The Manufacturers Life Insurance Company Purchases Shares of 230,323 Reynolds Consumer Products Inc. $REYN

Key Points

• The Manufacturers Life Insurance Company acquired 230,323 shares of Reynolds Consumer Products, valued at approximately $6.18 million, while institutional investors collectively own 26.81% of the company.
• Analysts maintain a consensus “Hold” rating, with an average price target of $25.60; recent target increases generally ranged from $25 to $27.
• Reynolds exceeded quarterly expectations with $0.42 EPS and $944 million in revenue, and declared a quarterly dividend of $0.23 per share, representing a 3.8% annualized yield.

The Manufacturers Life Insurance Company purchased a new position in Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 230,323 shares of the company's stock, valued at approximately $6,184,000. The Manufacturers Life Insurance Company owned approximately 0.11% of Reynolds Consumer Products as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Algert Global LLC increased its holdings in Reynolds Consumer Products by 448.7% in the 2nd quarter. Algert Global LLC now owns 383,660 shares of the company's stock worth $10,301,000 after acquiring an additional 313,740 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Reynolds Consumer Products during the 2nd quarter valued at $12,363,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Reynolds Consumer Products during the 2nd quarter valued at $51,000. Quantbot Technologies LP bought a new position in Reynolds Consumer Products in the 2nd quarter worth $150,000. Finally, Landscape Capital Management L.L.C. bought a new stake in Reynolds Consumer Products during the second quarter valued at about $2,497,000. 26.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

REYN has been the topic of several recent analyst reports. UBS Group lifted their target price on Reynolds Consumer Products from $23.00 to $27.00 and gave the company a "neutral" rating in a research note on Thursday, July 16th. Barclays increased their price objective on shares of Reynolds Consumer Products from $24.00 to $25.00 and gave the company an "equal weight" rating in a report on Tuesday, July 21st. Weiss Ratings upgraded Reynolds Consumer Products from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, June 29th. Canaccord Genuity Group raised their price target on Reynolds Consumer Products from $24.00 to $25.00 and gave the company a "hold" rating in a report on Thursday, July 30th. Finally, JPMorgan Chase & Co. upped their price objective on Reynolds Consumer Products from $23.00 to $27.00 and gave the stock a "neutral" rating in a report on Thursday, July 16th. One research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat, Reynolds Consumer Products has a consensus rating of "Hold" and an average target price of $25.60.

Reynolds Consumer Products Stock Performance

REYN opened at $24.05 on Monday. The stock has a 50-day moving average of $25.88 and a 200 day moving average of $23.48. The company has a current ratio of 1.80, a quick ratio of 0.71 and a debt-to-equity ratio of 0.66. Reynolds Consumer Products Inc. has a 12 month low of $20.44 and a 12 month high of $27.32. The firm has a market cap of $5.07 billion, a P/E ratio of 14.66 and a beta of 0.55.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.02. The business had revenue of $944.00 million for the quarter, compared to the consensus estimate of $935.46 million. Reynolds Consumer Products had a return on equity of 16.03% and a net margin of 9.11%.The company's quarterly revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.39 earnings per share. Reynolds Consumer Products has set its Q3 2026 guidance at 0.370-0.390 EPS and its FY 2026 guidance at 1.570-1.630 EPS. As a group, research analysts forecast that Reynolds Consumer Products Inc. will post 1.59 EPS for the current year.

Reynolds Consumer Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Monday, August 17th. Reynolds Consumer Products's payout ratio is presently 56.10%.

Reynolds Consumer Products Profile

Reynolds Consumer Products, Inc NASDAQ: REYN is a leading North American manufacturer and marketer of household consumer products. The company specializes in food storage and cooking solutions, including aluminum foil, plastic wrap, food storage containers and disposable tableware. Its core portfolio features well-known brands such as Reynolds Wrap aluminum foil, Hefty storage containers and trash bags, and Fastfold paper plates.

The company operates through a network of manufacturing and distribution facilities across North America, Latin America, Europe and the Asia Pacific region.

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