Louisiana State Employees Retirement System Buys Shares of 24,300 Reynolds Consumer Products Inc. $REYN

Louisiana State Employees Retirement System purchased a new position in Reynolds Consumer Products Inc. (NASDAQ:REYN) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 24,300 shares of the company’s stock, valued at approximately $515,000.

A number of other hedge funds have also recently made changes to their positions in REYN. Larson Financial Group LLC grew 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. Farther Finance Advisors LLC lifted its position in shares of Reynolds Consumer Products by 127.7% during the fourth quarter. Farther Finance Advisors LLC now owns 1,391 shares of the company’s stock valued at $32,000 after buying an additional 780 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of Reynolds Consumer Products by 119.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,794 shares of the company’s stock valued at $41,000 after buying an additional 978 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Reynolds Consumer Products by 199,400.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,995 shares of the company’s stock valued at $46,000 after buying an additional 1,994 shares in the last quarter. Finally, Rothschild Investment LLC grew its position in shares of Reynolds Consumer Products by 67.3% in the 4th quarter. Rothschild Investment LLC now owns 2,181 shares of the company’s stock worth $50,000 after buying an additional 877 shares during the last quarter. 26.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on REYN shares. UBS Group reduced their price objective on shares of Reynolds Consumer Products from $26.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, April 7th. JPMorgan Chase & Co. lowered their target price on shares of Reynolds Consumer Products from $26.00 to $23.00 and set a “neutral” rating for the company in a research note on Friday, April 17th. Zacks Research raised Reynolds Consumer Products from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Royal Bank Of Canada set a $24.00 price objective on Reynolds Consumer Products and gave the company a “sector perform” rating in a report on Thursday, April 9th. Finally, Weiss Ratings raised Reynolds Consumer Products from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 29th. Seven equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $23.60.

Reynolds Consumer Products Trading Down 1.0%

Shares of NASDAQ:REYN opened at $26.20 on Wednesday. Reynolds Consumer Products Inc. has a 52-week low of $20.44 and a 52-week high of $27.32. The stock has a market cap of $5.52 billion, a price-to-earnings ratio of 16.69 and a beta of 0.54. The company has a quick ratio of 0.76, a current ratio of 1.79 and a debt-to-equity ratio of 0.68. The business has a 50-day moving average price of $23.06 and a 200-day moving average price of $22.85.

Reynolds Consumer Products (NASDAQ:REYN) last released its earnings results on Wednesday, May 6th. The company reported $0.28 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $822.42 million. During the same quarter in the previous year, the company posted $0.23 earnings per share. The company’s revenue was up 7.2% compared to the same quarter last year. 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. Equities analysts predict that Reynolds Consumer Products Inc. will post 1.59 EPS for the current year.

Reynolds Consumer Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were paid a $0.23 dividend. The ex-dividend date was Friday, May 15th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.5%. Reynolds Consumer Products’s dividend payout ratio is presently 58.60%.

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.