Bryce Point Capital LLC Takes Position in Reynolds Consumer Products Inc. $REYN

Bryce Point Capital LLC purchased a new stake in Reynolds Consumer Products Inc. (NASDAQ:REYN) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 36,532 shares of the company’s stock, valued at approximately $783,000.

Other large investors also recently made changes to their positions in the company. Cubist Systematic Strategies LLC acquired a new stake in Reynolds Consumer Products during the 1st quarter worth $4,522,000. Jacobs Levy Equity Management Inc. raised its stake in Reynolds Consumer Products by 141.4% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 314,756 shares of the company’s stock worth $7,510,000 after buying an additional 184,359 shares during the period. Victory Capital Management Inc. raised its stake in Reynolds Consumer Products by 842.2% during the 1st quarter. Victory Capital Management Inc. now owns 183,448 shares of the company’s stock worth $4,377,000 after buying an additional 163,977 shares during the period. Vanguard Group Inc. raised its stake in Reynolds Consumer Products by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 6,002,580 shares of the company’s stock worth $143,222,000 after buying an additional 159,522 shares during the period. Finally, CX Institutional raised its stake in Reynolds Consumer Products by 121.0% during the 2nd quarter. CX Institutional now owns 263,857 shares of the company’s stock worth $5,652,000 after buying an additional 144,451 shares during the period. Institutional investors and hedge funds own 26.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. UBS Group raised their price objective on Reynolds Consumer Products from $25.00 to $26.00 and gave the stock a “neutral” rating in a research note on Thursday. Barclays raised their price objective on Reynolds Consumer Products from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Friday, August 1st. Canaccord Genuity Group raised their price objective on Reynolds Consumer Products from $25.00 to $27.00 and gave the stock a “hold” rating in a research note on Thursday. Royal Bank Of Canada raised their price objective on Reynolds Consumer Products from $25.00 to $28.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 30th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Reynolds Consumer Products in a research note on Friday. Two analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $26.75.

Reynolds Consumer Products Price Performance

REYN stock opened at $24.51 on Tuesday. The stock has a 50-day moving average price of $23.60 and a two-hundred day moving average price of $22.78. The stock has a market cap of $5.16 billion, a PE ratio of 16.79 and a beta of 0.58. The company has a current ratio of 1.94, a quick ratio of 0.80 and a debt-to-equity ratio of 0.74. Reynolds Consumer Products Inc. has a 1 year low of $20.91 and a 1 year high of $28.66.

Reynolds Consumer Products (NASDAQ:REYN) last released its earnings results on Wednesday, October 29th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. The firm had revenue of $931.00 million during the quarter, compared to analysts’ expectations of $900.12 million. Reynolds Consumer Products had a return on equity of 15.88% and a net margin of 8.20%.The company’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 EPS. Reynolds Consumer Products has set its FY 2025 guidance at 1.400-1.440 EPS. Q4 2025 guidance at 0.520-0.560 EPS. Equities analysts forecast that Reynolds Consumer Products Inc. will post 1.66 EPS for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Friday, November 14th. Reynolds Consumer Products’s dividend payout ratio is 63.01%.

Insider Transactions at Reynolds Consumer Products

In other news, Director Duncan Hawkesby bought 159,506 shares of the stock in a transaction on Tuesday, August 26th. The stock was purchased at an average price of $22.99 per share, for a total transaction of $3,667,042.94. Following the acquisition, the director owned 334,092 shares in the company, valued at approximately $7,680,775.08. This trade represents a 91.36% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In the last three months, insiders bought 231,092 shares of company stock worth $5,316,902. 0.15% of the stock is currently owned by corporate insiders.

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.