Virtus Advisers LLC Takes Position in Reynolds Consumer Products Inc. $REYN

Key Points

• Virtus Advisers LLC has invested approximately $422,000 in Reynolds Consumer Products, acquiring 17,702 shares in the company's stock.
• Several large institutional investors, including Cerity Partners LLC and GAMMA Investing LLC, have significantly increased their stakes in Reynolds Consumer Products during the first quarter, indicating growing institutional interest.
• Reynolds Consumer Products announced a quarterly dividend of $0.23, representing an annualized yield of 3.9%, and the stock has a current consensus price target of $28.00 from analysts.

Virtus Advisers LLC bought a new position in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 17,702 shares of the company's stock, valued at approximately $422,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cerity Partners LLC boosted its position in shares of Reynolds Consumer Products by 418.8% during the first quarter. Cerity Partners LLC now owns 61,821 shares of the company's stock worth $1,475,000 after buying an additional 49,904 shares during the period. GAMMA Investing LLC boosted its position in shares of Reynolds Consumer Products by 1,493.1% during the first quarter. GAMMA Investing LLC now owns 20,233 shares of the company's stock worth $483,000 after buying an additional 18,963 shares during the period. Vanguard Group Inc. boosted its position in shares of Reynolds Consumer Products by 2.7% during the first quarter. Vanguard Group Inc. now owns 6,002,580 shares of the company's stock worth $143,222,000 after buying an additional 159,522 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Reynolds Consumer Products by 5.3% during the first quarter. Envestnet Asset Management Inc. now owns 281,648 shares of the company's stock worth $6,720,000 after buying an additional 14,244 shares during the period. Finally, Hunter Perkins Capital Management LLC purchased a new position in shares of Reynolds Consumer Products during the first quarter worth $649,000. Institutional investors and hedge funds own 26.81% of the company's stock.

Insider Activity at Reynolds Consumer Products

In other news, Director Rolf Stangl acquired 4,500 shares of the company's stock in a transaction dated 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 acquisition, the director directly owned 30,889 shares in the company, valued at approximately $656,082.36. This represents a 17.05% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Duncan Hawkesby acquired 159,506 shares of the company's stock in a transaction dated Tuesday, August 26th. The shares were purchased at an average price of $22.99 per share, with a total value of $3,667,042.94. Following the completion of the acquisition, the director owned 334,092 shares in the company, valued at approximately $7,680,775.08. The trade was a 91.36% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 263,358 shares of company stock valued at $6,024,484. 0.15% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. UBS Group lifted their target price on Reynolds Consumer Products from $23.00 to $25.00 and gave the company a "neutral" rating in a report on Thursday, July 31st. Barclays lifted their target price on Reynolds Consumer Products from $21.00 to $22.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. Wall Street Zen upgraded Reynolds Consumer Products from a "sell" rating to a "hold" rating in a report on Friday, May 30th. Finally, Canaccord Genuity Group decreased their target price on Reynolds Consumer Products from $27.00 to $26.00 and set a "hold" rating for the company in a report on Thursday, May 1st. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Reynolds Consumer Products presently has a consensus rating of "Hold" and a consensus price target of $28.00.

Reynolds Consumer Products Stock Up 0.5%

Reynolds Consumer Products stock traded up $0.12 during midday trading on Wednesday, reaching $22.94. The company's stock had a trading volume of 815,235 shares, compared to its average volume of 998,497. Reynolds Consumer Products Inc. has a fifty-two week low of $20.91 and a fifty-two week high of $32.65. 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 company has a market cap of $4.82 billion, a P/E ratio of 15.40 and a beta of 0.58. The business has a 50-day simple moving average of $22.13 and a 200-day simple moving average of $22.88.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.39 EPS for the quarter, topping 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 for the quarter, compared to analysts' expectations of $899.05 million. During the same quarter in the previous year, the firm earned $0.46 earnings per share. The business'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, research analysts expect that Reynolds Consumer Products Inc. will post 1.66 earnings per share for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

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 paid a dividend of $0.23 per share. 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 payout ratio is 61.74%.

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.