Vanguard Group Inc. Sells 41,390 Shares of Reynolds Consumer Products Inc. $REYN

Vanguard Group Inc. trimmed its position in Reynolds Consumer Products Inc. (NASDAQ:REYN) by 0.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 6,156,339 shares of the company’s stock after selling 41,390 shares during the period. Vanguard Group Inc. owned about 2.93% of Reynolds Consumer Products worth $141,103,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of REYN. AQR Capital Management LLC increased its position in shares of Reynolds Consumer Products by 163.3% during the third 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 during the last quarter. 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. Jane Street Group LLC raised its stake in shares of Reynolds Consumer Products by 858.3% during the 2nd quarter. Jane Street Group LLC now owns 1,204,840 shares of the company’s stock worth $25,808,000 after purchasing an additional 1,079,116 shares during the period. Gotham Asset Management LLC raised its stake in shares of Reynolds Consumer Products by 182.2% during the 3rd quarter. Gotham Asset Management LLC now owns 1,558,361 shares of the company’s stock worth $38,133,000 after purchasing an additional 1,006,051 shares during the period. Finally, Ameriprise Financial Inc. grew its position in Reynolds Consumer Products by 3,783.5% during the third quarter. Ameriprise Financial Inc. now owns 749,982 shares of the company’s stock valued at $18,352,000 after buying an additional 730,670 shares during the period. Institutional investors own 26.81% of the company’s stock.

Analysts Set New Price Targets

REYN has been the topic of several research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Reynolds Consumer Products in a research report on Monday, April 27th. 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 report on Friday, April 17th. Zacks Research raised shares of Reynolds Consumer Products from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Canaccord Genuity Group dropped their price objective on Reynolds Consumer Products from $27.00 to $24.00 and set a “hold” rating on the stock in a research note on Monday, January 26th. Finally, Barclays reduced their price objective on Reynolds Consumer Products from $25.00 to $24.00 and set an “equal weight” rating for the company in a report on Tuesday, April 14th. Seven research analysts have rated the stock with a Hold rating, According to MarketBeat, Reynolds Consumer Products has an average rating of “Hold” and a consensus price target of $23.60.

Reynolds Consumer Products Stock Down 1.3%

REYN stock opened at $21.60 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 1.79 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $4.55 billion, a PE ratio of 13.76 and a beta of 0.57. Reynolds Consumer Products Inc. has a twelve month low of $20.44 and a twelve month high of $26.25. The stock has a 50-day simple moving average of $21.64 and a two-hundred day simple moving average of $23.11.

Reynolds Consumer Products (NASDAQ:REYN) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. The company had revenue of $877.00 million during the quarter, compared to analyst estimates of $822.42 million. Reynolds Consumer Products had a net margin of 8.70% and a return on equity of 16.05%. Reynolds Consumer Products’s revenue was up 7.2% compared to the same quarter last year. During the same period last year, the business 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, equities analysts predict that Reynolds Consumer Products Inc. will post 1.61 EPS for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Friday, May 15th. Reynolds Consumer Products’s payout ratio is 58.60%.

Insider Activity at Reynolds Consumer Products

In other news, Director Rolf Stangl purchased 4,705 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The shares were purchased at an average price of $21.06 per share, with a total value of $99,087.30. Following the completion of the acquisition, the director owned 39,537 shares in the company, valued at $832,649.22. This trade represents a 13.51% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.37% of the stock is owned by company insiders.

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.