Zurich Insurance Group Ltd FI Buys Shares of 48,400 Reynolds Consumer Products Inc. $REYN

Key Points

• Zurich Insurance Group Ltd FI acquired a new position in Reynolds Consumer Products, purchasing 48,400 shares valued at approximately $1.15 million.
• Several institutional investors, including Price T Rowe Associates and Northern Trust Corp, have also increased their stakes in Reynolds, showcasing growing interest in the company.
• Reynolds Consumer Products recently declared a quarterly dividend of $0.23 per share, representing a yield of 4.0%.

Zurich Insurance Group Ltd FI acquired a new stake in Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 48,400 shares of the company's stock, valued at approximately $1,155,000.

Other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc increased its stake in shares of Reynolds Consumer Products by 38.1% during the first quarter. Versant Capital Management Inc now owns 2,543 shares of the company's stock worth $61,000 after acquiring an additional 701 shares during the period. Covestor Ltd increased its stake in shares of Reynolds Consumer Products by 12.3% during the first quarter. Covestor Ltd now owns 4,670 shares of the company's stock worth $111,000 after acquiring an additional 513 shares during the period. Deutsche Bank AG increased its stake in shares of Reynolds Consumer Products by 35.8% during the fourth quarter. Deutsche Bank AG now owns 7,247 shares of the company's stock worth $196,000 after acquiring an additional 1,910 shares during the period. OMERS ADMINISTRATION Corp acquired a new position in shares of Reynolds Consumer Products during the fourth quarter worth about $211,000. Finally, State of Wyoming increased its stake in shares of Reynolds Consumer Products by 231.3% during the fourth quarter. State of Wyoming now owns 9,372 shares of the company's stock worth $253,000 after acquiring an additional 6,543 shares during the period. 26.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

Analyst Upgrades and Downgrades

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

Reynolds Consumer Products Trading Down 0.6%

REYN stock traded down $0.14 on Monday, hitting $22.89. 173,882 shares of the company were exchanged, compared to its average volume of 948,908. Reynolds Consumer Products Inc. has a twelve month low of $20.91 and a twelve month high of $32.21. The business's fifty day moving average is $22.55 and its two-hundred day moving average is $22.76. The stock has a market capitalization of $4.81 billion, a price-to-earnings ratio of 15.39 and a beta of 0.61. 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 (NASDAQ:REYN - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $938.00 million during 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 business's quarterly revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.46 EPS. 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, research analysts forecast that Reynolds Consumer Products Inc. will post 1.66 earnings per share for the current year.

Reynolds Consumer Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were given a $0.23 dividend. The ex-dividend date was Friday, August 15th. This represents a $0.92 annualized dividend and a yield of 4.0%. Reynolds Consumer Products's dividend payout ratio (DPR) is currently 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.