Reynolds Consumer Products (NASDAQ:REYN) Cut to Hold at Zacks Research

Zacks Research downgraded shares of Reynolds Consumer Products (NASDAQ:REYN) from a strong-buy rating to a hold rating in a research report report published on Tuesday morning,Zacks.com reports.

Several other equities analysts have also weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of Reynolds Consumer Products in a research note on Friday, October 31st. UBS Group boosted their price objective on Reynolds Consumer Products from $25.00 to $26.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. Canaccord Genuity Group increased their target price 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. Finally, Royal Bank Of Canada boosted their price target on shares of Reynolds Consumer Products from $25.00 to $28.00 and gave the stock a “sector perform” rating in a report on Thursday, October 30th. Two investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $26.75.

Reynolds Consumer Products Trading Down 1.2%

Reynolds Consumer Products stock opened at $22.92 on Tuesday. The firm has a market cap of $4.82 billion, a PE ratio of 15.70 and a beta of 0.57. Reynolds Consumer Products has a 12 month low of $20.91 and a 12 month high of $28.22. The stock’s 50 day simple moving average is $24.16 and its two-hundred day simple moving average is $23.21. The company has a current ratio of 1.94, a quick ratio of 0.80 and a debt-to-equity ratio of 0.74.

Reynolds Consumer Products (NASDAQ:REYN) last posted its earnings results 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 firm had revenue of $931.00 million during the quarter, compared to analysts’ expectations of $900.12 million. During the same period in the previous year, the business posted $0.41 EPS. The business’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. Analysts anticipate that Reynolds Consumer Products will post 1.66 earnings per share for the current year.

Reynolds Consumer Products Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Friday, November 14th. Reynolds Consumer Products’s dividend payout ratio is 63.01%.

Hedge Funds Weigh In On Reynolds Consumer Products

A number of institutional investors and hedge funds have recently bought and sold shares of REYN. Vanguard Group Inc. lifted its stake in Reynolds Consumer Products by 4.8% in the 3rd quarter. Vanguard Group Inc. now owns 6,197,729 shares of the company’s stock worth $151,658,000 after purchasing an additional 284,643 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Reynolds Consumer Products by 163.3% in the third quarter. AQR Capital Management LLC now owns 4,951,190 shares of the company’s stock valued at $121,156,000 after purchasing an additional 3,071,015 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Reynolds Consumer Products by 12.2% in the third quarter. Dimensional Fund Advisors LP now owns 3,775,909 shares of the company’s stock valued at $92,386,000 after purchasing an additional 409,702 shares during the last quarter. First Trust Advisors LP lifted its position in Reynolds Consumer Products by 13.9% during the second quarter. First Trust Advisors LP now owns 2,521,685 shares of the company’s stock worth $54,015,000 after buying an additional 306,936 shares in the last quarter. Finally, Gotham Asset Management LLC boosted its stake in Reynolds Consumer Products by 182.2% during the third quarter. Gotham Asset Management LLC now owns 1,558,361 shares of the company’s stock worth $38,133,000 after buying an additional 1,006,051 shares during the last quarter. 26.81% of the stock is currently owned by institutional investors and hedge funds.

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.