Reynolds Consumer Products Inc. $REYN Shares Sold by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. decreased its position in Reynolds Consumer Products Inc. (NASDAQ:REYN) by 53.5% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 126,170 shares of the company’s stock after selling 145,004 shares during the period. Goldman Sachs Group Inc. owned about 0.06% of Reynolds Consumer Products worth $3,010,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of REYN. Cerity Partners LLC lifted its position in shares of Reynolds Consumer Products by 418.8% during the first quarter. Cerity Partners LLC now owns 61,821 shares of the company’s stock worth $1,475,000 after purchasing an additional 49,904 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Reynolds Consumer Products by 1,493.1% during the first quarter. GAMMA Investing LLC now owns 20,233 shares of the company’s stock worth $483,000 after purchasing an additional 18,963 shares during the last quarter. Vanguard Group Inc. lifted its stake in Reynolds Consumer Products by 2.7% in the first quarter. Vanguard Group Inc. now owns 6,002,580 shares of the company’s stock valued at $143,222,000 after acquiring an additional 159,522 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Reynolds Consumer Products by 5.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 281,648 shares of the company’s stock worth $6,720,000 after buying an additional 14,244 shares during the last quarter. Finally, Hunter Perkins Capital Management LLC bought a new position in Reynolds Consumer Products during the first quarter worth about $649,000. Institutional investors own 26.81% of the company’s stock.

Wall Street Analyst Weigh In

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

Reynolds Consumer Products Price Performance

REYN stock opened at $22.79 on Friday. The company has a current ratio of 1.85, a quick ratio of 0.75 and a debt-to-equity ratio of 0.75. Reynolds Consumer Products Inc. has a 12-month low of $20.91 and a 12-month high of $32.21. The stock has a 50-day moving average price of $22.67 and a two-hundred day moving average price of $22.73. The company has a market cap of $4.79 billion, a PE ratio of 15.30 and a beta of 0.61.

Reynolds Consumer Products (NASDAQ:REYN) last posted its earnings results on Wednesday, July 30th. The company reported $0.39 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 company had revenue of $938.00 million during the quarter, compared to analyst estimates of $899.05 million. During the same period in the prior year, the company earned $0.46 earnings per share. The business’s 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, research analysts predict that Reynolds Consumer Products Inc. will post 1.66 EPS for the current year.

Reynolds Consumer Products Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were given a dividend of $0.23 per share. The ex-dividend date was Friday, August 15th. This represents a $0.92 annualized dividend and a dividend yield of 4.0%. Reynolds Consumer Products’s payout ratio is presently 61.74%.

Insider Activity at Reynolds Consumer Products

In related news, Director Duncan Hawkesby bought 159,506 shares of Reynolds Consumer Products stock in a transaction that occurred on Tuesday, August 26th. The stock was purchased at an average cost of $22.99 per share, with a total value of $3,667,042.94. Following the purchase, 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders have acquired 231,092 shares of company stock valued at $5,316,902. 0.15% of the stock is owned by corporate insiders.

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.