Bleakley Financial Group LLC Buys 65,207 Shares of Reynolds Consumer Products Inc. $REYN

Bleakley Financial Group LLC grew its stake in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) by 98.6% in the 1st quarter, HoldingsChannel.com reports. The fund owned 131,327 shares of the company’s stock after acquiring an additional 65,207 shares during the period. Bleakley Financial Group LLC’s holdings in Reynolds Consumer Products were worth $2,782,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. AQR Capital Management LLC increased its stake 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 buying an additional 3,071,015 shares during the period. Dimensional Fund Advisors LP lifted its stake in Reynolds Consumer Products by 17.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,425,029 shares of the company’s stock worth $101,426,000 after acquiring an additional 649,120 shares during the period. SG Americas Securities LLC lifted its stake in Reynolds Consumer Products by 1,210.2% in the fourth quarter. SG Americas Securities LLC now owns 1,464,674 shares of the company’s stock worth $33,570,000 after acquiring an additional 1,352,881 shares during the period. Jane Street Group LLC grew its holdings in 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 acquiring an additional 1,079,116 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in Reynolds Consumer Products by 53.3% during the 4th quarter. Millennium Management LLC now owns 1,034,668 shares of the company’s stock worth $23,715,000 after acquiring an additional 359,846 shares in the last quarter. Hedge funds and other institutional investors own 26.81% of the company’s stock.

Reynolds Consumer Products Stock Performance

NASDAQ:REYN opened at $26.20 on Thursday. The company has a market capitalization of $5.52 billion, a P/E ratio of 16.69 and a beta of 0.54. The company has a current ratio of 1.79, a quick ratio of 0.76 and a debt-to-equity ratio of 0.68. Reynolds Consumer Products Inc. has a 12 month low of $20.44 and a 12 month high of $27.32. The firm has a fifty day simple moving average of $23.67 and a 200-day simple moving average of $22.96.

Reynolds Consumer Products (NASDAQ:REYN) last issued its earnings results on Wednesday, May 6th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. Reynolds Consumer Products had a return on equity of 16.05% and a net margin of 8.70%.The firm had revenue of $877.00 million for the quarter, compared to analyst estimates of $822.42 million. During the same quarter in the prior year, the firm earned $0.23 earnings per share. Reynolds Consumer Products’s revenue for the quarter was up 7.2% on a year-over-year basis. 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 research analysts anticipate that Reynolds Consumer Products Inc. will post 1.59 earnings per share for the current year.

Reynolds Consumer Products Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, May 15th. Reynolds Consumer Products’s dividend payout ratio is 58.60%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on REYN shares. Royal Bank Of Canada set a $24.00 price target on shares of Reynolds Consumer Products and gave the company a “sector perform” rating in a report on Thursday, April 9th. 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 report on Friday, April 17th. Zacks Research raised shares of Reynolds Consumer Products from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. UBS Group lowered their price target on shares of Reynolds Consumer Products from $26.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, April 7th. Finally, Weiss Ratings raised shares of Reynolds Consumer Products from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 29th. Seven equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Reynolds Consumer Products presently has a consensus rating of “Hold” and an average 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.