Reynolds Consumer Products Inc. $REYN Position Reduced by Ceredex Value Advisors LLC

Ceredex Value Advisors LLC trimmed its position in Reynolds Consumer Products Inc. (NASDAQ:REYN) by 21.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 429,750 shares of the company’s stock after selling 116,079 shares during the quarter. Ceredex Value Advisors LLC owned approximately 0.20% of Reynolds Consumer Products worth $9,205,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. First Horizon Advisors Inc. lifted its position in shares of Reynolds Consumer Products by 40.8% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,601 shares of the company’s stock valued at $34,000 after acquiring an additional 464 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Reynolds Consumer Products by 231.8% in the second quarter. GAMMA Investing LLC now owns 2,814 shares of the company’s stock worth $60,000 after buying an additional 1,966 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in shares of Reynolds Consumer Products by 14,434.8% in the second quarter. Caitong International Asset Management Co. Ltd now owns 3,343 shares of the company’s stock worth $72,000 after buying an additional 3,320 shares during the period. Parallel Advisors LLC grew its holdings in shares of Reynolds Consumer Products by 1,995.7% during the second quarter. Parallel Advisors LLC now owns 3,395 shares of the company’s stock valued at $73,000 after buying an additional 3,233 shares in the last quarter. Finally, Covestor Ltd raised its position in Reynolds Consumer Products by 12.3% during the first quarter. Covestor Ltd now owns 4,670 shares of the company’s stock valued at $111,000 after buying an additional 513 shares during the period. 26.81% of the stock is owned by hedge funds and other institutional investors.

Reynolds Consumer Products Trading Up 0.5%

Shares of NASDAQ:REYN opened at $24.97 on Friday. The company has a current ratio of 1.94, a quick ratio of 0.80 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $5.25 billion, a PE ratio of 17.10 and a beta of 0.58. Reynolds Consumer Products Inc. has a 1 year low of $20.91 and a 1 year high of $28.66. The firm has a fifty day moving average price of $24.14 and a 200 day moving average price of $22.94.

Reynolds Consumer Products (NASDAQ:REYN) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. The company had revenue of $931.00 million during the quarter, compared to analysts’ expectations of $900.12 million. Reynolds Consumer Products had a return on equity of 15.88% and a net margin of 8.20%.The business’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.41 earnings per share. Reynolds Consumer Products has set its FY 2025 guidance at 1.400-1.440 EPS. Q4 2025 guidance at 0.520-0.560 EPS. Analysts expect that Reynolds Consumer Products Inc. will post 1.66 EPS for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 3.7%. The ex-dividend date was Friday, November 14th. Reynolds Consumer Products’s dividend payout ratio (DPR) is 63.01%.

Analyst Ratings Changes

A number of equities research analysts have commented on REYN shares. Zacks Research upgraded Reynolds Consumer Products from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. Barclays increased their price target on shares of 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. Canaccord Genuity Group upped their price objective on shares of Reynolds Consumer Products from $25.00 to $27.00 and gave the company a “hold” rating in a research note on Thursday, October 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Reynolds Consumer Products in a research report on Friday, October 31st. Finally, Royal Bank Of Canada boosted their price target on shares of Reynolds Consumer Products from $25.00 to $28.00 and gave the company a “sector perform” rating in a report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Reynolds Consumer Products presently has a consensus rating of “Hold” and an average target price 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.