Zurich Insurance Group Ltd FI Acquires New Position in Reynolds Consumer Products Inc. $REYN

Zurich Insurance Group Ltd FI acquired a new stake in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 48,400 shares of the company’s stock, valued at approximately $1,155,000.

Several other institutional investors and hedge funds have also modified their holdings of REYN. Price T Rowe Associates Inc. MD lifted its stake in shares of Reynolds Consumer Products by 19.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,168 shares of the company’s stock worth $464,000 after purchasing an additional 2,837 shares during the period. Northern Trust Corp lifted its stake in shares of Reynolds Consumer Products by 49.1% during the 4th quarter. Northern Trust Corp now owns 350,398 shares of the company’s stock worth $9,457,000 after purchasing an additional 115,399 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Reynolds Consumer Products by 214.8% during the 4th quarter. Ameriprise Financial Inc. now owns 20,870 shares of the company’s stock worth $563,000 after purchasing an additional 14,241 shares during the period. BNP Paribas Financial Markets purchased a new position in shares of Reynolds Consumer Products during the 4th quarter worth $1,605,000. Finally, Deutsche Bank AG lifted its stake in shares of Reynolds Consumer Products by 35.8% during the 4th quarter. Deutsche Bank AG now owns 7,247 shares of the company’s stock worth $196,000 after purchasing an additional 1,910 shares during the period. Hedge funds and other institutional investors own 26.81% of the company’s stock.

Insider Buying and Selling at Reynolds Consumer Products

In related news, Director Duncan Hawkesby purchased 159,506 shares of the stock in a transaction that occurred on Tuesday, August 26th. The stock was purchased at an average cost of $22.99 per share, for a total transaction of $3,667,042.94. Following the acquisition, the director owned 334,092 shares in the company, valued at approximately $7,680,775.08. This trade represents a 91.36% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rolf Stangl purchased 4,500 shares of the stock in a transaction that occurred on Friday, June 20th. The stock was bought at an average price of $21.24 per share, with a total value of $95,580.00. Following the completion of the acquisition, the director owned 30,889 shares in the company, valued at $656,082.36. This represents a 17.05% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 235,592 shares of company stock valued at $5,412,482. 0.15% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Barclays increased their price target on Reynolds Consumer Products from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Friday, August 1st. UBS Group increased their price target on shares of Reynolds Consumer Products from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, July 31st. Finally, Wall Street Zen raised shares of Reynolds Consumer Products from a “sell” rating to a “hold” rating in a research note on Friday, May 30th. Two research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $26.75.

Reynolds Consumer Products Stock Performance

Shares of REYN stock opened at $23.07 on Wednesday. The company’s fifty day simple moving average is $22.47 and its 200-day simple moving average is $22.81. Reynolds Consumer Products Inc. has a 52 week low of $20.91 and a 52 week high of $32.60. The company has a current ratio of 1.85, a quick ratio of 0.75 and a debt-to-equity ratio of 0.75. The company has a market cap of $4.85 billion, a PE ratio of 15.48 and a beta of 0.61.

Reynolds Consumer Products (NASDAQ:REYN) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.01. Reynolds Consumer Products had a return on equity of 16.00% and a net margin of 8.44%.The firm had revenue of $938.00 million during the quarter, compared to the consensus estimate of $899.05 million. During the same period in the prior year, the firm earned $0.46 EPS. The firm’s quarterly revenue was up .9% compared to the same quarter last year. Reynolds Consumer Products has set its Q3 2025 guidance at 0.370-0.410 EPS. FY 2025 guidance at 1.540-1.610 EPS. As a group, equities research analysts anticipate that Reynolds Consumer Products Inc. will post 1.66 EPS for the current year.

Reynolds Consumer Products Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 4.0%. The ex-dividend date was Friday, August 15th. Reynolds Consumer Products’s dividend payout ratio is currently 61.74%.

Reynolds Consumer Products Profile

Reynolds Consumer Products Inc produces and sells products in cooking, waste and storage, and tableware product categories in the United States and internationally. It operates through four segments: Reynolds Cooking & Baking, Hefty Waste & Storage, Hefty Tableware, and Presto Products. The Reynolds Cooking & Baking segment produces aluminum foil, disposable aluminum pans, parchment paper, freezer paper, wax paper, butcher paper, plastic wrap, baking cups, oven bags, and slow cooker liners under the Reynolds Wrap, Reynolds KITCHENS, and EZ Foil brands in the United States, as well as under the ALCAN brand in Canada and under the Diamond brand internationally.