Signaturefd LLC Has $107,000 Position in Reynolds Consumer Products Inc. $REYN

Signaturefd LLC increased its holdings in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) by 492.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,997 shares of the company’s stock after buying an additional 4,153 shares during the period. Signaturefd LLC’s holdings in Reynolds Consumer Products were worth $107,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Covestor Ltd increased its holdings in Reynolds Consumer Products by 12.3% in the first quarter. Covestor Ltd now owns 4,670 shares of the company’s stock valued at $111,000 after purchasing an additional 513 shares during the period. Royal Bank of Canada grew its position in shares of Reynolds Consumer Products by 1.9% during the 1st quarter. Royal Bank of Canada now owns 94,024 shares of the company’s stock worth $2,244,000 after buying an additional 1,720 shares during the period. GAMMA Investing LLC increased its stake in shares of Reynolds Consumer Products by 231.8% in the 2nd quarter. GAMMA Investing LLC now owns 2,814 shares of the company’s stock valued at $60,000 after acquiring an additional 1,966 shares in the last quarter. Mackenzie Financial Corp boosted its stake in Reynolds Consumer Products by 8.2% during the first quarter. Mackenzie Financial Corp now owns 30,876 shares of the company’s stock worth $737,000 after acquiring an additional 2,329 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in Reynolds Consumer Products by 81.8% in the second quarter. Farther Finance Advisors LLC now owns 5,277 shares of the company’s stock worth $113,000 after purchasing an additional 2,374 shares during the period. 26.81% of the stock is currently owned by institutional investors and hedge funds.

Reynolds Consumer Products Stock Performance

Reynolds Consumer Products stock opened at $24.67 on Friday. Reynolds Consumer Products Inc. has a fifty-two week low of $20.91 and a fifty-two week high of $30.61. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.75 and a current ratio of 1.85. The stock has a market cap of $5.19 billion, a P/E ratio of 16.56 and a beta of 0.60. The firm’s fifty day moving average price is $23.04 and its 200-day moving average price is $22.72.

Reynolds Consumer Products (NASDAQ:REYN) last released its earnings results on Wednesday, July 30th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $938.00 million for the quarter, compared to analysts’ expectations of $899.05 million. During the same quarter in the prior year, the firm earned $0.46 earnings per share. The firm’s revenue was up .9% on a year-over-year basis. Reynolds Consumer Products has set its Q3 2025 guidance at 0.370-0.410 EPS. FY 2025 guidance at 1.540-1.610 EPS. On average, equities research analysts expect that Reynolds Consumer Products Inc. will post 1.66 earnings per share for the current fiscal year.

Reynolds Consumer Products Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.7%. Reynolds Consumer Products’s dividend payout ratio is 61.74%.

Insiders Place Their Bets

In other Reynolds Consumer Products news, Director Duncan Hawkesby purchased 159,506 shares of the business’s stock in a transaction on Tuesday, August 26th. The stock was acquired at an average cost of $22.99 per share, for a total transaction of $3,667,042.94. Following the completion of the transaction, the director directly owned 334,092 shares in the company, valued at approximately $7,680,775.08. This represents a 91.36% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have acquired 231,092 shares of company stock valued at $5,316,902 over the last ninety days. Insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on REYN shares. UBS Group raised their target price on Reynolds Consumer Products from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, July 31st. Barclays upped their target price on Reynolds Consumer Products from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Friday, August 1st. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Reynolds Consumer Products in a research note on Saturday, September 27th. Two equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $26.75.

About Reynolds Consumer Products

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.