State of Alaska Department of Revenue Acquires 34,162 Shares of Reynolds Consumer Products Inc. $REYN

State of Alaska Department of Revenue raised its stake in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) by 20.9% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 197,529 shares of the company’s stock after acquiring an additional 34,162 shares during the period. State of Alaska Department of Revenue owned approximately 0.09% of Reynolds Consumer Products worth $4,832,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Blue Trust Inc. lifted its position in Reynolds Consumer Products by 9.4% during the third quarter. Blue Trust Inc. now owns 5,355 shares of the company’s stock valued at $131,000 after purchasing an additional 462 shares during the period. First Horizon Advisors Inc. raised its stake 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 valued at $34,000 after buying an additional 464 shares during the last quarter. Baird Financial Group Inc. lifted its holdings in shares of Reynolds Consumer Products by 1.6% during the 2nd quarter. Baird Financial Group Inc. now owns 32,882 shares of the company’s stock valued at $704,000 after buying an additional 516 shares during the period. Police & Firemen s Retirement System of New Jersey boosted its stake in shares of Reynolds Consumer Products by 2.6% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 20,599 shares of the company’s stock worth $441,000 after buying an additional 523 shares during the last quarter. Finally, Quantinno Capital Management LP grew its holdings in shares of Reynolds Consumer Products by 0.9% in the second quarter. Quantinno Capital Management LP now owns 144,482 shares of the company’s stock worth $3,095,000 after acquiring an additional 1,293 shares during the period. 26.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Reynolds Consumer Products in a report on Friday, October 31st. 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 research report on Thursday, October 30th. Canaccord Genuity Group increased their price objective on shares of Reynolds Consumer Products from $25.00 to $27.00 and gave the stock a “hold” rating in a research note on Thursday, October 30th. Zacks Research lowered shares of Reynolds Consumer Products from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 30th. Finally, Royal Bank Of Canada upped their target price on shares of Reynolds Consumer Products from $25.00 to $28.00 and gave the company a “sector perform” rating in a report on Thursday, October 30th. Two equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, Reynolds Consumer Products has an average rating of “Hold” and a consensus price target of $26.75.

Reynolds Consumer Products Trading Up 0.9%

Shares of NASDAQ:REYN opened at $23.72 on Monday. The stock has a 50 day moving average of $24.02 and a 200 day moving average of $23.32. The company has a market cap of $4.99 billion, a PE ratio of 16.25 and a beta of 0.57. Reynolds Consumer Products Inc. has a 12-month low of $20.91 and a 12-month high of $28.22. 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 released its earnings results on Wednesday, October 29th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. The company had revenue of $931.00 million for the quarter, compared to analysts’ expectations of $900.12 million. Reynolds Consumer Products had a net margin of 8.20% and a return on equity of 15.88%. The firm’s revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the business earned $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. As a group, equities research analysts expect that Reynolds Consumer Products Inc. will post 1.66 EPS for the current 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 issued a $0.23 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $0.92 annualized dividend and a yield of 3.9%. Reynolds Consumer Products’s dividend payout ratio is currently 63.01%.

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.