Fifth Third Bancorp Buys 95,962 Shares of Reynolds Consumer Products Inc. $REYN

Fifth Third Bancorp grew its position in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) by 25,865.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 96,333 shares of the company’s stock after buying an additional 95,962 shares during the quarter. Fifth Third Bancorp’s holdings in Reynolds Consumer Products were worth $2,040,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Jackson Creek Investment Advisors LLC bought a new position in Reynolds Consumer Products in the fourth quarter valued at about $1,730,000. SG Americas Securities LLC increased its position in shares of 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 last quarter. Landscape Capital Management L.L.C. purchased a new stake in shares of Reynolds Consumer Products during the 4th quarter valued at about $2,417,000. Dean Capital Management lifted its stake in shares of Reynolds Consumer Products by 48.2% in the 4th quarter. Dean Capital Management now owns 155,712 shares of the company’s stock worth $3,569,000 after purchasing an additional 50,673 shares during the period. Finally, Kera Capital Partners Inc. bought a new position in shares of Reynolds Consumer Products in the 4th quarter worth approximately $579,000. 26.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

REYN has been the topic of several analyst reports. Royal Bank Of Canada set a $24.00 price target on shares of Reynolds Consumer Products and gave the stock a “sector perform” rating in a research note on Thursday, April 9th. Zacks Research raised Reynolds Consumer Products from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. UBS Group lifted their target price on Reynolds Consumer Products from $23.00 to $27.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Weiss Ratings raised Reynolds Consumer Products from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 29th. Finally, Barclays upped their price target on Reynolds Consumer Products from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Seven equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $25.40.

Reynolds Consumer Products Stock Performance

REYN opened at $25.98 on Thursday. The stock has a market capitalization of $5.48 billion, a price-to-earnings ratio of 16.55 and a beta of 0.54. The company has a fifty day moving average of $24.11 and a 200 day moving average of $23.06. Reynolds Consumer Products Inc. has a fifty-two week low of $20.44 and a fifty-two week high of $27.32. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.76 and a current ratio of 1.79.

Reynolds Consumer Products (NASDAQ:REYN) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.25 by $0.03. Reynolds Consumer Products had a net margin of 8.70% and a return on equity of 16.05%. The business had revenue of $877.00 million for the quarter, compared to analysts’ expectations of $822.42 million. During the same quarter in the previous year, the company earned $0.23 EPS. The business’s quarterly 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. As a group, sell-side analysts forecast that Reynolds Consumer Products Inc. will post 1.59 earnings per share for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Friday, May 15th. Reynolds Consumer Products’s payout ratio is currently 58.60%.

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.