Reynolds Consumer Products Inc. $REYN Stake Boosted by Hunter Perkins Capital Management LLC

Hunter Perkins Capital Management LLC increased its position in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) by 83.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,017 shares of the company's stock after acquiring an additional 22,812 shares during the period. Hunter Perkins Capital Management LLC's holdings in Reynolds Consumer Products were worth $1,071,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of REYN. GAMMA Investing LLC raised its stake in shares of Reynolds Consumer Products by 231.8% during the 2nd quarter. GAMMA Investing LLC now owns 2,814 shares of the company's stock worth $60,000 after purchasing an additional 1,966 shares in the last quarter. Parallel Advisors LLC raised its position in Reynolds Consumer Products by 1,995.7% during the second quarter. Parallel Advisors LLC now owns 3,395 shares of the company's stock valued at $73,000 after acquiring an additional 3,233 shares in the last quarter. Signaturefd LLC lifted its stake in Reynolds Consumer Products by 492.1% in the second quarter. Signaturefd LLC now owns 4,997 shares of the company's stock valued at $107,000 after acquiring an additional 4,153 shares during the last quarter. Covestor Ltd grew its position in Reynolds Consumer Products by 12.3% in the first quarter. Covestor Ltd now owns 4,670 shares of the company's stock worth $111,000 after acquiring an additional 513 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its position in Reynolds Consumer Products by 81.8% in the second quarter. Farther Finance Advisors LLC now owns 5,277 shares of the company's stock worth $113,000 after acquiring an additional 2,374 shares in the last quarter. Institutional investors and hedge funds own 26.81% of the company's stock.

Analysts Set New Price Targets

REYN has been the topic of a number of recent research reports. UBS Group lifted their price objective on shares of 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 target price on 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, Weiss Ratings reissued a "hold (c-)" rating on shares of Reynolds Consumer Products in a report on Saturday, September 27th. Two research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $26.75.

Reynolds Consumer Products Trading Up 0.4%

Shares of REYN stock opened at $24.67 on Monday. The company has a market capitalization of $5.19 billion, a P/E ratio of 16.56 and a beta of 0.60. Reynolds Consumer Products Inc. has a 12-month low of $20.91 and a 12-month high of $30.61. The company has a quick ratio of 0.75, a current ratio of 1.85 and a debt-to-equity ratio of 0.75. The firm has a 50-day moving average price of $23.04 and a 200 day moving average price of $22.72.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last issued its quarterly earnings data 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. Reynolds Consumer Products had a net margin of 8.44% and a return on equity of 16.00%. The firm had revenue of $938.00 million for the quarter, compared to analysts' expectations of $899.05 million. During the same period in the prior year, the firm earned $0.46 earnings per share. The company's quarterly revenue was up .9% compared to the same quarter last year. Reynolds Consumer Products has set its Q3 2025 guidance at 0.370-0.410 EPS. FY 2025 guidance at 1.540-1.610 EPS. Research analysts forecast that Reynolds Consumer Products Inc. will post 1.66 earnings per share for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were given a $0.23 dividend. The ex-dividend date was Friday, August 15th. This represents a $0.92 annualized dividend and a yield of 3.7%. Reynolds Consumer Products's payout ratio is presently 61.74%.

Insider Buying and Selling

In other Reynolds Consumer Products news, Director Duncan Hawkesby bought 159,506 shares of the firm's stock in a transaction dated Tuesday, August 26th. The shares were bought 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 trade represents a 91.36% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders acquired a total of 231,092 shares of company stock valued at $5,316,902 over the last quarter. 0.15% of the stock is currently owned by 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.

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