Reynolds Consumer Products Inc. $REYN Stock Position Lifted by First Trust Advisors LP

First Trust Advisors LP raised its stake in Reynolds Consumer Products Inc. (NASDAQ:REYN) by 8.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,329,337 shares of the company’s stock after buying an additional 182,772 shares during the quarter. First Trust Advisors LP’s holdings in Reynolds Consumer Products were worth $49,335,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. AQR Capital Management LLC grew its holdings in shares of Reynolds Consumer Products by 163.3% during the 3rd quarter. AQR Capital Management LLC now owns 4,951,190 shares of the company’s stock valued at $121,156,000 after acquiring an additional 3,071,015 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of Reynolds Consumer Products by 858.3% during the second quarter. Jane Street Group LLC now owns 1,204,840 shares of the company’s stock worth $25,808,000 after acquiring an additional 1,079,116 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Reynolds Consumer Products by 3,783.5% during the third quarter. Ameriprise Financial Inc. now owns 749,982 shares of the company’s stock worth $18,352,000 after acquiring an additional 730,670 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Reynolds Consumer Products by 17.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,425,029 shares of the company’s stock valued at $101,426,000 after purchasing an additional 649,120 shares during the last quarter. Finally, Norges Bank acquired a new stake in Reynolds Consumer Products during the fourth quarter valued at $12,806,000. Hedge funds and other institutional investors own 26.81% of the company’s stock.

Reynolds Consumer Products Price Performance

NASDAQ REYN opened at $25.61 on Monday. Reynolds Consumer Products Inc. has a fifty-two week low of $20.44 and a fifty-two week high of $27.32. The stock’s 50-day moving average is $24.27 and its two-hundred day moving average is $23.10. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.79 and a quick ratio of 0.76. The firm has a market cap of $5.40 billion, a P/E ratio of 16.31 and a beta of 0.54.

Reynolds Consumer Products (NASDAQ:REYN) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. The company 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 business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $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, analysts anticipate that Reynolds Consumer Products Inc. will post 1.59 earnings per share for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 3.6%. The ex-dividend date is Monday, August 17th. Reynolds Consumer Products’s payout ratio is 58.60%.

Wall Street Analysts Forecast Growth

REYN has been the topic of several research reports. Royal Bank Of Canada set a $24.00 target price on Reynolds Consumer Products and gave the stock a “sector perform” rating in a research report on Thursday, April 9th. Zacks Research upgraded Reynolds Consumer Products from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Barclays boosted their price target on Reynolds Consumer Products from $24.00 to $25.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 21st. JPMorgan Chase & Co. increased their price objective on Reynolds Consumer Products from $23.00 to $27.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. Finally, Weiss Ratings upgraded Reynolds Consumer Products from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 29th. Seven research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $25.40.

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.