Sterling Capital Management LLC Trims Holdings in Reynolds Consumer Products Inc. $REYN

Sterling Capital Management LLC decreased its position in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) by 84.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,606 shares of the company’s stock after selling 66,035 shares during the period. Sterling Capital Management LLC’s holdings in Reynolds Consumer Products were worth $267,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Louisiana State Employees Retirement System purchased a new stake in shares of Reynolds Consumer Products in the first quarter worth $515,000. Rockefeller Capital Management L.P. lifted its stake in shares of Reynolds Consumer Products by 119.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,794 shares of the company’s stock valued at $41,000 after buying an additional 978 shares in the last quarter. Corient Private Wealth LLC bought a new position in Reynolds Consumer Products in the 4th quarter worth $765,000. Hsbc Holdings PLC bought a new position in Reynolds Consumer Products in the 4th quarter worth $3,517,000. Finally, Caitong International Asset Management Co. Ltd increased its stake in Reynolds Consumer Products by 199,400.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,995 shares of the company’s stock worth $46,000 after buying an additional 1,994 shares in the last quarter. Hedge funds and other institutional investors own 26.81% of the company’s stock.

Reynolds Consumer Products Price Performance

Shares of Reynolds Consumer Products stock opened at $27.18 on Monday. The firm has a market cap of $5.73 billion, a PE ratio of 17.31 and a beta of 0.54. The stock has a 50 day moving average of $22.85 and a 200 day moving average of $22.82. The company has a current ratio of 1.79, a quick ratio of 0.76 and a debt-to-equity ratio of 0.68. Reynolds Consumer Products Inc. has a 12 month low of $20.44 and a 12 month high of $27.32.

Reynolds Consumer Products (NASDAQ:REYN) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. Reynolds Consumer Products had a return on equity of 16.05% and a net margin of 8.70%.The business had revenue of $877.00 million for the quarter, compared to the consensus estimate of $822.42 million. During the same quarter in the previous year, the company posted $0.23 EPS. The company’s revenue was up 7.2% compared to the same quarter last year. 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 EPS for the current fiscal year.

Reynolds Consumer Products Announces Dividend

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

Analyst Upgrades and Downgrades

REYN has been the topic of several research analyst reports. Royal Bank Of Canada set a $24.00 price objective on Reynolds Consumer Products and gave the company a “sector perform” rating in a research report on Thursday, April 9th. Weiss Ratings upgraded Reynolds Consumer Products from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 29th. JPMorgan Chase & Co. decreased their target price on Reynolds Consumer Products from $26.00 to $23.00 and set a “neutral” rating on the stock in a research note on Friday, April 17th. UBS Group dropped their price target on Reynolds Consumer Products from $26.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, April 7th. Finally, Barclays reduced their price objective on shares of Reynolds Consumer Products from $25.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 14th. Seven investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $23.60.

Reynolds Consumer Products Company 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.