Reynolds Consumer Products from $21.00 to $22.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. Finally, UBS Group boosted their target price 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. Two investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Reynolds Consumer Products presently has a consensus rating of "Hold" and an average price target of $26.75.

Reynolds Consumer Products Stock Performance

NASDAQ:REYN traded down $0.16 during mid-day trading on Tuesday, reaching $23.36. The company's stock had a trading volume of 379,650 shares, compared to its average volume of 962,661. Reynolds Consumer Products Inc. has a 12-month low of $20.91 and a 12-month high of $31.67. The firm's fifty day moving average price is $22.70 and its two-hundred day moving average price is $22.71. The company has a current ratio of 1.85, a quick ratio of 0.75 and a debt-to-equity ratio of 0.75. The stock has a market cap of $4.91 billion, a P/E ratio of 15.65 and a beta of 0.61.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.01. Reynolds Consumer Products had a return on equity of 16.00% and a net margin of 8.44%.The business 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 firm earned $0.46 EPS. Reynolds Consumer Products'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, equities analysts forecast that Reynolds Consumer Products Inc. will post 1.66 EPS for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

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 3.9%. 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.