Ieq Capital LLC Has $244,000 Stock Position in Reynolds Consumer Products Inc. $REYN

Key Points

• Ieq Capital LLC has significantly reduced its holdings in Reynolds Consumer Products, selling 20,418 shares and owning only 10,239 shares now, valued at $244,000.
• Several institutional investors have increased their positions in Reynolds, with Ceredex Value Advisors LLC raising its stake by 16.5% during the first quarter, now owning 545,829 shares worth $13 million.
• Reynolds Consumer Products reported a slight increase in quarterly revenue of 0.9% year-over-year, with earnings per share beating estimates at $0.39 compared to the projected $0.38.

Ieq Capital LLC trimmed its position in Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) by 66.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,239 shares of the company's stock after selling 20,418 shares during the quarter. Ieq Capital LLC's holdings in Reynolds Consumer Products were worth $244,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Reynolds Consumer Products by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 6,002,580 shares of the company's stock valued at $143,222,000 after buying an additional 159,522 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Reynolds Consumer Products by 2.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 607,090 shares of the company's stock valued at $14,485,000 after buying an additional 15,184 shares in the last quarter. Ceredex Value Advisors LLC grew its holdings in Reynolds Consumer Products by 16.5% in the 1st quarter. Ceredex Value Advisors LLC now owns 545,829 shares of the company's stock valued at $13,023,000 after buying an additional 77,469 shares in the last quarter. Millennium Management LLC grew its holdings in Reynolds Consumer Products by 30.7% in the 4th quarter. Millennium Management LLC now owns 532,261 shares of the company's stock valued at $14,366,000 after buying an additional 125,144 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in Reynolds Consumer Products by 49.1% in the 4th quarter. Northern Trust Corp now owns 350,398 shares of the company's stock valued at $9,457,000 after buying an additional 115,399 shares in the last quarter. 26.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Reynolds Consumer Products Price Performance

Shares of REYN stock traded down $0.28 on Friday, hitting $23.05. 109,701 shares of the company's stock were exchanged, compared to its average volume of 948,087. 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 stock has a market cap of $4.85 billion, a P/E ratio of 15.47 and a beta of 0.61. Reynolds Consumer Products Inc. has a 12 month low of $20.91 and a 12 month high of $32.21. The company has a 50 day moving average of $22.52 and a 200 day moving average of $22.80.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.01. The company had revenue of $938.00 million for 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 previous year, the business posted $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. On average, equities research analysts predict that Reynolds Consumer Products Inc. will post 1.66 EPS for the current year.

Reynolds Consumer Products Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were issued 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 (DPR) is 61.74%.

Insider Buying and Selling

In related news, Director Rolf Stangl purchased 4,500 shares of the firm's stock in a transaction dated Friday, June 20th. The stock was bought at an average price of $21.24 per share, with a total value of $95,580.00. Following the completion of the purchase, the director owned 30,889 shares in the company, valued at approximately $656,082.36. This represents a 17.05% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Duncan Hawkesby purchased 159,506 shares of the firm's stock in a transaction dated Tuesday, August 26th. The stock was bought at an average cost of $22.99 per share, with a total value of $3,667,042.94. Following the purchase, the director owned 334,092 shares of the company's stock, valued at approximately $7,680,775.08. This trade represents a 91.36% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 235,592 shares of company stock valued at $5,412,482. 0.15% of the stock is owned by company insiders.

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.