Alps Advisors Inc. Sells 50,005 Shares of Reynolds Consumer Products Inc. $REYN

Alps Advisors Inc. lessened its stake in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) by 55.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,931 shares of the company’s stock after selling 50,005 shares during the quarter. Alps Advisors Inc.’s holdings in Reynolds Consumer Products were worth $977,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Quent Capital LLC bought a new stake in Reynolds Consumer Products during the third quarter valued at approximately $33,000. 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 valued at $34,000 after buying an additional 464 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake 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 valued at $72,000 after acquiring an additional 3,320 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of 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 worth $79,000 after buying an additional 3,242 shares during the last quarter. Finally, Blue Trust Inc. increased its position in Reynolds Consumer Products by 1,154.6% during the 2nd quarter. Blue Trust Inc. now owns 4,893 shares of the company’s stock valued at $105,000 after purchasing an additional 4,503 shares during the period. Institutional investors own 26.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on REYN shares. Canaccord Genuity Group dropped their target price on Reynolds Consumer Products from $27.00 to $24.00 and set a “hold” rating on the stock in a report on Monday, January 26th. Royal Bank Of Canada cut their target price on shares of Reynolds Consumer Products from $28.00 to $25.00 and set a “sector perform” rating for the company in a research report on Thursday, February 5th. 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. Weiss Ratings reissued a “hold (c)” rating on shares of Reynolds Consumer Products in a report on Wednesday, January 28th. Finally, UBS Group increased their price objective on shares of Reynolds Consumer Products from $25.00 to $26.00 and gave the stock a “neutral” rating in a research note on Thursday, February 5th. One research analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $25.43.

Reynolds Consumer Products Trading Up 0.8%

Shares of NASDAQ REYN opened at $23.27 on Thursday. The business has a fifty day simple moving average of $23.54 and a two-hundred day simple moving average of $23.58. Reynolds Consumer Products Inc. has a twelve month low of $20.91 and a twelve month high of $26.25. The firm has a market cap of $4.89 billion, a PE ratio of 16.16 and a beta of 0.57. The company has a quick ratio of 0.92, a current ratio of 1.93 and a debt-to-equity ratio of 0.70.

Reynolds Consumer Products (NASDAQ:REYN) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.01). Reynolds Consumer Products had a net margin of 8.09% and a return on equity of 15.86%. The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the previous year, the business earned $0.58 earnings per share. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. Reynolds Consumer Products has set its FY 2026 guidance at 1.570-1.630 EPS and its Q1 2026 guidance at 0.230-0.250 EPS. Analysts expect that Reynolds Consumer Products Inc. will post 1.66 earnings per share for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 4.0%. The ex-dividend date is Friday, February 13th. Reynolds Consumer Products’s payout ratio is presently 63.89%.

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.