Lone Peak Global Investors LLC Lowers Stock Holdings in Reynolds Consumer Products Inc. $REYN

Lone Peak Global Investors LLC reduced its holdings in Reynolds Consumer Products Inc. (NASDAQ:REYN) by 32.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 555,713 shares of the company’s stock after selling 265,719 shares during the quarter. Lone Peak Global Investors LLC’s holdings in Reynolds Consumer Products were worth $14,921,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Larson Financial Group LLC boosted 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 worth $29,000 after buying an additional 522 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Reynolds Consumer Products during the 2nd quarter valued at about $31,000. Farther Finance Advisors LLC lifted its holdings in shares of Reynolds Consumer Products by 127.7% during the 4th quarter. Farther Finance Advisors LLC now owns 1,391 shares of the company’s stock worth $32,000 after acquiring an additional 780 shares during the period. Global Retirement Partners LLC acquired a new stake in shares of Reynolds Consumer Products in the second quarter worth approximately $34,000. Finally, SJS Investment Consulting Inc. boosted its position in shares of Reynolds Consumer Products by 4,657.9% in the first quarter. SJS Investment Consulting Inc. now owns 1,808 shares of the company’s stock worth $38,000 after acquiring an additional 1,770 shares during the last quarter. 26.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on REYN. Piper Sandler raised shares of Reynolds Consumer Products to an “overweight” rating in a research report on Thursday, July 30th. UBS Group lifted their price target on shares of Reynolds Consumer Products from $23.00 to $27.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. Weiss Ratings raised shares of Reynolds Consumer Products from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 29th. JPMorgan Chase & Co. upped their price objective 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, Barclays increased 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. One equities research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $25.60.

Reynolds Consumer Products Stock Down 2.0%

REYN opened at $22.68 on Wednesday. Reynolds Consumer Products Inc. has a 1 year low of $20.44 and a 1 year high of $27.32. The firm has a 50 day moving average price of $25.83 and a 200 day moving average price of $23.48. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.71 and a current ratio of 1.80. The company has a market cap of $4.78 billion, a PE ratio of 13.83 and a beta of 0.55.

Reynolds Consumer Products (NASDAQ:REYN) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.02. Reynolds Consumer Products had a net margin of 9.11% and a return on equity of 16.03%. The company had revenue of $944.00 million during the quarter, compared to the consensus estimate of $935.46 million. During the same period in the previous year, the firm earned $0.39 earnings per share. Reynolds Consumer Products’s revenue for the quarter 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. Sell-side analysts expect that Reynolds Consumer Products Inc. will post 1.59 earnings per share for the current year.

Reynolds Consumer Products Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Monday, August 17th. Reynolds Consumer Products’s dividend payout ratio is 56.10%.

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.