Reynolds Consumer Products Inc. $REYN Shares Bought by Cwm LLC

Cwm LLC raised its position in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) by 350.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 122,763 shares of the company’s stock after purchasing an additional 95,524 shares during the quarter. Cwm LLC owned 0.06% of Reynolds Consumer Products worth $3,004,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. First Trust Advisors LP boosted its position in Reynolds Consumer Products by 13.9% in the second quarter. First Trust Advisors LP now owns 2,521,685 shares of the company’s stock valued at $54,015,000 after buying an additional 306,936 shares during the last quarter. AQR Capital Management LLC lifted its stake in Reynolds Consumer Products by 107.3% during the 2nd quarter. AQR Capital Management LLC now owns 1,880,175 shares of the company’s stock valued at $40,142,000 after acquiring an additional 973,374 shares during the period. Jane Street Group LLC boosted its holdings in shares of Reynolds Consumer Products by 858.3% in the 2nd quarter. Jane Street Group LLC now owns 1,204,840 shares of the company’s stock valued at $25,808,000 after acquiring an additional 1,079,116 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Reynolds Consumer Products by 0.5% in the second quarter. Geode Capital Management LLC now owns 1,092,884 shares of the company’s stock worth $23,413,000 after acquiring an additional 5,554 shares during the period. Finally, Clifford Capital Partners LLC increased its stake in shares of Reynolds Consumer Products by 4,507.2% in the second quarter. Clifford Capital Partners LLC now owns 707,853 shares of the company’s stock worth $15,162,000 after acquiring an additional 692,489 shares during the period. 26.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on REYN. UBS Group upped their price target on shares of Reynolds Consumer Products from $25.00 to $26.00 and gave the company 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 downgraded Reynolds Consumer Products from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Royal Bank Of Canada lifted their price target on Reynolds Consumer Products from $25.00 to $28.00 and gave the company a “sector perform” rating in a research report on Thursday, October 30th. Finally, Canaccord Genuity Group boosted their price target on Reynolds Consumer Products from $25.00 to $27.00 and gave the company a “hold” rating in a report on Thursday, October 30th. Two research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, Reynolds Consumer Products has a consensus rating of “Hold” and an average target price of $26.75.

Reynolds Consumer Products Stock Down 1.2%

Reynolds Consumer Products stock opened at $22.92 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.94 and a quick ratio of 0.80. The stock has a market capitalization of $4.82 billion, a PE ratio of 15.70 and a beta of 0.57. The business has a 50 day simple moving average of $24.16 and a 200-day simple moving average of $23.21. Reynolds Consumer Products Inc. has a 12 month low of $20.91 and a 12 month high of $28.22.

Reynolds Consumer Products (NASDAQ:REYN) last announced its earnings results on Wednesday, October 29th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. The firm had revenue of $931.00 million for the quarter, compared to analyst estimates 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 revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.41 EPS. 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, analysts anticipate that Reynolds Consumer Products Inc. will post 1.66 EPS for the current fiscal year.

Reynolds Consumer Products Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 14th were paid a $0.23 dividend. 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 4.0%. Reynolds Consumer Products’s dividend payout ratio (DPR) is currently 63.01%.

About Reynolds Consumer Products

Reynolds Consumer Products, Inc (NASDAQ: REYN) is a leading North American manufacturer and marketer of household consumer products. The company specializes in food storage and cooking solutions, including aluminum foil, plastic wrap, food storage containers and disposable tableware. Its core portfolio features well-known brands such as Reynolds Wrap aluminum foil, Hefty storage containers and trash bags, and Fastfold paper plates.

The company operates through a network of manufacturing and distribution facilities across North America, Latin America, Europe and the Asia Pacific region.