CX Institutional Has $7.99 Million Position in Reynolds Consumer Products Inc. $REYN

CX Institutional lifted its holdings in Reynolds Consumer Products Inc. (NASDAQ:REYN) by 23.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 326,698 shares of the company’s stock after purchasing an additional 62,841 shares during the quarter. CX Institutional owned about 0.16% of Reynolds Consumer Products worth $7,994,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of REYN. First Horizon Advisors Inc. raised its holdings in Reynolds Consumer Products by 40.8% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,601 shares of the company’s stock worth $34,000 after buying an additional 464 shares during the period. GAMMA Investing LLC boosted its position in shares of Reynolds Consumer Products by 231.8% during 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 grew its holdings in shares of Reynolds Consumer Products by 14,434.8% during 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 in the last quarter. Parallel Advisors LLC raised its position in Reynolds Consumer Products by 1,995.7% in the 2nd 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 during the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in Reynolds Consumer Products by 764.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,666 shares of the company’s stock valued at $79,000 after acquiring an additional 3,242 shares in the last quarter. 26.81% of the stock is owned by institutional investors.

Reynolds Consumer Products Stock Performance

Shares of REYN opened at $23.04 on Thursday. The company has a market cap of $4.85 billion, a PE ratio of 15.78 and a beta of 0.57. The firm has a 50-day moving average of $24.08 and a 200-day moving average of $23.27. Reynolds Consumer Products Inc. has a one year low of $20.91 and a one year high of $28.22. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.94 and a quick ratio of 0.80.

Reynolds Consumer Products (NASDAQ:REYN) last issued 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. 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 for the quarter, compared to analysts’ expectations of $900.12 million. During the same period in the prior year, the firm earned $0.41 EPS. Reynolds Consumer Products’s quarterly 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. As a group, equities analysts forecast that Reynolds Consumer Products Inc. 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. Investors of record on Friday, November 14th were issued 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 dividend yield of 4.0%. Reynolds Consumer Products’s payout ratio is presently 63.01%.

Analyst Ratings Changes

Several brokerages have recently weighed in on REYN. Zacks Research cut shares of Reynolds Consumer Products from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 30th. UBS Group raised their target price on shares of 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 lifted their price target 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. Royal Bank Of Canada increased their price objective on shares of Reynolds Consumer Products from $25.00 to $28.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 30th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Reynolds Consumer Products in a research report on Friday, October 31st. Two equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Reynolds Consumer Products currently has a consensus rating of “Hold” and an average target price of $26.75.

Reynolds Consumer Products Profile

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.