103,700 Shares in Reynolds Consumer Products Inc. $REYN Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC acquired a new stake in Reynolds Consumer Products Inc. (NASDAQ:REYN) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 103,700 shares of the company’s stock, valued at approximately $2,196,000.

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

Analyst Ratings Changes

A number of analysts have commented on REYN shares. Piper Sandler upgraded shares of Reynolds Consumer Products to an “overweight” rating in a report on Thursday, July 30th. UBS Group upped their price target 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. Barclays increased their price target on Reynolds Consumer Products from $24.00 to $25.00 and gave the company an “equal weight” rating in a report on Tuesday, July 21st. Weiss Ratings upgraded Reynolds Consumer Products from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 29th. Finally, Canaccord Genuity Group boosted their price objective on Reynolds Consumer Products from $24.00 to $25.00 and gave the stock a “hold” rating in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Reynolds Consumer Products currently has a consensus rating of “Hold” and an average target price of $25.60.

Reynolds Consumer Products Stock Down 1.5%

Shares of NASDAQ REYN opened at $26.13 on Tuesday. The company has a market capitalization of $5.51 billion, a P/E ratio of 15.93 and a beta of 0.55. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.80 and a quick ratio of 0.71. The company has a 50 day simple moving average of $25.18 and a 200-day simple moving average of $23.26. Reynolds Consumer Products Inc. has a 1 year low of $20.44 and a 1 year high of $27.32.

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

Reynolds Consumer Products Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be issued a dividend of $0.23 per share. The ex-dividend date is Monday, August 17th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.5%. Reynolds Consumer Products’s dividend payout ratio is currently 56.10%.

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.