153,230 Shares in Reynolds Consumer Products Inc. $REYN Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC purchased a new stake in Reynolds Consumer Products Inc. (NASDAQ:REYN) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 153,230 shares of the company’s stock, valued at approximately $3,517,000.

A number of other hedge funds have also added to or reduced their stakes in REYN. Larson Financial Group LLC increased its holdings in Reynolds Consumer Products by 70.4% during the 4th quarter. Larson Financial Group LLC now owns 1,264 shares of the company’s stock worth $29,000 after purchasing an additional 522 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Reynolds Consumer Products by 127.7% in the fourth quarter. Farther Finance Advisors LLC now owns 1,391 shares of the company’s stock valued at $32,000 after purchasing an additional 780 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Reynolds Consumer Products by 199,400.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,995 shares of the company’s stock valued at $46,000 after purchasing an additional 1,994 shares in the last quarter. Rothschild Investment LLC boosted its position in shares of Reynolds Consumer Products by 67.3% during the fourth quarter. Rothschild Investment LLC now owns 2,181 shares of the company’s stock valued at $50,000 after buying an additional 877 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in shares of Reynolds Consumer Products by 74.6% during the fourth quarter. Royal Bank of Canada now owns 2,163 shares of the company’s stock valued at $50,000 after buying an additional 924 shares during the last quarter. Institutional investors and hedge funds own 26.81% of the company’s stock.

Reynolds Consumer Products Price Performance

Shares of NASDAQ:REYN opened at $26.82 on Monday. Reynolds Consumer Products Inc. has a 1 year low of $20.44 and a 1 year high of $26.92. The company has a market capitalization of $5.65 billion, a PE ratio of 17.08 and a beta of 0.58. The business has a fifty day moving average price of $22.29 and a two-hundred day moving average price of $22.72. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.79 and a quick ratio of 0.76.

Reynolds Consumer Products (NASDAQ:REYN) last released its earnings results on Wednesday, May 6th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. The company had revenue of $877.00 million for 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 revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.23 EPS. 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. Analysts forecast that Reynolds Consumer Products Inc. will post 1.59 earnings per share for the current year.

Reynolds Consumer Products Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were paid a $0.23 dividend. 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 presently 58.60%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on REYN shares. Royal Bank Of Canada set a $24.00 price target on Reynolds Consumer Products and gave the company a “sector perform” rating in a research report on Thursday, April 9th. Zacks Research raised shares of Reynolds Consumer Products from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. JPMorgan Chase & Co. reduced 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. UBS Group 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 report on Tuesday, April 7th. Finally, Barclays dropped their price target 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, Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $23.60.

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.