Olstein Capital Management L.P. Has $6.14 Million Stake in Reynolds Consumer Products Inc. $REYN

Olstein Capital Management L.P. reduced its position in Reynolds Consumer Products Inc. (NASDAQ:REYNFree Report) by 17.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 268,000 shares of the company’s stock after selling 57,550 shares during the quarter. Olstein Capital Management L.P.’s holdings in Reynolds Consumer Products were worth $6,143,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Royal Bank of Canada raised its stake in shares of Reynolds Consumer Products by 1.9% in the 1st quarter. Royal Bank of Canada now owns 94,024 shares of the company’s stock valued at $2,244,000 after buying an additional 1,720 shares in the last quarter. Millennium Management LLC boosted its position in shares of Reynolds Consumer Products by 11.3% during the 1st quarter. Millennium Management LLC now owns 592,459 shares of the company’s stock valued at $14,136,000 after acquiring an additional 60,198 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted 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 valued at $5,317,000 after acquiring an additional 83,633 shares in the last quarter. Jane Street Group LLC increased its stake in Reynolds Consumer Products by 488.4% in the first 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 period. Finally, JPMorgan Chase & Co. raised its position in Reynolds Consumer Products by 17.5% in the second quarter. JPMorgan Chase & Co. now owns 330,811 shares of the company’s stock worth $7,086,000 after purchasing an additional 49,192 shares in the last quarter. Institutional investors and hedge funds own 26.81% of the company’s stock.

Insiders Place Their Bets

In other Reynolds Consumer Products news, Director Rolf Stangl purchased 4,705 shares of the company’s stock in a transaction that occurred on Wednesday, March 18th. The stock was purchased at an average cost of $21.06 per share, with a total value of $99,087.30. Following the acquisition, the director directly owned 39,537 shares of the company’s stock, valued at approximately $832,649.22. This trade represents a 13.51% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 0.37% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on REYN. Royal Bank Of Canada set a $24.00 price target on shares of Reynolds Consumer Products and gave the stock a “sector perform” rating in a research note on Thursday, April 9th. JPMorgan Chase & Co. lowered their price objective on Reynolds Consumer Products from $26.00 to $23.00 and set a “neutral” rating on the stock in a research note on Friday, April 17th. Barclays dropped their target price on Reynolds Consumer Products from $25.00 to $24.00 and set an “equal weight” rating for the company in a report on Tuesday, April 14th. Zacks Research raised Reynolds Consumer Products from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Finally, Canaccord Genuity Group lowered their price target on Reynolds Consumer Products from $27.00 to $24.00 and set a “hold” rating on the stock in a research report on Monday, January 26th. Seven equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Reynolds Consumer Products presently has a consensus rating of “Hold” and an average target price of $23.60.

View Our Latest Stock Analysis on REYN

Reynolds Consumer Products Trading Up 0.0%

Shares of Reynolds Consumer Products stock opened at $21.92 on Friday. Reynolds Consumer Products Inc. has a 12-month low of $20.44 and a 12-month high of $26.25. The stock has a market capitalization of $4.62 billion, a P/E ratio of 13.96 and a beta of 0.57. The company has a 50-day simple moving average of $21.75 and a 200 day simple moving average of $23.13. The company has a quick ratio of 0.92, a current ratio of 1.79 and a debt-to-equity ratio of 0.68.

Reynolds Consumer Products (NASDAQ:REYNGet Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. The firm had revenue of $877.00 million for the quarter, compared to analyst estimates of $822.42 million. Reynolds Consumer Products had a net margin of 8.70% and a return on equity of 16.05%. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.23 earnings per share. Reynolds Consumer Products has set its FY 2026 guidance at 1.570-1.630 EPS and its Q2 2026 guidance at 0.390-0.43 EPS. Research analysts expect that Reynolds Consumer Products Inc. will post 1.61 earnings per share for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be given a dividend of $0.23 per share. The ex-dividend date is Friday, May 15th. This represents a $0.92 dividend on an annualized basis and a yield of 4.2%. Reynolds Consumer Products’s dividend payout ratio is 63.89%.

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Reynolds Consumer Products Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Reynolds Consumer Products (NASDAQ:REYN)

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