Royal Bank of Canada Has $1.37 Million Holdings in Reynolds Consumer Products Inc. $REYN

Royal Bank of Canada boosted its holdings in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) by 2,894.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 64,768 shares of the company’s stock after buying an additional 62,605 shares during the quarter. Royal Bank of Canada’s holdings in Reynolds Consumer Products were worth $1,372,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. AQR Capital Management LLC raised its holdings in Reynolds Consumer Products by 163.3% during the third quarter. AQR Capital Management LLC now owns 4,951,190 shares of the company’s stock valued at $121,156,000 after buying an additional 3,071,015 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of Reynolds Consumer Products by 858.3% during the 2nd quarter. Jane Street Group LLC now owns 1,204,840 shares of the company’s stock valued at $25,808,000 after acquiring an additional 1,079,116 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Reynolds Consumer Products by 3,783.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 749,982 shares of the company’s stock valued at $18,352,000 after acquiring an additional 730,670 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Reynolds Consumer Products by 17.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,425,029 shares of the company’s stock valued at $101,426,000 after acquiring an additional 649,120 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Reynolds Consumer Products in the 4th quarter valued at approximately $12,806,000. 26.81% of the stock is owned by institutional investors and hedge funds.

Reynolds Consumer Products Stock Performance

REYN opened at $26.08 on Thursday. The company has a quick ratio of 0.71, a current ratio of 1.80 and a debt-to-equity ratio of 0.66. The stock’s 50 day moving average price is $25.71 and its two-hundred day moving average price is $23.39. The firm has a market capitalization of $5.50 billion, a P/E ratio of 15.90 and a beta of 0.55. Reynolds Consumer Products Inc. has a 12-month low of $20.44 and a 12-month high of $27.32.

Reynolds Consumer Products (NASDAQ:REYN) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $944.00 million during the quarter, compared to analyst estimates of $935.46 million. During the same period in the previous year, the company earned $0.39 earnings per share. The company’s quarterly revenue was up .6% compared to the same quarter last year. 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 analysts forecast 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. Investors of record on Monday, August 17th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 3.5%. The ex-dividend date is Monday, August 17th. Reynolds Consumer Products’s dividend payout ratio is presently 56.10%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on REYN shares. Barclays upped their target price on 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 boosted their price objective 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. Weiss Ratings raised shares of Reynolds Consumer Products from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 29th. Canaccord Genuity Group raised their target price on shares of Reynolds Consumer Products from $24.00 to $25.00 and gave the company a “hold” rating in a research note on Thursday, July 30th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Reynolds Consumer Products from $23.00 to $27.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. One equities research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Reynolds Consumer Products currently has a consensus rating of “Hold” and a consensus price target 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.