Jupiter Topco LLC Acquires Shares of 27,487 Reynolds Consumer Products Inc. $REYN

Jupiter Topco LLC acquired a new position in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) during the second quarter, HoldingsChannel reports. The institutional investor acquired 27,487 shares of the company’s stock, valued at approximately $738,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Legal & General Group Plc acquired a new position in shares of Reynolds Consumer Products during the 2nd quarter worth approximately $3,253,000. The Manufacturers Life Insurance Company acquired a new position in shares of Reynolds Consumer Products during the 2nd quarter valued at about $6,184,000. Algert Global LLC grew its stake in shares of Reynolds Consumer Products by 448.7% during the 2nd quarter. Algert Global LLC now owns 383,660 shares of the company’s stock valued at $10,301,000 after buying an additional 313,740 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Reynolds Consumer Products during the second quarter worth about $12,363,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Reynolds Consumer Products in the second quarter worth $51,000. 26.81% of the stock is owned by hedge funds and other institutional investors.

Reynolds Consumer Products Price Performance

NASDAQ:REYN opened at $21.85 on Monday. The stock’s fifty day moving average price is $25.58 and its two-hundred day moving average price is $23.44. The company has a market cap of $4.61 billion, a price-to-earnings ratio of 13.32 and a beta of 0.54. Reynolds Consumer Products Inc. has a 52-week low of $20.44 and a 52-week high of $27.32. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.71 and a current ratio of 1.80.

Reynolds Consumer Products (NASDAQ:REYN) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. The firm had revenue of $944.00 million for the quarter, compared to analysts’ expectations of $935.46 million. Reynolds Consumer Products had a net margin of 9.11% and a return on equity of 16.03%. The business’s revenue for the quarter was up .6% on a year-over-year basis. During the same period last year, the firm earned $0.39 earnings per share. Reynolds Consumer Products has set its Q3 2026 guidance at 0.370-0.390 EPS and its FY 2026 guidance at 1.570-1.630 EPS. On average, analysts anticipate that Reynolds Consumer Products Inc. will post 1.59 EPS for the current year.

Reynolds Consumer Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Monday, August 17th. Reynolds Consumer Products’s payout ratio is currently 56.10%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Canaccord Genuity Group raised their price target on shares of Reynolds Consumer Products from $24.00 to $25.00 and gave the company a “hold” rating in a report on Thursday, July 30th. Weiss Ratings upgraded Reynolds Consumer Products from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 29th. Barclays boosted their target price on Reynolds Consumer Products from $24.00 to $25.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 21st. JPMorgan Chase & Co. increased their price objective on Reynolds Consumer Products from $23.00 to $27.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Finally, UBS Group upped their price target on shares of Reynolds Consumer Products from $23.00 to $27.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. One equities research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $25.60.

Reynolds Consumer Products Company 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.