Legato Capital Management LLC Buys 42,521 Shares of Reynolds Consumer Products Inc. $REYN

Legato Capital Management LLC increased its stake in Reynolds Consumer Products Inc. (NASDAQ:REYN) by 64.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 108,268 shares of the company’s stock after purchasing an additional 42,521 shares during the quarter. Legato Capital Management LLC owned about 0.05% of Reynolds Consumer Products worth $2,482,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Baird Financial Group Inc. boosted its stake in Reynolds Consumer Products by 1.6% in the 2nd quarter. Baird Financial Group Inc. now owns 32,882 shares of the company’s stock worth $704,000 after purchasing an additional 516 shares during the period. Larson Financial Group LLC lifted its holdings in shares of Reynolds Consumer Products by 70.4% in the fourth quarter. Larson Financial Group LLC now owns 1,264 shares of the company’s stock worth $29,000 after buying an additional 522 shares in the last quarter. Hunter Perkins Capital Management LLC lifted its holdings in shares of Reynolds Consumer Products by 1.2% in the fourth quarter. Hunter Perkins Capital Management LLC now owns 52,155 shares of the company’s stock worth $1,195,000 after buying an additional 605 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Reynolds Consumer Products by 42.5% in the fourth quarter. GAMMA Investing LLC now owns 2,329 shares of the company’s stock valued at $53,000 after acquiring an additional 695 shares during the period. Finally, NorthCrest Asset Manangement LLC boosted its position in shares of Reynolds Consumer Products by 5.6% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 13,131 shares of the company’s stock valued at $297,000 after acquiring an additional 696 shares during the period. 26.81% of the stock is currently owned by institutional investors.

Reynolds Consumer Products Price Performance

REYN opened at $21.79 on Friday. The stock has a 50-day moving average price of $21.37 and a 200-day moving average price of $22.95. Reynolds Consumer Products Inc. has a 12-month low of $20.44 and a 12-month high of $26.25. The company has a current ratio of 1.79, a quick ratio of 0.76 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $4.59 billion, a P/E ratio of 13.88 and a beta of 0.57.

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 for the quarter, compared to analyst estimates of $822.42 million. Reynolds Consumer Products had a return on equity of 16.05% and a net margin of 8.70%.The company’s revenue was up 7.2% on a year-over-year basis. During the same period 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. Equities analysts predict that Reynolds Consumer Products Inc. will post 1.59 earnings per share for the current fiscal year.

Reynolds Consumer Products Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $0.92 annualized dividend and a dividend yield of 4.2%. Reynolds Consumer Products’s dividend payout ratio (DPR) is 58.60%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on REYN shares. Royal Bank Of Canada set a $24.00 target price on shares of Reynolds Consumer Products and gave the stock a “sector perform” rating in a report on Thursday, April 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Reynolds Consumer Products in a report on Monday, April 27th. Canaccord Genuity Group reduced their price target on shares of Reynolds Consumer Products from $27.00 to $24.00 and set a “hold” rating for the company in a research report on Monday, January 26th. Zacks Research raised shares of Reynolds Consumer Products from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Finally, UBS Group lowered their price objective on Reynolds Consumer Products from $26.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 7th. Seven analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $23.60.

Insider Buying and Selling at Reynolds Consumer Products

In other Reynolds Consumer Products news, Director Rolf Stangl acquired 4,705 shares of the business’s stock in a transaction dated Wednesday, March 18th. The stock was bought at an average price of $21.06 per share, with a total value of $99,087.30. Following the purchase, the director owned 39,537 shares of the company’s stock, valued at approximately $832,649.22. This trade represents a 13.51% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.37% 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.