Bank of America Corp DE Has $14.03 Million Stock Position in Reynolds Consumer Products Inc. $REYN

Bank of America Corp DE boosted its stake in Reynolds Consumer Products Inc. (NASDAQ:REYNFree Report) by 38.9% during the 1st quarter, HoldingsChannel.com reports. The fund owned 662,465 shares of the company’s stock after acquiring an additional 185,665 shares during the period. Bank of America Corp DE’s holdings in Reynolds Consumer Products were worth $14,031,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Baird Financial Group Inc. raised its position in shares of Reynolds Consumer Products by 1.6% in the 2nd quarter. Baird Financial Group Inc. now owns 32,882 shares of the company’s stock worth $704,000 after acquiring an additional 516 shares in the last quarter. Larson Financial Group LLC lifted its stake in Reynolds Consumer Products by 70.4% in the fourth quarter. Larson Financial Group LLC now owns 1,264 shares of the company’s stock valued at $29,000 after buying an additional 522 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of Reynolds Consumer Products by 6.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 10,089 shares of the company’s stock worth $231,000 after buying an additional 582 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Reynolds Consumer Products by 32.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,873 shares of the company’s stock worth $66,000 after buying an additional 704 shares during the period. Finally, Farther Finance Advisors LLC grew its position in shares of Reynolds Consumer Products by 127.7% during the 4th quarter. Farther Finance Advisors LLC now owns 1,391 shares of the company’s stock worth $32,000 after buying an additional 780 shares during the period. Institutional investors and hedge funds own 26.81% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Barclays boosted their target price on shares of Reynolds Consumer Products from $24.00 to $25.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 21st. Piper Sandler upgraded shares of Reynolds Consumer Products to an “overweight” rating in a report on Thursday, July 30th. UBS Group lifted their price target on shares of Reynolds Consumer Products from $23.00 to $27.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. JPMorgan Chase & Co. upped their price objective on shares of Reynolds Consumer Products from $23.00 to $27.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. Finally, Weiss Ratings raised shares of Reynolds Consumer Products from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 29th. One research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $25.60.

Get Our Latest Analysis on REYN

Reynolds Consumer Products Stock Down 0.1%

REYN opened at $25.47 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.80 and a quick ratio of 0.71. The company’s 50-day moving average is $25.79 and its 200 day moving average is $23.42. Reynolds Consumer Products Inc. has a fifty-two week low of $20.44 and a fifty-two week high of $27.32. The firm has a market capitalization of $5.37 billion, a P/E ratio of 15.53 and a beta of 0.55.

Reynolds Consumer Products (NASDAQ:REYNGet Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02. The business had revenue of $944.00 million during the quarter, compared to the consensus estimate of $935.46 million. Reynolds Consumer Products had a net margin of 9.11% and a return on equity of 16.03%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.39 EPS. Reynolds Consumer Products has set its Q3 2026 guidance at 0.370-0.390 EPS and its FY 2026 guidance at 1.570-1.630 EPS. Research analysts expect that Reynolds Consumer Products Inc. will post 1.59 earnings per share for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $0.92 annualized dividend and a dividend yield of 3.6%. Reynolds Consumer Products’s dividend payout ratio is currently 56.10%.

Reynolds Consumer Products Profile

(Free Report)

Reynolds Consumer Products, Inc (NASDAQ: REYN) is a leading North American manufacturer and marketer of household consumer products. The company specializes in food storage and cooking solutions, including aluminum foil, plastic wrap, food storage containers and disposable tableware. Its core portfolio features well-known brands such as Reynolds Wrap aluminum foil, Hefty storage containers and trash bags, and Fastfold paper plates.

The company operates through a network of manufacturing and distribution facilities across North America, Latin America, Europe and the Asia Pacific region.

Further Reading

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Institutional Ownership by Quarter for Reynolds Consumer Products (NASDAQ:REYN)

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