Reynolds Consumer Products Inc. $REYN Stock Position Lowered by T. Rowe Price Investment Management Inc.

Key Points

• T. Rowe Price Investment Management Inc. reduced its stake in Reynolds Consumer Products by 20.3%, resulting in ownership of approximately 6.4 million shares valued at $153 million as of the latest filing.
• Reynolds Consumer Products reported a quarterly earnings per share of $0.39, exceeding analyst expectations and showing a 9% annual revenue increase with a total revenue of $938 million.
• The company has announced a quarterly dividend of $0.23 per share, representing an annualized dividend yield of 4.0%, with an upcoming payment date of August 29th.

T. Rowe Price Investment Management Inc. decreased its position in Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) by 20.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,423,460 shares of the company's stock after selling 1,639,008 shares during the quarter. T. Rowe Price Investment Management Inc. owned about 3.05% of Reynolds Consumer Products worth $153,264,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Quarry LP raised its position in Reynolds Consumer Products by 187.0% in the fourth quarter. Quarry LP now owns 2,531 shares of the company's stock worth $68,000 after acquiring an additional 1,649 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of Reynolds Consumer Products by 38.1% in the 1st quarter. Versant Capital Management Inc now owns 2,543 shares of the company's stock worth $61,000 after purchasing an additional 701 shares during the last quarter. Covestor Ltd raised its holdings in shares of Reynolds Consumer Products by 12.3% in the 1st quarter. Covestor Ltd now owns 4,670 shares of the company's stock worth $111,000 after purchasing an additional 513 shares in the last quarter. Deutsche Bank AG lifted its stake in Reynolds Consumer Products by 35.8% during the fourth quarter. Deutsche Bank AG now owns 7,247 shares of the company's stock valued at $196,000 after purchasing an additional 1,910 shares during the last quarter. Finally, Ariel Investments LLC boosted its holdings in Reynolds Consumer Products by 6.1% during the fourth quarter. Ariel Investments LLC now owns 7,446 shares of the company's stock worth $201,000 after buying an additional 426 shares in the last quarter. Institutional investors own 26.81% of the company's stock.

Reynolds Consumer Products Stock Performance

Shares of Reynolds Consumer Products stock opened at $23.11 on Thursday. Reynolds Consumer Products Inc. has a 12 month low of $20.91 and a 12 month high of $32.65. 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 stock has a market cap of $4.86 billion, a PE ratio of 15.51 and a beta of 0.58. The business has a fifty day simple moving average of $21.95 and a 200-day simple moving average of $22.99.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. The firm had revenue of $938.00 million for the quarter, compared to analyst estimates of $899.05 million. Reynolds Consumer Products had a return on equity of 16.00% and a net margin of 8.44%.Reynolds Consumer Products's quarterly revenue was up .9% on a year-over-year basis. During the same period in the previous year, the firm earned $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, sell-side analysts anticipate that Reynolds Consumer Products Inc. will post 1.66 EPS for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, August 15th. Reynolds Consumer Products's dividend payout ratio is 61.74%.

Insider Activity at Reynolds Consumer Products

In related news, CAO Chris Mayrhofer acquired 5,048 shares of the stock in a transaction that occurred on Friday, May 30th. The shares were purchased at an average cost of $21.99 per share, with a total value of $111,005.52. Following the completion of the transaction, the chief accounting officer owned 23,266 shares of the company's stock, valued at approximately $511,619.34. This trade represents a 27.71% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Rolf Stangl acquired 4,500 shares of the company's stock in a transaction on Friday, June 20th. The stock was bought at an average price of $21.24 per share, for a total transaction of $95,580.00. Following the purchase, the director owned 30,889 shares in the company, valued at approximately $656,082.36. This trade represents a 17.05% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 32,266 shares of company stock valued at $707,582. 0.15% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Canaccord Genuity Group dropped their price target on Reynolds Consumer Products from $27.00 to $26.00 and set a "hold" rating on the stock in a report on Thursday, May 1st. 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 report on Thursday, July 31st. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $30.00 price target on shares of Reynolds Consumer Products in a research report on Monday, April 28th. Truist Financial dropped their price target on Reynolds Consumer Products from $35.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Finally, Barclays boosted their price objective on Reynolds Consumer Products from $21.00 to $22.00 and gave the stock an "equal weight" rating in a report on Friday, August 1st. Three analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $28.00.

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.

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