230,323 Shares in Reynolds Consumer Products Inc. $REYN Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company acquired a new position in Reynolds Consumer Products Inc. (NASDAQ:REYN) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 230,323 shares of the company’s stock, valued at approximately $6,184,000.

A number of other hedge funds have also recently modified their holdings of the business. Amundi purchased a new position in Reynolds Consumer Products during the 1st quarter valued at $2,194,000. Jackson Creek Investment Advisors LLC bought a new position in shares of Reynolds Consumer Products in the fourth quarter worth about $1,730,000. KBC Group NV increased its stake in Reynolds Consumer Products by 3,934.6% in the 1st quarter. KBC Group NV now owns 126,807 shares of the company’s stock worth $2,686,000 after buying an additional 123,664 shares during the period. Landscape Capital Management L.L.C. bought a new stake in Reynolds Consumer Products during the 4th quarter valued at about $2,417,000. Finally, Bank of America Corp DE grew its stake in Reynolds Consumer Products by 38.9% in the 1st quarter. Bank of America Corp DE now owns 662,465 shares of the company’s stock worth $14,031,000 after acquiring an additional 185,665 shares in the last quarter. Institutional investors own 26.81% of the company’s stock.

Reynolds Consumer Products Price Performance

Reynolds Consumer Products stock opened at $24.05 on Monday. Reynolds Consumer Products Inc. has a 1-year low of $20.44 and a 1-year high of $27.32. The business has a fifty day moving average price of $25.88 and a 200-day moving average price of $23.48. 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 stock has a market capitalization of $5.07 billion, a price-to-earnings ratio of 14.66 and a beta of 0.55.

Reynolds Consumer Products (NASDAQ:REYN) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.42 earnings per share for the quarter, topping 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 business had revenue of $944.00 million during the quarter, compared to the consensus estimate of $935.46 million. During the same quarter last year, the company earned $0.39 earnings per share. The company’s quarterly revenue was up .6% on a year-over-year basis. 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. Equities research analysts forecast that Reynolds Consumer Products Inc. will post 1.59 EPS for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, August 17th. Reynolds Consumer Products’s dividend payout ratio is presently 56.10%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on REYN. Weiss Ratings raised Reynolds Consumer Products from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 29th. Canaccord Genuity Group increased their target price on shares of Reynolds Consumer Products from $24.00 to $25.00 and gave the stock a “hold” rating in a report on Thursday, July 30th. Barclays upped their price target on shares of Reynolds Consumer Products from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 21st. UBS Group upped their target price on Reynolds Consumer Products from $23.00 to $27.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. Finally, Piper Sandler upgraded Reynolds Consumer Products to an “overweight” rating in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $25.60.

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.