First Trust Advisors LP Increases Stock Position in Reynolds Consumer Products Inc. $REYN

First Trust Advisors LP increased its holdings in Reynolds Consumer Products Inc. (NASDAQ:REYN) by 13.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,521,685 shares of the company’s stock after buying an additional 306,936 shares during the period. First Trust Advisors LP owned 1.20% of Reynolds Consumer Products worth $54,015,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its position in shares of Reynolds Consumer Products by 583.6% during the second quarter. EverSource Wealth Advisors LLC now owns 5,455 shares of the company’s stock worth $117,000 after acquiring an additional 4,657 shares in the last quarter. Invesco Ltd. raised its stake in shares of Reynolds Consumer Products by 10.0% during the 2nd quarter. Invesco Ltd. now owns 165,611 shares of the company’s stock valued at $3,547,000 after purchasing an additional 15,047 shares during the period. Isthmus Partners LLC lifted its holdings in Reynolds Consumer Products by 2.8% during the 2nd quarter. Isthmus Partners LLC now owns 92,644 shares of the company’s stock worth $1,984,000 after purchasing an additional 2,528 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Reynolds Consumer Products by 42.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 326,361 shares of the company’s stock worth $6,991,000 after purchasing an additional 96,555 shares during the period. Finally, Edgestream Partners L.P. boosted its stake in Reynolds Consumer Products by 350.0% in the 2nd quarter. Edgestream Partners L.P. now owns 277,276 shares of the company’s stock worth $5,939,000 after purchasing an additional 215,663 shares during the period. 26.81% of the stock is currently owned by hedge funds and other institutional investors.

Reynolds Consumer Products Stock Performance

Reynolds Consumer Products stock opened at $24.01 on Monday. Reynolds Consumer Products Inc. has a fifty-two week low of $20.91 and a fifty-two week high of $28.66. 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 stock has a market cap of $5.05 billion, a P/E ratio of 16.45 and a beta of 0.55. The firm’s fifty day moving average price is $24.25 and its 200-day moving average price is $22.99.

Reynolds Consumer Products (NASDAQ:REYN) last released its earnings results on Wednesday, October 29th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. Reynolds Consumer Products had a return on equity of 15.88% and a net margin of 8.20%.The business had revenue of $931.00 million for the quarter, compared to analysts’ expectations of $900.12 million. During the same quarter in the prior year, the firm earned $0.41 earnings per share. The firm’s revenue was up 2.3% on a year-over-year basis. 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. 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 company also recently announced a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 14th were given a $0.23 dividend. The ex-dividend date 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 presently 63.01%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on REYN. Canaccord Genuity Group upped their price target on Reynolds Consumer Products from $25.00 to $27.00 and gave the company a “hold” rating in a research report on Thursday, October 30th. Royal Bank Of Canada boosted their price objective on shares of Reynolds Consumer Products from $25.00 to $28.00 and gave the company a “sector perform” rating in a research note on Thursday, October 30th. Zacks Research upgraded shares of Reynolds Consumer Products from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Weiss Ratings restated a “hold (c)” rating on shares of Reynolds Consumer Products in a research report on Friday, October 31st. Finally, UBS Group upped their price target on shares of Reynolds Consumer Products from $25.00 to $26.00 and gave the stock a “neutral” 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.com, the company currently has an average rating of “Hold” and an average target price of $26.75.

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.