Caitong International Asset Management Co. Ltd Increases Stock Position in Reynolds Consumer Products Inc. $REYN

Caitong International Asset Management Co. Ltd lifted its holdings in Reynolds Consumer Products Inc. (NASDAQ:REYN) by 14,434.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,343 shares of the company’s stock after purchasing an additional 3,320 shares during the period. Caitong International Asset Management Co. Ltd’s holdings in Reynolds Consumer Products were worth $72,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Reynolds Consumer Products by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 6,002,580 shares of the company’s stock worth $143,222,000 after purchasing an additional 159,522 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Reynolds Consumer Products by 2.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 607,090 shares of the company’s stock worth $14,485,000 after purchasing an additional 15,184 shares during the period. Millennium Management LLC lifted its position in shares of Reynolds Consumer Products by 11.3% in the 1st quarter. Millennium Management LLC now owns 592,459 shares of the company’s stock worth $14,136,000 after purchasing an additional 60,198 shares during the period. Ceredex Value Advisors LLC lifted its position in shares of Reynolds Consumer Products by 16.5% in the 1st quarter. Ceredex Value Advisors LLC now owns 545,829 shares of the company’s stock worth $13,023,000 after purchasing an additional 77,469 shares during the period. Finally, Villere ST Denis J & Co. LLC lifted its position in Reynolds Consumer Products by 7.2% during the first quarter. Villere ST Denis J & Co. LLC now owns 315,945 shares of the company’s stock valued at $7,538,000 after acquiring an additional 21,205 shares during the last quarter. Hedge funds and other institutional investors own 26.81% of the company’s stock.

Analyst Ratings Changes

REYN has been the subject of a number of analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Reynolds Consumer Products in a research report on Wednesday, October 8th. Barclays increased their target price on shares of Reynolds Consumer Products from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Friday, August 1st. Finally, UBS Group reissued a “neutral” rating and set a $25.00 target price on shares of Reynolds Consumer Products in a research report on Tuesday. Two analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Reynolds Consumer Products presently has a consensus rating of “Hold” and an average target price of $26.75.

Insider Buying and Selling at Reynolds Consumer Products

In other Reynolds Consumer Products news, Director Duncan Hawkesby acquired 159,506 shares of the business’s stock in a transaction dated Tuesday, August 26th. The shares were purchased at an average price of $22.99 per share, for a total transaction of $3,667,042.94. Following the completion of the purchase, the director directly owned 334,092 shares of the company’s stock, valued at $7,680,775.08. The trade was a 91.36% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have acquired a total of 231,092 shares of company stock valued at $5,316,902 in the last quarter. 0.15% of the stock is owned by corporate insiders.

Reynolds Consumer Products Trading Up 0.3%

NASDAQ REYN opened at $23.42 on Friday. The company has a fifty day simple moving average of $23.44 and a two-hundred day simple moving average of $22.75. The stock has a market cap of $4.93 billion, a P/E ratio of 15.72 and a beta of 0.60. Reynolds Consumer Products Inc. has a 12-month low of $20.91 and a 12-month high of $30.18. The company has a current ratio of 1.85, a quick ratio of 0.75 and a debt-to-equity ratio of 0.75.

Reynolds Consumer Products (NASDAQ:REYN) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The business had revenue of $938.00 million during the quarter, compared to analysts’ expectations of $899.05 million. Reynolds Consumer Products had a net margin of 8.44% and a return on equity of 16.00%. The business’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter last year, the company posted $0.46 earnings per share. Reynolds Consumer Products has set its Q3 2025 guidance at 0.370-0.410 EPS. FY 2025 guidance at 1.540-1.610 EPS. On average, analysts forecast that Reynolds Consumer Products Inc. will post 1.66 earnings per share for the current year.

Reynolds Consumer Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be paid a $0.23 dividend. The ex-dividend date is Friday, November 14th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.9%. Reynolds Consumer Products’s dividend payout ratio is presently 61.74%.

Reynolds Consumer Products Company Profile

Reynolds Consumer Products Inc produces and sells products in cooking, waste and storage, and tableware product categories in the United States and internationally. It operates through four segments: Reynolds Cooking & Baking, Hefty Waste & Storage, Hefty Tableware, and Presto Products. The Reynolds Cooking & Baking segment produces aluminum foil, disposable aluminum pans, parchment paper, freezer paper, wax paper, butcher paper, plastic wrap, baking cups, oven bags, and slow cooker liners under the Reynolds Wrap, Reynolds KITCHENS, and EZ Foil brands in the United States, as well as under the ALCAN brand in Canada and under the Diamond brand internationally.