T. Rowe Price Investment Management Inc. Has $153.26 Million Position in Reynolds Consumer Products Inc. $REYN

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. cut its holdings in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) by 20.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund 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 approximately 3.05% of Reynolds Consumer Products worth $153,264,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Quarry LP raised its stake in Reynolds Consumer Products by 187.0% during 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 during the period. Versant Capital Management Inc raised its position in shares of Reynolds Consumer Products by 38.1% during 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 period. Covestor Ltd raised its position in shares of Reynolds Consumer Products by 12.3% during the 1st quarter. Covestor Ltd now owns 4,670 shares of the company's stock worth $111,000 after purchasing an additional 513 shares during the period. Deutsche Bank AG lifted its holdings in shares of Reynolds Consumer Products by 35.8% in the 4th quarter. Deutsche Bank AG now owns 7,247 shares of the company's stock worth $196,000 after purchasing an additional 1,910 shares during the last quarter. Finally, Ariel Investments LLC boosted its position in Reynolds Consumer Products by 6.1% during the 4th quarter. Ariel Investments LLC now owns 7,446 shares of the company's stock valued at $201,000 after purchasing an additional 426 shares during the period. 26.81% of the stock is owned by institutional investors and hedge funds.

Reynolds Consumer Products Trading Down 1.2%

Shares of REYN stock traded down $0.27 during trading hours on Tuesday, reaching $22.97. 498,764 shares of the stock traded hands, compared to its average volume of 951,289. 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 market capitalization of $4.83 billion, a PE ratio of 15.43 and a beta of 0.58. Reynolds Consumer Products Inc. has a 1-year low of $20.91 and a 1-year high of $32.65. The business has a fifty day moving average price of $22.06 and a 200 day moving average price of $22.88.

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 (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $938.00 million during the quarter, compared to analyst estimates of $899.05 million. During the same period in the prior year, the firm earned $0.46 earnings per share. The firm's 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. On average, equities research analysts forecast that Reynolds Consumer Products Inc. will post 1.66 EPS for the current year.

Reynolds Consumer Products Announces Dividend

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

Insider Activity at Reynolds Consumer Products

In other Reynolds Consumer Products news, CAO Chris Mayrhofer acquired 5,048 shares of the business's stock in a transaction that occurred on Friday, May 30th. The shares were purchased at an average price 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 in the company, valued at $511,619.34. The trade was a 27.71% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Duncan Hawkesby acquired 67,269 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The stock was acquired at an average price of $23.04 per share, with a total value of $1,549,877.76. Following the completion of the acquisition, the director directly owned 174,586 shares of the company's stock, valued at $4,022,461.44. This represents a 62.68% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders bought 103,852 shares of company stock valued at $2,357,442. 0.15% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on REYN shares. Wall Street Zen raised Reynolds Consumer Products from a "sell" rating to a "hold" rating in a research report on Friday, May 30th. UBS Group upped their target price on shares of Reynolds Consumer Products from $23.00 to $25.00 and gave the stock a "neutral" rating in a research report on Thursday, July 31st. Royal Bank Of Canada restated a "sector perform" rating and issued a $30.00 price target on shares of Reynolds Consumer Products in a research note on Monday, April 28th. Canaccord Genuity Group reduced their price objective on Reynolds Consumer Products from $27.00 to $26.00 and set a "hold" rating for the company in a research report on Thursday, May 1st. Finally, 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 research report on Friday, August 1st. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Reynolds Consumer Products has a consensus rating of "Hold" and an average target price of $28.00.

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.