Reynolds Consumer Products (NASDAQ:REYN) Reaches New 1-Year High – Here’s What Happened

Reynolds Consumer Products Inc. (NASDAQ:REYN)’s share price reached a new 52-week high on Wednesday . The company traded as high as $27.21 and last traded at $27.1950, with a volume of 177584 shares trading hands. The stock had previously closed at $26.85.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on REYN. Royal Bank Of Canada set a $24.00 price objective on Reynolds Consumer Products and gave the stock a “sector perform” rating in a research report on Thursday, April 9th. UBS Group lowered their price target on shares of Reynolds Consumer Products from $26.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 7th. JPMorgan Chase & Co. cut their price target on shares of Reynolds Consumer Products from $26.00 to $23.00 and set a “neutral” rating for the company in a report on Friday, April 17th. Weiss Ratings raised shares of Reynolds Consumer Products from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday. Finally, Barclays lowered their target price on shares of Reynolds Consumer Products from $25.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 14th. Seven investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $23.60.

Reynolds Consumer Products Stock Up 0.8%

The firm has a market capitalization of $5.70 billion, a PE ratio of 17.24 and a beta of 0.58. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.76 and a current ratio of 1.79. The firm’s 50-day moving average is $22.49 and its 200 day moving average is $22.76.

Reynolds Consumer Products (NASDAQ:REYN) last announced its earnings results on Wednesday, May 6th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. Reynolds Consumer Products had a return on equity of 16.05% and a net margin of 8.70%.The firm had revenue of $877.00 million for the quarter, compared to analysts’ expectations of $822.42 million. During the same quarter in the prior year, the firm earned $0.23 EPS. Reynolds Consumer Products’s quarterly revenue was up 7.2% on a year-over-year basis. 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. As a group, research analysts forecast that Reynolds Consumer Products Inc. will post 1.59 earnings per share for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, May 15th. Reynolds Consumer Products’s dividend payout ratio (DPR) is currently 58.60%.

Institutional Trading of Reynolds Consumer Products

Hedge funds and other institutional investors have recently bought and sold shares of the company. Baird Financial Group Inc. lifted its stake in shares of Reynolds Consumer Products by 1.6% during 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 during the period. Larson Financial Group LLC increased its stake in Reynolds Consumer Products by 70.4% in the fourth quarter. Larson Financial Group LLC now owns 1,264 shares of the company’s stock valued at $29,000 after purchasing an additional 522 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in Reynolds Consumer Products by 6.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 10,089 shares of the company’s stock valued at $231,000 after purchasing an additional 582 shares during the last quarter. Hunter Perkins Capital Management LLC lifted its position in Reynolds Consumer Products by 1.2% during the fourth quarter. Hunter Perkins Capital Management LLC now owns 52,155 shares of the company’s stock worth $1,195,000 after buying an additional 605 shares during the period. Finally, GAMMA Investing LLC boosted its stake in Reynolds Consumer Products by 42.5% in the 4th quarter. GAMMA Investing LLC now owns 2,329 shares of the company’s stock worth $53,000 after buying an additional 695 shares during the last quarter. 26.81% of the stock is owned by hedge funds and other institutional investors.

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.