Handelsbanken Fonder AB Acquires 29,500 Shares of Reynolds Consumer Products Inc. $REYN

Handelsbanken Fonder AB boosted its holdings in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) by 209.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 43,600 shares of the company’s stock after acquiring an additional 29,500 shares during the period. Handelsbanken Fonder AB’s holdings in Reynolds Consumer Products were worth $1,067,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in REYN. Royal Bank of Canada grew its stake in shares of Reynolds Consumer Products by 1.9% during the first quarter. Royal Bank of Canada now owns 94,024 shares of the company’s stock worth $2,244,000 after purchasing an additional 1,720 shares during the period. Millennium Management LLC boosted its holdings in Reynolds Consumer Products by 11.3% during the first quarter. Millennium Management LLC now owns 592,459 shares of the company’s stock worth $14,136,000 after buying an additional 60,198 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Reynolds Consumer Products by 60.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 222,853 shares of the company’s stock worth $5,317,000 after buying an additional 83,633 shares during the period. Jane Street Group LLC increased its stake in shares of Reynolds Consumer Products by 488.4% in the 1st quarter. Jane Street Group LLC now owns 125,724 shares of the company’s stock valued at $3,000,000 after acquiring an additional 104,357 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of Reynolds Consumer Products by 16.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 326,629 shares of the company’s stock valued at $6,996,000 after acquiring an additional 44,981 shares during the last quarter. Institutional investors and hedge funds own 26.81% of the company’s stock.

Reynolds Consumer Products Stock Performance

REYN opened at $22.98 on Friday. The company has a market capitalization of $4.83 billion, a price-to-earnings ratio of 15.96 and a beta of 0.57. The business’s 50-day moving average price is $23.58 and its two-hundred day moving average price is $23.75. Reynolds Consumer Products Inc. has a 1 year low of $20.91 and a 1 year high of $26.25. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.93 and a quick ratio of 0.92.

Reynolds Consumer Products (NASDAQ:REYN) last posted its quarterly earnings data on Wednesday, February 4th. The company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.01). Reynolds Consumer Products had a return on equity of 15.86% and a net margin of 8.09%.The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the company earned $0.58 earnings per share. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. 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. Equities analysts expect that Reynolds Consumer Products Inc. will post 1.66 EPS for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were issued a $0.23 dividend. The ex-dividend date was Friday, February 13th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.0%. Reynolds Consumer Products’s dividend payout ratio (DPR) is 63.89%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on REYN shares. UBS Group boosted their price objective on shares of Reynolds Consumer Products from $25.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday, February 5th. Royal Bank Of Canada reduced their price target on shares of Reynolds Consumer Products from $28.00 to $25.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 5th. Weiss Ratings restated a “hold (c)” rating on shares of Reynolds Consumer Products in a research report on Wednesday, January 28th. Zacks Research downgraded Reynolds Consumer Products from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 11th. Finally, Canaccord Genuity Group reduced 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. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $25.43.

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.