Creative Planning Purchases Shares of 69,074 Reynolds Consumer Products Inc. $REYN

Creative Planning acquired a new stake in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 69,074 shares of the company’s stock, valued at approximately $1,480,000.

Several other large investors have also recently modified their holdings of REYN. Cubist Systematic Strategies LLC purchased a new stake in Reynolds Consumer Products during the 1st quarter valued at about $4,522,000. Jacobs Levy Equity Management Inc. lifted its position in Reynolds Consumer Products by 141.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 314,756 shares of the company’s stock valued at $7,510,000 after purchasing an additional 184,359 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Reynolds Consumer Products by 2.7% during the first quarter. Vanguard Group Inc. now owns 6,002,580 shares of the company’s stock valued at $143,222,000 after purchasing an additional 159,522 shares during the period. CX Institutional boosted its stake in shares of Reynolds Consumer Products by 121.0% during the second quarter. CX Institutional now owns 263,857 shares of the company’s stock valued at $5,652,000 after purchasing an additional 144,451 shares during the period. Finally, Nuveen LLC bought a new position in shares of Reynolds Consumer Products in the first quarter worth approximately $3,105,000. Hedge funds and other institutional investors own 26.81% of the company’s stock.

Reynolds Consumer Products Trading Up 1.1%

Shares of REYN opened at $24.84 on Friday. Reynolds Consumer Products Inc. has a 1-year low of $20.91 and a 1-year high of $28.66. The company has a current ratio of 1.94, a quick ratio of 0.80 and a debt-to-equity ratio of 0.74. The firm’s 50-day moving average price is $24.10 and its 200-day moving average price is $22.93. The firm has a market capitalization of $5.22 billion, a price-to-earnings ratio of 17.01 and a beta of 0.58.

Reynolds Consumer Products (NASDAQ:REYN) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.39 by $0.03. The business had revenue of $931.00 million during the quarter, compared to analyst estimates of $900.12 million. Reynolds Consumer Products had a net margin of 8.20% and a return on equity of 15.88%. Reynolds Consumer Products’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the business posted $0.41 earnings per share. Reynolds Consumer Products has set its FY 2025 guidance at 1.400-1.440 EPS. Q4 2025 guidance at 0.520-0.560 EPS. Sell-side analysts anticipate that Reynolds Consumer Products Inc. will post 1.66 EPS for the current year.

Reynolds Consumer Products Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be given a dividend of $0.23 per share. The ex-dividend date is Friday, November 14th. This represents a $0.92 annualized dividend and a dividend yield of 3.7%. Reynolds Consumer Products’s payout ratio is currently 63.01%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Barclays upped their price target on shares of Reynolds Consumer Products from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Friday, August 1st. Zacks Research raised shares of Reynolds Consumer Products from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. UBS Group increased their target price on shares of Reynolds Consumer Products from $25.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, October 30th. Canaccord Genuity Group raised their target price on Reynolds Consumer Products from $25.00 to $27.00 and gave the stock a “hold” rating in a research note on Thursday, October 30th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Reynolds Consumer Products in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $26.75.

About Reynolds Consumer Products

Reynolds Consumer Products Inc produces and sells products in cooking, waste and storage, and tableware product categories in the United States and internationally. It operates through four segments: Reynolds Cooking & Baking, Hefty Waste & Storage, Hefty Tableware, and Presto Products. The Reynolds Cooking & Baking segment produces aluminum foil, disposable aluminum pans, parchment paper, freezer paper, wax paper, butcher paper, plastic wrap, baking cups, oven bags, and slow cooker liners under the Reynolds Wrap, Reynolds KITCHENS, and EZ Foil brands in the United States, as well as under the ALCAN brand in Canada and under the Diamond brand internationally.