69,075 Shares in Reynolds Consumer Products Inc. $REYN Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. bought a new stake in Reynolds Consumer Products Inc. (NASDAQ:REYN) during the first quarter, Holdings Channel.com reports. The fund bought 69,075 shares of the company’s stock, valued at approximately $1,463,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of REYN. AQR Capital Management LLC increased its holdings in shares of 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 worth $121,156,000 after buying an additional 3,071,015 shares during the last quarter. Jane Street Group LLC raised its position in shares of Reynolds Consumer Products by 858.3% during 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 in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Reynolds Consumer Products by 3,783.5% during 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. Dimensional Fund Advisors LP grew its position in Reynolds Consumer Products by 17.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,425,029 shares of the company’s stock worth $101,426,000 after acquiring an additional 649,120 shares in the last quarter. Finally, Norges Bank purchased a new position in Reynolds Consumer Products in the fourth quarter worth $12,806,000. Hedge funds and other institutional investors own 26.81% of the company’s stock.

Reynolds Consumer Products Stock Up 1.2%

REYN opened at $25.23 on Tuesday. Reynolds Consumer Products Inc. has a 12 month low of $20.44 and a 12 month high of $27.32. The company has a current ratio of 1.80, a quick ratio of 0.71 and a debt-to-equity ratio of 0.66. The business’s 50-day moving average price is $24.72 and its 200-day moving average price is $23.18. The company has a market cap of $5.32 billion, a P/E ratio of 15.38 and a beta of 0.55.

Reynolds Consumer Products (NASDAQ:REYN) last issued its earnings results on Wednesday, July 29th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.02. Reynolds Consumer Products had a return on equity of 16.03% and a net margin of 9.11%.The company had revenue of $944.00 million during the quarter, compared to analysts’ expectations of $935.46 million. During the same period in the prior year, the business posted $0.39 EPS. Reynolds Consumer Products’s quarterly revenue was up .6% compared to the same quarter last year. 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, equities analysts expect that Reynolds Consumer Products Inc. will post 1.59 EPS for the current year.

Reynolds Consumer Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be given a $0.23 dividend. The ex-dividend date is Monday, August 17th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.6%. Reynolds Consumer Products’s payout ratio is presently 56.10%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Piper Sandler raised Reynolds Consumer Products to an “overweight” rating in a research note on Thursday. Weiss Ratings upgraded Reynolds Consumer Products from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 29th. 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. Royal Bank Of Canada set a $24.00 price objective on Reynolds Consumer Products and gave the company a “sector perform” rating in a report on Thursday, April 9th. Finally, UBS Group boosted their target price on Reynolds Consumer Products from $23.00 to $27.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. One investment analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target 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.