Reynolds Consumer Products Inc. $REYN Shares Purchased by Edgestream Partners L.P.

Edgestream Partners L.P. boosted its holdings in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) by 350.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 277,276 shares of the company’s stock after buying an additional 215,663 shares during the period. Edgestream Partners L.P. owned approximately 0.13% of Reynolds Consumer Products worth $5,939,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of REYN. First Horizon Advisors Inc. increased 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 during the period. GAMMA Investing LLC increased its holdings 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 valued at $60,000 after purchasing an additional 1,966 shares during the period. Caitong International Asset Management Co. Ltd raised its stake 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 purchasing an additional 3,320 shares during the last quarter. Parallel Advisors LLC lifted 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 worth $73,000 after purchasing an additional 3,233 shares during the period. Finally, Covestor Ltd boosted its position 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 buying an additional 513 shares during the last quarter. Institutional investors and hedge funds own 26.81% of the company’s stock.

Reynolds Consumer Products Stock Down 1.3%

NASDAQ REYN opened at $24.28 on Wednesday. The business has a fifty day moving average price of $24.19 and a 200 day moving average price of $22.96. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.80 and a current ratio of 1.94. The company has a market cap of $5.11 billion, a P/E ratio of 16.63 and a beta of 0.55. Reynolds Consumer Products Inc. has a one year low of $20.91 and a one year high of $28.66.

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

Reynolds Consumer Products Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $0.92 dividend on an annualized basis and a yield of 3.8%. Reynolds Consumer Products’s payout ratio is 63.01%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on REYN shares. Royal Bank Of Canada increased their price target on Reynolds Consumer Products from $25.00 to $28.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 30th. UBS Group raised their target price on Reynolds Consumer Products from $25.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, October 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Reynolds Consumer Products in a report on Friday, October 31st. Zacks Research raised shares of Reynolds Consumer Products from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Finally, Canaccord Genuity Group lifted their target price on shares of Reynolds Consumer Products from $25.00 to $27.00 and gave the company a “hold” rating in a report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Reynolds Consumer Products presently has an average rating of “Hold” and a consensus price target of $26.75.

Reynolds Consumer Products Company 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.