Louisiana State Employees Retirement System Makes New $612,000 Investment in Reynolds Consumer Products Inc. $REYN

Louisiana State Employees Retirement System purchased a new position in Reynolds Consumer Products Inc. (NASDAQ:REYN) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 25,000 shares of the company’s stock, valued at approximately $612,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Hennion & Walsh Asset Management Inc. raised its position in Reynolds Consumer Products by 5.5% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 66,978 shares of the company’s stock valued at $1,639,000 after purchasing an additional 3,500 shares in the last quarter. Olstein Capital Management L.P. lifted its position in Reynolds Consumer Products by 1.1% in the 3rd quarter. Olstein Capital Management L.P. now owns 325,550 shares of the company’s stock worth $7,966,000 after buying an additional 3,550 shares during the last quarter. Merit Financial Group LLC boosted its stake in Reynolds Consumer Products by 102.1% in the third quarter. Merit Financial Group LLC now owns 27,977 shares of the company’s stock worth $685,000 after buying an additional 14,137 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Reynolds Consumer Products during the third quarter valued at approximately $277,000. Finally, Sivia Capital Partners LLC purchased a new position in shares of Reynolds Consumer Products during the third quarter worth approximately $402,000. 26.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Canaccord Genuity Group upped their price objective on shares of Reynolds Consumer Products from $25.00 to $27.00 and gave the company a “hold” rating in a research note on Thursday, October 30th. Zacks Research cut Reynolds Consumer Products from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 30th. UBS Group lowered their target price on Reynolds Consumer Products from $26.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday. Weiss Ratings restated a “hold (c)” rating on shares of Reynolds Consumer Products in a research report on Friday, October 31st. Finally, Royal Bank Of Canada boosted their price objective on Reynolds Consumer Products from $25.00 to $28.00 and gave the company a “sector perform” rating in a research report on Thursday, October 30th. Two investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $26.63.

Reynolds Consumer Products Trading Down 1.6%

NASDAQ REYN opened at $23.93 on Friday. The stock has a market cap of $5.03 billion, a P/E ratio of 16.39 and a beta of 0.57. Reynolds Consumer Products Inc. has a fifty-two week low of $20.91 and a fifty-two week high of $28.22. The stock has a 50 day simple moving average of $23.96 and a two-hundred day simple moving average of $23.38. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.80 and a current ratio of 1.94.

Reynolds Consumer Products (NASDAQ:REYN) last announced its earnings results on Wednesday, October 29th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. The company had revenue of $931.00 million during the quarter, compared to the consensus estimate of $900.12 million. Reynolds Consumer Products had a return on equity of 15.88% and a net margin of 8.20%.The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 earnings per share. Reynolds Consumer Products has set its FY 2025 guidance at 1.400-1.440 EPS and its Q4 2025 guidance at 0.520-0.560 EPS. On average, analysts forecast that Reynolds Consumer Products Inc. will post 1.66 earnings per share for the current year.

Reynolds Consumer Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Friday, November 14th. Reynolds Consumer Products’s payout ratio is presently 63.01%.

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.