Vanguard Group Inc. Buys 159,522 Shares of Reynolds Consumer Products Inc. $REYN

Key Points

• Vanguard Group Inc. increased its stake in Reynolds Consumer Products by 2.7%, acquiring an additional 159,522 shares, raising its total ownership to over 6 million shares worth approximately $143 million.
• Reynolds Consumer Products announced a quarterly dividend of $0.23 per share, representing an annualized yield of 4.0%, with the payment scheduled for August 29th.
• Analyst ratings for Reynolds show a mix of outlooks, with three analysts issuing a Buy rating and six maintaining a Hold rating; the average target price for the stock is set at $28.00.

Vanguard Group Inc. lifted its stake in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) by 2.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,002,580 shares of the company's stock after purchasing an additional 159,522 shares during the quarter. Vanguard Group Inc. owned about 2.85% of Reynolds Consumer Products worth $143,222,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cerity Partners LLC boosted its position in shares of Reynolds Consumer Products by 418.8% during the 1st quarter. Cerity Partners LLC now owns 61,821 shares of the company's stock worth $1,475,000 after purchasing an additional 49,904 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Reynolds Consumer Products by 1,493.1% during the 1st quarter. GAMMA Investing LLC now owns 20,233 shares of the company's stock worth $483,000 after purchasing an additional 18,963 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Reynolds Consumer Products by 5.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 281,648 shares of the company's stock worth $6,720,000 after purchasing an additional 14,244 shares in the last quarter. Hunter Perkins Capital Management LLC bought a new position in shares of Reynolds Consumer Products during the 1st quarter worth about $649,000. Finally, Ameriprise Financial Inc. boosted its position in shares of Reynolds Consumer Products by 214.8% during the 4th quarter. Ameriprise Financial Inc. now owns 20,870 shares of the company's stock worth $563,000 after purchasing an additional 14,241 shares in the last quarter. Institutional investors own 26.81% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Royal Bank Of Canada reissued a "sector perform" rating and set a $30.00 price objective on shares of Reynolds Consumer Products in a research report on Monday, April 28th. Canaccord Genuity Group dropped their price target on shares of Reynolds Consumer Products from $27.00 to $26.00 and set a "hold" rating on the stock in a research report on Thursday, May 1st. Barclays raised their price target on shares of 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. Wall Street Zen raised shares of Reynolds Consumer Products from a "sell" rating to a "hold" rating in a research report on Friday, May 30th. Finally, UBS Group raised their price target on shares of Reynolds Consumer Products from $23.00 to $25.00 and gave the company a "neutral" rating in a research report on Thursday, July 31st. Three research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $28.00.

Reynolds Consumer Products Trading Down 0.1%

NASDAQ:REYN opened at $23.11 on Thursday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.75 and a current ratio of 1.85. The firm has a market cap of $4.86 billion, a price-to-earnings ratio of 15.51 and a beta of 0.58. Reynolds Consumer Products Inc. has a 52 week low of $20.91 and a 52 week high of $32.65. The firm has a 50-day moving average price of $21.95 and a two-hundred day moving average price of $22.99.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.39 earnings per share (EPS) 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 company had revenue of $938.00 million during the quarter, compared to analyst estimates of $899.05 million. During the same quarter last year, the business posted $0.46 EPS. Reynolds Consumer Products'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. On average, equities analysts expect that Reynolds Consumer Products Inc. will post 1.66 earnings per share for the current fiscal year.

Reynolds Consumer Products Announces Dividend

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

Insider Buying and Selling

In other Reynolds Consumer Products news, Director Rolf Stangl acquired 4,500 shares of Reynolds Consumer Products stock in a transaction that occurred on Friday, June 20th. The stock was acquired at an average cost of $21.24 per share, for a total transaction of $95,580.00. Following the purchase, the director owned 30,889 shares of the company's stock, valued at approximately $656,082.36. This represents a 17.05% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Chris Mayrhofer purchased 18,218 shares of Reynolds Consumer Products stock in a transaction dated Thursday, May 29th. The shares were purchased at an average price of $22.14 per share, with a total value of $403,346.52. Following the completion of the transaction, the chief accounting officer directly owned 18,218 shares in the company, valued at approximately $403,346.52. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 32,266 shares of company stock valued at $707,582 over the last quarter. 0.15% of the stock is owned by company insiders.

About Reynolds Consumer Products

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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