Louisiana State Employees Retirement System Acquires Shares of 24,300 Reynolds Consumer Products Inc. $REYN

Louisiana State Employees Retirement System bought a new position in Reynolds Consumer Products Inc. (NASDAQ:REYN) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 24,300 shares of the company’s stock, valued at approximately $515,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of REYN. AQR Capital Management LLC lifted its position in Reynolds Consumer Products by 163.3% in the third quarter. AQR Capital Management LLC now owns 4,951,190 shares of the company’s stock worth $121,156,000 after buying an additional 3,071,015 shares during the last quarter. SG Americas Securities LLC increased its position in Reynolds Consumer Products by 1,210.2% during the fourth quarter. SG Americas Securities LLC now owns 1,464,674 shares of the company’s stock valued at $33,570,000 after acquiring an additional 1,352,881 shares during the last quarter. Jane Street Group LLC raised its stake in shares of Reynolds Consumer Products by 858.3% in the second quarter. Jane Street Group LLC now owns 1,204,840 shares of the company’s stock valued at $25,808,000 after acquiring an additional 1,079,116 shares during the period. Gotham Asset Management LLC raised its stake in shares of Reynolds Consumer Products by 182.2% in the third quarter. Gotham Asset Management LLC now owns 1,558,361 shares of the company’s stock valued at $38,133,000 after acquiring an additional 1,006,051 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Reynolds Consumer Products by 3,783.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 749,982 shares of the company’s stock worth $18,352,000 after acquiring an additional 730,670 shares during the last quarter. Hedge funds and other institutional investors own 26.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on REYN shares. Weiss Ratings raised shares of Reynolds Consumer Products from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 29th. JPMorgan Chase & Co. reduced their price objective on shares of Reynolds Consumer Products from $26.00 to $23.00 and set a “neutral” rating on the stock in a research report on Friday, April 17th. Barclays decreased their price objective on shares of Reynolds Consumer Products from $25.00 to $24.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 14th. Royal Bank Of Canada set a $24.00 target price on Reynolds Consumer Products and gave the company a “sector perform” rating in a research note on Thursday, April 9th. Finally, Zacks Research upgraded Reynolds Consumer Products from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Seven equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $23.60.

Reynolds Consumer Products Trading Down 1.0%

Shares of NASDAQ REYN opened at $26.20 on Wednesday. Reynolds Consumer Products Inc. has a twelve month low of $20.44 and a twelve month high of $27.32. The firm has a market cap of $5.52 billion, a PE ratio of 16.69 and a beta of 0.54. The business has a fifty day simple moving average of $23.06 and a two-hundred day simple moving average of $22.85. The company has a quick ratio of 0.76, a current ratio of 1.79 and a debt-to-equity ratio of 0.68.

Reynolds Consumer Products (NASDAQ:REYN) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. The business had revenue of $877.00 million for the quarter, compared to the consensus estimate of $822.42 million. Reynolds Consumer Products had a return on equity of 16.05% and a net margin of 8.70%.The business’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.23 EPS. 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 firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were issued a $0.23 dividend. The ex-dividend date was Friday, May 15th. This represents a $0.92 annualized dividend and a dividend yield of 3.5%. Reynolds Consumer Products’s payout ratio is currently 58.60%.

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.