Franklin Resources Inc. Acquires Shares of 34,411 Reynolds Consumer Products Inc. $REYN

Franklin Resources Inc. bought a new position in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 34,411 shares of the company’s stock, valued at approximately $737,000.

Several other institutional investors have also modified their holdings of the business. Vanguard Personalized Indexing Management LLC boosted its holdings in Reynolds Consumer Products by 146.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 26,350 shares of the company’s stock valued at $564,000 after purchasing an additional 15,673 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Reynolds Consumer Products by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 6,002,580 shares of the company’s stock valued at $143,222,000 after purchasing an additional 159,522 shares in the last quarter. Signaturefd LLC raised its position in shares of Reynolds Consumer Products by 492.1% in the 2nd quarter. Signaturefd LLC now owns 4,997 shares of the company’s stock valued at $107,000 after purchasing an additional 4,153 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Reynolds Consumer Products by 2.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 607,090 shares of the company’s stock valued at $14,485,000 after purchasing an additional 15,184 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI acquired a new position in shares of Reynolds Consumer Products in the 1st quarter valued at approximately $1,155,000. Institutional investors and hedge funds own 26.81% of the company’s stock.

Reynolds Consumer Products Stock Performance

REYN opened at $24.01 on Monday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.80 and a current ratio of 1.94. The company has a market cap of $5.05 billion, a PE ratio of 16.45 and a beta of 0.55. The stock has a 50-day moving average of $24.25 and a 200-day moving average of $22.99. Reynolds Consumer Products Inc. has a 52-week low of $20.91 and a 52-week high of $28.66.

Reynolds Consumer Products (NASDAQ:REYN) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. The business had revenue of $931.00 million for the quarter, compared to the consensus estimate of $900.12 million. Reynolds Consumer Products had a return on equity of 15.88% and a net margin of 8.20%.The firm’s revenue was up 2.3% compared to the same quarter last year. During the same period last year, the business earned $0.41 EPS. Reynolds Consumer Products has set its FY 2025 guidance at 1.400-1.440 EPS and its Q4 2025 guidance at 0.520-0.560 EPS. As a group, equities research analysts forecast that Reynolds Consumer Products Inc. will post 1.66 earnings per share for the current fiscal year.

Reynolds Consumer Products Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 14th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, November 14th. Reynolds Consumer Products’s dividend payout ratio is currently 63.01%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on REYN. Zacks Research upgraded shares of Reynolds Consumer Products from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Canaccord Genuity Group increased their price objective on Reynolds Consumer Products from $25.00 to $27.00 and gave the stock a “hold” rating in a report on Thursday, October 30th. Royal Bank Of Canada lifted their price target on Reynolds Consumer Products from $25.00 to $28.00 and gave the company a “sector perform” rating in a report on Thursday, October 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Reynolds Consumer Products in a research note on Friday, October 31st. Finally, UBS Group raised their price objective on shares of Reynolds Consumer Products from $25.00 to $26.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $26.75.

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.