Legal & General Group Plc acquired a new stake in Reynolds Consumer Products Inc. (NASDAQ:REYN – Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 121,169 shares of the company’s stock, valued at approximately $3,253,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Larson Financial Group LLC increased its position in Reynolds Consumer Products by 70.4% during the fourth quarter. Larson Financial Group LLC now owns 1,264 shares of the company’s stock worth $29,000 after acquiring an additional 522 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Reynolds Consumer Products in the 2nd quarter valued at about $31,000. Farther Finance Advisors LLC boosted its holdings in Reynolds Consumer Products by 127.7% in the 4th quarter. Farther Finance Advisors LLC now owns 1,391 shares of the company’s stock valued at $32,000 after purchasing an additional 780 shares during the period. Global Retirement Partners LLC acquired a new position in shares of Reynolds Consumer Products during the 2nd quarter worth approximately $34,000. Finally, SJS Investment Consulting Inc. grew its position in shares of Reynolds Consumer Products by 4,657.9% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,808 shares of the company’s stock worth $38,000 after purchasing an additional 1,770 shares in the last quarter. Institutional investors and hedge funds own 26.81% of the company’s stock.
Wall Street Analysts Forecast Growth
REYN has been the subject of a number of analyst reports. Weiss Ratings upgraded shares of Reynolds Consumer Products from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 29th. JPMorgan Chase & Co. raised their price objective on Reynolds Consumer Products from $23.00 to $27.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Barclays upped their target price on 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. UBS Group increased their target price on Reynolds Consumer Products from $23.00 to $27.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. Finally, Canaccord Genuity Group raised their price target on Reynolds Consumer Products from $24.00 to $25.00 and gave the stock a “hold” rating in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Reynolds Consumer Products has an average rating of “Hold” and a consensus price target of $25.60.
Reynolds Consumer Products Trading Up 0.1%
Shares of REYN opened at $21.85 on Friday. Reynolds Consumer Products Inc. has a 52-week low of $20.44 and a 52-week high of $27.32. The business’s fifty day moving average is $25.58 and its 200-day moving average is $23.45. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.71 and a current ratio of 1.80. The firm has a market cap of $4.61 billion, a price-to-earnings ratio of 13.32 and a beta of 0.54.
Reynolds Consumer Products (NASDAQ:REYN – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 16.03% and a net margin of 9.11%.Reynolds Consumer Products’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the prior year, the company earned $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. Equities analysts anticipate that Reynolds Consumer Products Inc. will post 1.59 EPS for the current fiscal year.
Reynolds Consumer Products Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 17th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Monday, August 17th. Reynolds Consumer Products’s dividend payout ratio (DPR) is presently 56.10%.
About Reynolds Consumer Products
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.
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