Goldman Sachs Group Inc. Has $3.01 Million Holdings 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. reduced its stake in Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) by 53.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 126,170 shares of the company's stock after selling 145,004 shares during the period. Goldman Sachs Group Inc. owned 0.06% of Reynolds Consumer Products worth $3,010,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Cubist Systematic Strategies LLC acquired a new stake in Reynolds Consumer Products during the first quarter worth $4,522,000. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Reynolds Consumer Products by 141.4% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 314,756 shares of the company's stock worth $7,510,000 after acquiring an additional 184,359 shares during the period. Victory Capital Management Inc. boosted its position in Reynolds Consumer Products by 842.2% in the first quarter. Victory Capital Management Inc. now owns 183,448 shares of the company's stock valued at $4,377,000 after buying an additional 163,977 shares in the last quarter. Vanguard Group Inc. raised its holdings in Reynolds Consumer Products by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 6,002,580 shares of the company's stock worth $143,222,000 after purchasing an additional 159,522 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Reynolds Consumer Products by 950.5% in the 1st quarter. SG Americas Securities LLC now owns 170,615 shares of the company's stock worth $4,071,000 after acquiring an additional 154,374 shares during the last quarter. Hedge funds and other institutional investors own 26.81% of the company's stock.

Wall Street Analyst Weigh In

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

Reynolds Consumer Products Trading Up 3.4%

NASDAQ:REYN traded up $0.78 on Monday, reaching $23.57. 1,744,193 shares of the company's stock were exchanged, compared to its average volume of 955,793. The business has a fifty day moving average of $22.67 and a 200-day moving average of $22.72. The company has a quick ratio of 0.75, a current ratio of 1.85 and a debt-to-equity ratio of 0.75. Reynolds Consumer Products Inc. has a 52-week low of $20.91 and a 52-week high of $32.06. The firm has a market capitalization of $4.96 billion, a price-to-earnings ratio of 15.82 and a beta of 0.61.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.01. The business had revenue of $938.00 million during the quarter, compared to analysts' expectations of $899.05 million. Reynolds Consumer Products had a return on equity of 16.00% and a net margin of 8.44%.The business's quarterly revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the firm posted $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. As a group, analysts expect that Reynolds Consumer Products Inc. will post 1.66 earnings per share for the current year.

Reynolds Consumer Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Friday, August 15th. Reynolds Consumer Products's payout ratio is currently 61.74%.

Insider Buying and Selling

In other Reynolds Consumer Products news, Director Duncan Hawkesby purchased 159,506 shares of the business's stock in a transaction that occurred on Tuesday, August 26th. The shares were purchased at an average price of $22.99 per share, for a total transaction of $3,667,042.94. Following the completion of the acquisition, the director owned 334,092 shares of the company's stock, valued at approximately $7,680,775.08. This represents a 91.36% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders bought 231,092 shares of company stock valued at $5,316,902. 0.15% of the stock is owned by insiders.

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.