Reynolds Consumer Products Inc. $REYN Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lowered its position in Reynolds Consumer Products Inc. (NASDAQ:REYN) by 34.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,113 shares of the company’s stock after selling 23,368 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Reynolds Consumer Products were worth $1,079,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Vanguard Personalized Indexing Management LLC boosted its position in Reynolds Consumer Products by 146.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 26,350 shares of the company’s stock worth $564,000 after purchasing an additional 15,673 shares during the period. Signaturefd LLC lifted its stake in shares of Reynolds Consumer Products by 492.1% in the second quarter. Signaturefd LLC now owns 4,997 shares of the company’s stock worth $107,000 after buying an additional 4,153 shares during the last quarter. Clifford Capital Partners LLC boosted its holdings in shares of Reynolds Consumer Products by 4,507.2% during the 2nd quarter. Clifford Capital Partners LLC now owns 707,853 shares of the company’s stock worth $15,162,000 after buying an additional 692,489 shares during the period. CWM LLC grew its stake in Reynolds Consumer Products by 350.7% in the 3rd quarter. CWM LLC now owns 122,763 shares of the company’s stock valued at $3,004,000 after buying an additional 95,524 shares during the last quarter. Finally, Edgestream Partners L.P. raised its holdings in Reynolds Consumer Products by 350.0% in the 2nd quarter. Edgestream Partners L.P. now owns 277,276 shares of the company’s stock worth $5,939,000 after acquiring an additional 215,663 shares during the period. 26.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on REYN. Canaccord Genuity Group raised their target price on Reynolds Consumer Products from $25.00 to $27.00 and gave the company a “hold” rating in a report on Thursday, October 30th. Royal Bank Of Canada increased their price objective on Reynolds Consumer Products from $25.00 to $28.00 and gave the company a “sector perform” rating in a research report on Thursday, October 30th. Zacks Research lowered shares of Reynolds Consumer Products from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 30th. UBS Group upped their target price on shares of Reynolds Consumer Products from $25.00 to $26.00 and gave the company a “neutral” rating in a research note on Thursday, October 30th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Reynolds Consumer Products in a research report on Friday, October 31st. Two investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $26.75.

Reynolds Consumer Products Stock Performance

Reynolds Consumer Products stock opened at $23.72 on Friday. The company has a market cap of $4.99 billion, a PE ratio of 16.25 and a beta of 0.57. The company has a current ratio of 1.94, a quick ratio of 0.80 and a debt-to-equity ratio of 0.74. Reynolds Consumer Products Inc. has a 1 year low of $20.91 and a 1 year high of $28.22. The company’s 50-day moving average is $24.02 and its two-hundred day moving average is $23.29.

Reynolds Consumer Products (NASDAQ:REYN) last posted its earnings results on Wednesday, October 29th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.03. The company had revenue of $931.00 million during the quarter, compared to analyst estimates 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 revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company 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. Equities analysts anticipate that Reynolds Consumer Products Inc. will post 1.66 earnings per share for the current year.

Reynolds Consumer Products Announces Dividend

The firm also recently announced 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. The ex-dividend date was Friday, November 14th. This represents a $0.92 annualized dividend and a yield of 3.9%. Reynolds Consumer Products’s dividend payout ratio is presently 63.01%.

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.