25,000 Shares in Reynolds Consumer Products Inc. $REYN Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new stake in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 25,000 shares of the company’s stock, valued at approximately $612,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of REYN. First Trust Advisors LP lifted its position in Reynolds Consumer Products by 13.9% during the 2nd quarter. First Trust Advisors LP now owns 2,521,685 shares of the company’s stock valued at $54,015,000 after acquiring an additional 306,936 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Reynolds Consumer Products by 107.3% during the second quarter. AQR Capital Management LLC now owns 1,880,175 shares of the company’s stock valued at $40,142,000 after purchasing an additional 973,374 shares during the last quarter. Jane Street Group LLC boosted its position in shares of Reynolds Consumer Products by 858.3% in the 2nd quarter. Jane Street Group LLC now owns 1,204,840 shares of the company’s stock worth $25,808,000 after purchasing an additional 1,079,116 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Reynolds Consumer Products by 0.5% in the 2nd quarter. Geode Capital Management LLC now owns 1,092,884 shares of the company’s stock worth $23,413,000 after buying an additional 5,554 shares during the last quarter. Finally, Clifford Capital Partners LLC increased its position in Reynolds Consumer Products by 4,507.2% during the 2nd quarter. Clifford Capital Partners LLC now owns 707,853 shares of the company’s stock valued at $15,162,000 after buying an additional 692,489 shares in the last quarter. 26.81% of the stock is owned by hedge funds and other institutional investors.

Reynolds Consumer Products Stock Performance

Shares of NASDAQ REYN opened at $23.93 on Friday. The firm’s 50-day moving average price is $23.96 and its 200-day moving average price is $23.38. Reynolds Consumer Products Inc. has a 52-week low of $20.91 and a 52-week high of $28.22. The company has a market cap of $5.03 billion, a PE ratio of 16.39 and a beta of 0.57. The company has a quick ratio of 0.80, a current ratio of 1.94 and a debt-to-equity ratio of 0.74.

Reynolds Consumer Products (NASDAQ:REYN) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.42 earnings per share 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 the consensus estimate of $900.12 million. During the same quarter in the prior year, the firm earned $0.41 earnings per share. The firm’s revenue for the quarter 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, analysts anticipate that Reynolds Consumer Products Inc. will post 1.66 EPS for the current year.

Reynolds Consumer Products Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Friday, November 14th. Reynolds Consumer Products’s dividend payout ratio (DPR) is 63.01%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on REYN shares. Royal Bank Of Canada boosted their target price on Reynolds Consumer Products from $25.00 to $28.00 and gave the stock a “sector perform” rating in a report on Thursday, October 30th. 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 restated a “hold (c)” rating on shares of Reynolds Consumer Products in a research note on Friday, October 31st. UBS Group decreased their target price on shares of Reynolds Consumer Products from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, Canaccord Genuity Group raised 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 report on Thursday, October 30th. Two equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $26.63.

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.