Reynolds Consumer Products (NASDAQ:REYN) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of Reynolds Consumer Products (NASDAQ:REYN) from a strong sell rating to a hold rating in a research report released on Monday,Zacks.com reports.

A number of other research firms also recently issued reports on REYN. UBS Group dropped their price target on Reynolds Consumer Products from $26.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday. Royal Bank Of Canada dropped their price objective on Reynolds Consumer Products from $28.00 to $25.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Reynolds Consumer Products in a research report on Wednesday, January 28th. Finally, Canaccord Genuity Group dropped their price objective on Reynolds Consumer Products from $27.00 to $24.00 and set a “hold” rating on the stock in a research report on Monday, January 26th. One research analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $25.00.

Reynolds Consumer Products Price Performance

REYN opened at $21.29 on Monday. Reynolds Consumer Products has a 12-month low of $20.69 and a 12-month high of $26.25. The company has a current ratio of 1.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.70. The business’s fifty day simple moving average is $22.53 and its 200-day simple moving average is $23.46. The company has a market capitalization of $4.49 billion, a price-to-earnings ratio of 14.78 and a beta of 0.61.

Reynolds Consumer Products (NASDAQ:REYN) last posted its quarterly earnings results on Wednesday, February 4th. The company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). Reynolds Consumer Products had a return on equity of 15.86% and a net margin of 8.09%.The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the previous year, the company posted $0.58 EPS. Reynolds Consumer Products’s quarterly revenue was up 3.4% compared to the same quarter last year. Reynolds Consumer Products has set its FY 2026 guidance at 1.570-1.630 EPS and its Q1 2026 guidance at 0.230-0.250 EPS. On average, equities research analysts anticipate that Reynolds Consumer Products will post 1.66 earnings per share for the current fiscal year.

Reynolds Consumer Products Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Friday, February 13th. Reynolds Consumer Products’s dividend payout ratio (DPR) is currently 63.89%.

Insiders Place Their Bets

In other Reynolds Consumer Products news, Director Rolf Stangl purchased 4,705 shares of the stock in a transaction on Wednesday, March 18th. The stock was acquired at an average price of $21.06 per share, with a total value of $99,087.30. Following the completion of the acquisition, the director owned 39,537 shares in the company, valued at $832,649.22. The trade was a 13.51% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.37% of the company’s stock.

Institutional Investors Weigh In On Reynolds Consumer Products

Several institutional investors have recently added to or reduced their stakes in REYN. Royal Bank of Canada boosted its holdings in Reynolds Consumer Products by 1.9% in the first quarter. Royal Bank of Canada now owns 94,024 shares of the company’s stock worth $2,244,000 after acquiring an additional 1,720 shares in the last quarter. Millennium Management LLC raised its position in Reynolds Consumer Products by 11.3% during the first quarter. Millennium Management LLC now owns 592,459 shares of the company’s stock valued at $14,136,000 after acquiring an additional 60,198 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Reynolds Consumer Products by 60.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 222,853 shares of the company’s stock valued at $5,317,000 after acquiring an additional 83,633 shares in the last quarter. Jane Street Group LLC raised its position in Reynolds Consumer Products by 488.4% during the first quarter. Jane Street Group LLC now owns 125,724 shares of the company’s stock valued at $3,000,000 after acquiring an additional 104,357 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Reynolds Consumer Products by 17.5% in the second quarter. JPMorgan Chase & Co. now owns 330,811 shares of the company’s stock valued at $7,086,000 after buying an additional 49,192 shares in the last quarter. Institutional investors and hedge funds own 26.81% of the company’s stock.

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.