102,861 Shares in Reynolds Consumer Products Inc. $REYN Purchased by Trexquant Investment LP

Key Points

• Trexquant Investment LP has invested approximately $2.45 million to acquire a new position in Reynolds Consumer Products Inc., buying 102,861 shares during the first quarter.
• Reynolds Consumer Products reported a quarterly earnings per share of $0.39, exceeding analysts' expectations of $0.38, with revenue reaching $938 million.
• The company announced a $0.23 quarterly dividend, yielding 3.9%, with a payout ratio of 61.74% and the dividend was paid on August 29th.

Trexquant Investment LP purchased a new stake in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 102,861 shares of the company's stock, valued at approximately $2,454,000.

Several other institutional investors also recently bought and sold shares of the business. Landscape Capital Management L.L.C. grew its stake in Reynolds Consumer Products by 145.7% during the first quarter. Landscape Capital Management L.L.C. now owns 111,601 shares of the company's stock worth $2,663,000 after buying an additional 66,181 shares during the period. Ceredex Value Advisors LLC grew its stake in Reynolds Consumer Products by 16.5% during the first quarter. Ceredex Value Advisors LLC now owns 545,829 shares of the company's stock worth $13,023,000 after buying an additional 77,469 shares during the period. Virtus Advisers LLC purchased a new stake in Reynolds Consumer Products during the first quarter worth approximately $422,000. Jump Financial LLC purchased a new stake in Reynolds Consumer Products during the first quarter worth approximately $432,000. Finally, EntryPoint Capital LLC grew its stake in Reynolds Consumer Products by 39.9% during the first quarter. EntryPoint Capital LLC now owns 31,299 shares of the company's stock worth $747,000 after buying an additional 8,919 shares during the period. 26.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. UBS Group boosted their price objective on shares of Reynolds Consumer Products from $23.00 to $25.00 and gave the stock a "neutral" rating in a research note on Thursday, July 31st. Wall Street Zen upgraded shares of Reynolds Consumer Products from a "sell" rating to a "hold" rating in a research note on Friday, May 30th. Finally, Barclays upped their target price on shares of Reynolds Consumer Products from $21.00 to $22.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $26.75.

Insider Buying and Selling at Reynolds Consumer Products

In related news, Director Rolf Stangl purchased 4,500 shares of the business's stock in a transaction that occurred on Friday, June 20th. The shares were purchased at an average cost of $21.24 per share, with a total value of $95,580.00. Following the completion of the acquisition, the director directly owned 30,889 shares of the company's stock, valued at approximately $656,082.36. The trade was a 17.05% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Duncan Hawkesby purchased 159,506 shares of the business's stock in a transaction that occurred on Tuesday, August 26th. The stock was bought at an average cost of $22.99 per share, for a total transaction of $3,667,042.94. Following the completion of the acquisition, the director directly owned 334,092 shares of the company's stock, valued at $7,680,775.08. This represents a 91.36% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 235,592 shares of company stock worth $5,412,482 over the last ninety days. 0.15% of the stock is currently owned by corporate insiders.

Reynolds Consumer Products Stock Down 0.1%

REYN traded down $0.02 during trading on Tuesday, hitting $22.94. The company had a trading volume of 117,867 shares, compared to its average volume of 952,806. The company has a market cap of $4.82 billion, a PE ratio of 15.40 and a beta of 0.61. The business has a 50-day moving average of $22.45 and a 200-day moving average of $22.81. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.85 and a quick ratio of 0.75. Reynolds Consumer Products Inc. has a 1-year low of $20.91 and a 1-year high of $32.60.

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, beating the consensus estimate of $0.38 by $0.01. The firm had revenue of $938.00 million for the quarter, compared to analysts' expectations of $899.05 million. Reynolds Consumer Products had a net margin of 8.44% and a return on equity of 16.00%. The firm's quarterly revenue was up .9% on a year-over-year basis. During the same period in the prior year, the company 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. As a group, analysts forecast that Reynolds Consumer Products Inc. will post 1.66 earnings per share for the current year.

Reynolds Consumer Products Announces Dividend

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

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.