Cypress Capital Group Acquires Shares of 80,418 Reynolds Consumer Products Inc. $REYN

Cypress Capital Group acquired a new position in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 80,418 shares of the company’s stock, valued at approximately $1,703,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its holdings in shares of Reynolds Consumer Products by 14.5% in the first quarter. Dimensional Fund Advisors LP now owns 5,068,602 shares of the company’s stock valued at $107,350,000 after purchasing an additional 643,573 shares during the period. AQR Capital Management LLC grew its position in Reynolds Consumer Products by 163.3% in the 3rd quarter. AQR Capital Management LLC now owns 4,951,190 shares of the company’s stock valued at $121,156,000 after buying an additional 3,071,015 shares during the last quarter. First Trust Advisors LP grew its position in Reynolds Consumer Products by 8.5% in the 1st quarter. First Trust Advisors LP now owns 2,329,337 shares of the company’s stock valued at $49,335,000 after buying an additional 182,772 shares during the last quarter. Jane Street Group LLC increased its stake in 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 valued at $25,808,000 after buying an additional 1,079,116 shares during the period. Finally, Millennium Management LLC increased its stake in Reynolds Consumer Products by 53.3% in the 4th quarter. Millennium Management LLC now owns 1,034,668 shares of the company’s stock valued at $23,715,000 after buying an additional 359,846 shares during the period. 26.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on REYN shares. Barclays raised their target price on shares of Reynolds Consumer Products from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Tuesday. JPMorgan Chase & Co. boosted their price target on shares of Reynolds Consumer Products from $23.00 to $27.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Zacks Research raised shares of Reynolds Consumer Products from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Royal Bank Of Canada set a $24.00 price objective on shares of Reynolds Consumer Products and gave the company a “sector perform” rating in a research report on Thursday, April 9th. Finally, Weiss Ratings raised Reynolds Consumer Products from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 29th. Seven analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $25.40.

Reynolds Consumer Products Stock Performance

NASDAQ:REYN opened at $25.61 on Friday. The firm’s fifty day simple moving average is $24.27 and its 200-day simple moving average is $23.10. The company has a quick ratio of 0.76, a current ratio of 1.79 and a debt-to-equity ratio of 0.68. The stock has a market cap of $5.40 billion, a PE ratio of 16.31 and a beta of 0.54. Reynolds Consumer Products Inc. has a fifty-two week low of $20.44 and a fifty-two week high of $27.32.

Reynolds Consumer Products (NASDAQ:REYN) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.25 by $0.03. The firm had revenue of $877.00 million during the quarter, compared to analysts’ expectations of $822.42 million. Reynolds Consumer Products had a net margin of 8.70% and a return on equity of 16.05%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter last 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. Analysts expect that Reynolds Consumer Products Inc. will post 1.59 earnings per share for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Monday, August 17th. Reynolds Consumer Products’s dividend payout ratio (DPR) is presently 58.60%.

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.