Arrowstreet Capital Limited Partnership Boosts Stake in Reynolds Consumer Products Inc. $REYN

Arrowstreet Capital Limited Partnership raised its stake in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) by 42.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 326,361 shares of the company’s stock after purchasing an additional 96,555 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Reynolds Consumer Products were worth $6,991,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. First Horizon Advisors Inc. increased its holdings in Reynolds Consumer Products by 40.8% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,601 shares of the company’s stock worth $34,000 after acquiring an additional 464 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Reynolds Consumer Products by 231.8% in the second quarter. GAMMA Investing LLC now owns 2,814 shares of the company’s stock worth $60,000 after purchasing an additional 1,966 shares during the period. Caitong International Asset Management Co. Ltd increased its stake in shares of Reynolds Consumer Products by 14,434.8% in the second quarter. Caitong International Asset Management Co. Ltd now owns 3,343 shares of the company’s stock worth $72,000 after purchasing an additional 3,320 shares in the last quarter. Parallel Advisors LLC raised its position in shares of Reynolds Consumer Products by 1,995.7% during the 2nd quarter. Parallel Advisors LLC now owns 3,395 shares of the company’s stock valued at $73,000 after purchasing an additional 3,233 shares during the period. Finally, Blue Trust Inc. raised its position in shares of Reynolds Consumer Products by 1,154.6% during the 2nd quarter. Blue Trust Inc. now owns 4,893 shares of the company’s stock valued at $105,000 after purchasing an additional 4,503 shares during the period. 26.81% of the stock is currently owned by institutional investors.

Reynolds Consumer Products Stock Performance

Shares of NASDAQ:REYN opened at $24.35 on Thursday. The firm has a fifty day simple moving average of $24.24 and a two-hundred day simple moving average of $23.02. The company has a quick ratio of 0.80, a current ratio of 1.94 and a debt-to-equity ratio of 0.74. Reynolds Consumer Products Inc. has a 52 week low of $20.91 and a 52 week high of $28.66. The stock has a market capitalization of $5.12 billion, a P/E ratio of 16.68 and a beta of 0.55.

Reynolds Consumer Products (NASDAQ:REYN) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.42 earnings per share (EPS) 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 company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.41 earnings per share. 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. On average, analysts expect 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 announced a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Friday, November 14th. Reynolds Consumer Products’s dividend payout ratio (DPR) is 63.01%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on REYN shares. Canaccord Genuity Group increased their price target on Reynolds Consumer Products from $25.00 to $27.00 and gave the stock a “hold” rating in a research note on Thursday, October 30th. Royal Bank Of Canada upped their price target on Reynolds Consumer Products from $25.00 to $28.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 30th. UBS Group boosted their target price on shares of Reynolds Consumer Products from $25.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, October 30th. Zacks Research raised shares of Reynolds Consumer Products from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Reynolds Consumer Products in a research note on Friday, October 31st. 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. Based on data from MarketBeat, the company has an average rating of “Hold” and an average 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.