Reynolds Consumer Products Inc. $REYN Shares Purchased by KBC Group NV

KBC Group NV grew its holdings in Reynolds Consumer Products Inc. (NASDAQ:REYN) by 3,934.6% during the 1st quarter, Holdings Channel reports. The fund owned 126,807 shares of the company’s stock after purchasing an additional 123,664 shares during the period. KBC Group NV’s holdings in Reynolds Consumer Products were worth $2,686,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the stock. Baird Financial Group Inc. boosted its position 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 in the last quarter. Larson Financial Group LLC lifted its stake in Reynolds Consumer Products by 70.4% in the 4th quarter. Larson Financial Group LLC now owns 1,264 shares of the company’s stock valued at $29,000 after buying an additional 522 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Reynolds Consumer Products by 6.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 10,089 shares of the company’s stock worth $231,000 after acquiring an additional 582 shares during the last quarter. Hunter Perkins Capital Management LLC boosted its stake in Reynolds Consumer Products by 1.2% during the 4th quarter. Hunter Perkins Capital Management LLC now owns 52,155 shares of the company’s stock worth $1,195,000 after purchasing an additional 605 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in Reynolds Consumer Products by 42.5% during the fourth quarter. GAMMA Investing LLC now owns 2,329 shares of the company’s stock worth $53,000 after acquiring an additional 695 shares during the last quarter. Hedge funds and other institutional investors own 26.81% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Weiss Ratings upgraded Reynolds Consumer Products from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 29th. Zacks Research upgraded shares of Reynolds Consumer Products from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. JPMorgan Chase & Co. boosted their price target on shares of Reynolds Consumer Products from $23.00 to $27.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Barclays upped their price objective on Reynolds Consumer Products from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Finally, Royal Bank Of Canada set a $24.00 target price on shares of Reynolds Consumer Products and gave the company a “sector perform” rating in a report on Thursday, April 9th. Seven equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Reynolds Consumer Products has an average rating of “Hold” and an average target price of $25.40.

Reynolds Consumer Products Stock Up 1.6%

Reynolds Consumer Products stock opened at $25.61 on Friday. The company has a market capitalization of $5.40 billion, a P/E ratio of 16.31 and a beta of 0.54. Reynolds Consumer Products Inc. has a fifty-two week low of $20.44 and a fifty-two week high of $27.32. The stock has a 50-day simple moving average of $24.27 and a 200-day simple moving average of $23.10. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.76 and a current ratio of 1.79.

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

Reynolds Consumer Products Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Monday, August 17th. Reynolds Consumer Products’s dividend payout ratio (DPR) is 58.60%.

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.