Ieq Capital LLC Trims Holdings 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 decreased its holdings in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) by 66.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,239 shares of the company's stock after selling 20,418 shares during the period. Ieq Capital LLC's holdings in Reynolds Consumer Products were worth $244,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Cerity Partners LLC boosted its stake in Reynolds Consumer Products by 418.8% during the first quarter. Cerity Partners LLC now owns 61,821 shares of the company's stock valued at $1,475,000 after buying an additional 49,904 shares during the period. GAMMA Investing LLC boosted its stake in Reynolds Consumer Products by 1,493.1% during the first quarter. GAMMA Investing LLC now owns 20,233 shares of the company's stock valued at $483,000 after buying an additional 18,963 shares during the period. Vanguard Group Inc. boosted its stake in Reynolds Consumer Products by 2.7% during the first 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 during the period. Envestnet Asset Management Inc. boosted its stake in Reynolds Consumer Products by 5.3% during the first quarter. Envestnet Asset Management Inc. now owns 281,648 shares of the company's stock valued at $6,720,000 after buying an additional 14,244 shares during the period. Finally, Hunter Perkins Capital Management LLC bought a new stake in Reynolds Consumer Products during the first quarter valued at $649,000. Institutional investors own 26.81% of the company's stock.

Insider Activity

In related news, Director Rolf Stangl acquired 4,500 shares of the firm's stock in a transaction dated Friday, June 20th. The shares were purchased at an average price of $21.24 per share, for a total transaction of $95,580.00. Following the completion of the acquisition, the director owned 30,889 shares in the company, valued at approximately $656,082.36. This represents a 17.05% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Duncan Hawkesby acquired 159,506 shares of the firm's stock in a transaction dated Tuesday, August 26th. The stock was bought at an average price of $22.99 per share, for a total transaction of $3,667,042.94. Following the acquisition, 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 bought 235,592 shares of company stock worth $5,412,482. Company insiders own 0.15% of the company's stock.

Wall Street Analyst Weigh In

REYN has been the subject of several research analyst reports. UBS Group lifted their price objective on Reynolds Consumer Products from $23.00 to $25.00 and gave the company a "neutral" rating in a research note on Thursday, July 31st. Barclays raised their price target 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 stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $26.75.

Reynolds Consumer Products Price Performance

NASDAQ REYN traded down $0.30 during trading hours on Friday, reaching $23.03. 970,247 shares of the stock traded hands, compared to its average volume of 841,002. The stock has a 50 day simple moving average of $22.55 and a two-hundred day simple moving average of $22.78. Reynolds Consumer Products Inc. has a 1 year low of $20.91 and a 1 year high of $32.21. 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 cap of $4.84 billion, a price-to-earnings ratio of 15.46 and a beta of 0.61.

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, beating 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 return on equity of 16.00% and a net margin of 8.44%.The company's revenue for the quarter was up .9% on a year-over-year basis. During the same quarter last 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, analysts predict that Reynolds Consumer Products Inc. will post 1.66 EPS for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

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

Reynolds Consumer Products Company 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.