Hsbc Holdings PLC Takes Position in Reynolds Consumer Products Inc. $REYN

Hsbc Holdings PLC purchased a new position in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 153,230 shares of the company’s stock, valued at approximately $3,517,000. Hsbc Holdings PLC owned 0.07% of Reynolds Consumer Products as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Fieldview Capital Management LLC bought a new stake in shares of Reynolds Consumer Products in the 3rd quarter valued at about $1,436,000. Jackson Creek Investment Advisors LLC bought a new position in shares of Reynolds Consumer Products during the fourth quarter worth about $1,730,000. Vanguard Group Inc. lifted its stake in shares of Reynolds Consumer Products by 4.8% in the third quarter. Vanguard Group Inc. now owns 6,197,729 shares of the company’s stock worth $151,658,000 after acquiring an additional 284,643 shares during the period. Kettle Hill Capital Management LLC bought a new stake in Reynolds Consumer Products in the third quarter valued at approximately $1,150,000. Finally, SG Americas Securities LLC increased its position in Reynolds Consumer Products by 1,210.2% during the 4th quarter. SG Americas Securities LLC now owns 1,464,674 shares of the company’s stock valued at $33,570,000 after purchasing an additional 1,352,881 shares during the period. Institutional investors own 26.81% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Zacks Research upgraded shares of Reynolds Consumer Products from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Barclays decreased their price objective on shares of Reynolds Consumer Products from $25.00 to $24.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 14th. JPMorgan Chase & Co. lowered their target price on shares of Reynolds Consumer Products from $26.00 to $23.00 and set a “neutral” rating for the company in a research note on Friday, April 17th. Weiss Ratings lowered shares of Reynolds Consumer Products from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, June 12th. Finally, UBS Group cut their price target on shares of Reynolds Consumer Products from $26.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 7th. Seven research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Reynolds Consumer Products has an average rating of “Hold” and an average price target of $23.60.

Reynolds Consumer Products Price Performance

REYN stock opened at $26.82 on Monday. The stock’s 50 day simple moving average is $22.29 and its 200 day simple moving average is $22.72. Reynolds Consumer Products Inc. has a fifty-two week low of $20.44 and a fifty-two week high of $26.92. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.76 and a current ratio of 1.79. The company has a market cap of $5.65 billion, a P/E ratio of 17.08 and a beta of 0.58.

Reynolds Consumer Products (NASDAQ:REYN) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. The firm had revenue of $877.00 million during the quarter, compared to analysts’ expectations of $822.42 million. Reynolds Consumer Products had a return on equity of 16.05% and a net margin of 8.70%.The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.23 earnings per share. Reynolds Consumer Products has set its FY 2026 guidance at 1.570-1.630 EPS and its Q2 2026 guidance at 0.390-0.43 EPS. On average, research analysts expect that Reynolds Consumer Products Inc. will post 1.59 earnings per share for the current fiscal year.

Reynolds Consumer Products Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Friday, May 15th. Reynolds Consumer Products’s payout ratio is 58.60%.

Reynolds Consumer Products Profile

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.