Sterling Capital Management LLC Sells 66,035 Shares of Reynolds Consumer Products Inc. $REYN

Sterling Capital Management LLC cut its stake in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) by 84.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,606 shares of the company’s stock after selling 66,035 shares during the period. Sterling Capital Management LLC’s holdings in Reynolds Consumer Products were worth $267,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. AQR Capital Management LLC boosted 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 purchasing an additional 3,071,015 shares during the period. SG Americas Securities LLC lifted its position in Reynolds Consumer Products by 1,210.2% in the fourth quarter. SG Americas Securities LLC now owns 1,464,674 shares of the company’s stock worth $33,570,000 after buying an additional 1,352,881 shares during the last quarter. Jane Street Group LLC lifted its position in Reynolds Consumer Products by 858.3% in the second quarter. Jane Street Group LLC now owns 1,204,840 shares of the company’s stock worth $25,808,000 after buying an additional 1,079,116 shares during the last quarter. Gotham Asset Management LLC boosted its stake in Reynolds Consumer Products by 182.2% during the third quarter. Gotham Asset Management LLC now owns 1,558,361 shares of the company’s stock worth $38,133,000 after buying an additional 1,006,051 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in Reynolds Consumer Products by 3,783.5% during the third quarter. Ameriprise Financial Inc. now owns 749,982 shares of the company’s stock worth $18,352,000 after buying an additional 730,670 shares during the period. 26.81% of the stock is owned by institutional investors.

Reynolds Consumer Products Price Performance

REYN opened at $27.18 on Monday. The business has a fifty day moving average of $22.85 and a 200 day moving average of $22.82. The stock has a market cap of $5.73 billion, a P/E ratio of 17.31 and a beta of 0.54. The company has a quick ratio of 0.76, a current ratio of 1.79 and a debt-to-equity ratio of 0.68. Reynolds Consumer Products Inc. has a 52-week low of $20.44 and a 52-week high of $27.32.

Reynolds Consumer Products (NASDAQ:REYN) last released its earnings results on Wednesday, May 6th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. Reynolds Consumer Products had a return on equity of 16.05% and a net margin of 8.70%.The business had revenue of $877.00 million for the quarter, compared to analyst estimates of $822.42 million. During the same quarter last year, the firm posted $0.23 earnings per share. The business’s revenue was up 7.2% compared to the same quarter last year. 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. As a group, sell-side analysts anticipate that Reynolds Consumer Products Inc. will post 1.59 EPS for the current year.

Reynolds Consumer Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were issued a dividend of $0.23 per share. The ex-dividend date was Friday, May 15th. This represents a $0.92 dividend on an annualized basis and a yield of 3.4%. Reynolds Consumer Products’s dividend payout ratio (DPR) is presently 58.60%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on REYN shares. Barclays cut their price objective on shares of Reynolds Consumer Products from $25.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 14th. Weiss Ratings upgraded shares of Reynolds Consumer Products from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 29th. UBS Group dropped their price target on shares of Reynolds Consumer Products from $26.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, April 7th. Zacks Research upgraded shares of Reynolds Consumer Products from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Reynolds Consumer Products from $26.00 to $23.00 and set a “neutral” rating on the stock in a research report on Friday, April 17th. Seven investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Reynolds Consumer Products presently has an average rating of “Hold” and a consensus target price of $23.60.

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.