Reynolds Consumer Products Inc. $REYN Holdings Raised by Vanguard Group Inc.

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. raised its position in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) by 2.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,002,580 shares of the company's stock after acquiring an additional 159,522 shares during the quarter. Vanguard Group Inc. owned approximately 2.85% of Reynolds Consumer Products worth $143,222,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Versant Capital Management Inc increased its holdings in Reynolds Consumer Products by 38.1% in the 1st quarter. Versant Capital Management Inc now owns 2,543 shares of the company's stock valued at $61,000 after purchasing an additional 701 shares during the last quarter. Quarry LP boosted its holdings in Reynolds Consumer Products by 187.0% in the fourth quarter. Quarry LP now owns 2,531 shares of the company's stock valued at $68,000 after purchasing an additional 1,649 shares in the last quarter. Deutsche Bank AG boosted its holdings in Reynolds Consumer Products by 35.8% in 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 in the last quarter. Ariel Investments LLC boosted its holdings in shares of Reynolds Consumer Products by 6.1% in the fourth quarter. Ariel Investments LLC now owns 7,446 shares of the company's stock valued at $201,000 after acquiring an additional 426 shares during the period. Finally, OMERS ADMINISTRATION Corp acquired a new stake in shares of Reynolds Consumer Products in the fourth quarter valued at approximately $211,000. Institutional investors and hedge funds own 26.81% of the company's stock.

Insider Activity

In other news, Director Rolf Stangl acquired 4,500 shares of the business's stock in a transaction dated Friday, June 20th. The stock was acquired at an average price of $21.24 per share, for a total transaction of $95,580.00. Following the completion of the acquisition, the director directly owned 30,889 shares in the company, valued at $656,082.36. This represents a 17.05% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CAO Chris Mayrhofer bought 5,048 shares of Reynolds Consumer Products stock in a transaction dated Friday, May 30th. The shares were bought at an average cost of $21.99 per share, with a total value of $111,005.52. Following the completion of the acquisition, the chief accounting officer owned 23,266 shares of the company's stock, valued at $511,619.34. The trade was a 27.71% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 103,852 shares of company stock worth $2,357,442 over the last 90 days. 0.15% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on REYN. Barclays increased their price target 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. Wall Street Zen raised shares of Reynolds Consumer Products from a "sell" rating to a "hold" rating in a research note on Friday, May 30th. UBS Group raised their price target on Reynolds Consumer Products from $23.00 to $25.00 and gave the company a "neutral" rating in a research report on Thursday, July 31st. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $30.00 price target on shares of Reynolds Consumer Products in a research note on Monday, April 28th. Finally, Canaccord Genuity Group dropped 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. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $28.00.

Reynolds Consumer Products Stock Down 1.8%

Shares of REYN traded down $0.42 during trading on Tuesday, reaching $22.82. The company's stock had a trading volume of 1,123,383 shares, compared to its average volume of 1,117,789. The company has a fifty day moving average of $22.09 and a two-hundred day moving average of $22.88. Reynolds Consumer Products Inc. has a twelve month low of $20.91 and a twelve month high of $32.65. The company has a market cap of $4.80 billion, a price-to-earnings ratio of 15.32 and a beta of 0.58. The company has a quick ratio of 0.75, a current ratio of 1.85 and a debt-to-equity ratio of 0.75.

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 for the quarter, beating analysts' consensus estimates of $0.38 by $0.01. Reynolds Consumer Products had a return on equity of 16.00% and a net margin of 8.44%.The business had revenue of $938.00 million during the quarter, compared to the consensus estimate of $899.05 million. During the same period in the previous year, the business earned $0.46 EPS. The business's quarterly revenue was up .9% on a year-over-year basis. 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 predict that Reynolds Consumer Products Inc. will post 1.66 EPS for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

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