SG Americas Securities LLC Sells 78,775 Shares of Reynolds Consumer Products Inc. $REYN

SG Americas Securities LLC lessened its stake in Reynolds Consumer Products Inc. (NASDAQ:REYN) by 41.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 111,793 shares of the company’s stock after selling 78,775 shares during the quarter. SG Americas Securities LLC owned approximately 0.05% of Reynolds Consumer Products worth $2,736,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jane Street Group LLC raised its position in Reynolds Consumer Products by 858.3% during the second quarter. Jane Street Group LLC now owns 1,204,840 shares of the company’s stock worth $25,808,000 after acquiring an additional 1,079,116 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of 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 worth $40,142,000 after purchasing an additional 973,374 shares during the last quarter. Clifford Capital Partners LLC raised its holdings in shares of Reynolds Consumer Products by 4,507.2% in the 2nd quarter. Clifford Capital Partners LLC now owns 707,853 shares of the company’s stock valued at $15,162,000 after purchasing an additional 692,489 shares during the period. Norges Bank acquired a new stake in Reynolds Consumer Products in the 2nd quarter valued at about $14,256,000. Finally, First Trust Advisors LP grew its holdings 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 purchasing an additional 306,936 shares during the period. 26.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

REYN has been the subject of a number of recent analyst reports. Canaccord Genuity Group raised their price objective 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. Zacks Research cut Reynolds Consumer Products from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 30th. UBS Group lifted 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 report on Thursday, October 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Reynolds Consumer Products in a research report on Friday, October 31st. Finally, Royal Bank Of Canada lifted their target price 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 research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $26.75.

Reynolds Consumer Products Stock Up 1.0%

REYN opened at $23.97 on Wednesday. Reynolds Consumer Products Inc. has a fifty-two week low of $20.91 and a fifty-two week high of $28.22. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.80 and a current ratio of 1.94. The company has a market capitalization of $5.04 billion, a P/E ratio of 16.42 and a beta of 0.57. The stock has a fifty day moving average of $24.00 and a 200-day moving average of $23.35.

Reynolds Consumer Products (NASDAQ:REYN) last released its quarterly earnings results on Wednesday, October 29th. The company reported $0.42 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 business had revenue of $931.00 million for the quarter, compared to the consensus estimate of $900.12 million. During the same period in the prior year, the company posted $0.41 earnings per share. Reynolds Consumer Products’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. On average, equities analysts expect that Reynolds Consumer Products Inc. will post 1.66 EPS for the current year.

Reynolds Consumer Products Dividend Announcement

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. This represents a $0.92 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Friday, November 14th. Reynolds Consumer Products’s payout ratio is 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.