Hsbc Holdings PLC Has $1.16 Million Stock Holdings in Reynolds Consumer Products Inc. $REYN

Hsbc Holdings PLC decreased its position in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) by 63.9% during the 1st quarter, Holdings Channel reports. The fund owned 55,307 shares of the company’s stock after selling 97,923 shares during the quarter. Hsbc Holdings PLC’s holdings in Reynolds Consumer Products were worth $1,161,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Jackson Creek Investment Advisors LLC bought a new stake in shares of Reynolds Consumer Products during the fourth quarter worth $1,730,000. Landscape Capital Management L.L.C. bought a new stake in Reynolds Consumer Products in the 4th quarter valued at $2,417,000. Dean Capital Management boosted its stake in Reynolds Consumer Products by 48.2% in the 4th quarter. Dean Capital Management now owns 155,712 shares of the company’s stock worth $3,569,000 after purchasing an additional 50,673 shares during the period. Kera Capital Partners Inc. acquired a new position in Reynolds Consumer Products in the 4th quarter worth $579,000. Finally, Exchange Traded Concepts LLC bought a new position in Reynolds Consumer Products during the 4th quarter worth about $802,000. Institutional investors and hedge funds own 26.81% of the company’s stock.

Reynolds Consumer Products Stock Performance

NASDAQ REYN opened at $25.81 on Wednesday. The company has a current ratio of 1.79, a quick ratio of 0.76 and a debt-to-equity ratio of 0.68. The firm’s fifty day moving average price is $24.44 and its two-hundred day moving average price is $23.14. Reynolds Consumer Products Inc. has a 1 year low of $20.44 and a 1 year high of $27.32. The firm has a market capitalization of $5.44 billion, a P/E ratio of 16.44 and a beta of 0.54.

Reynolds Consumer Products (NASDAQ:REYN) last announced its quarterly 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 net margin of 8.70% and a return on equity of 16.05%. The firm had revenue of $877.00 million during the quarter, compared to analysts’ expectations of $822.42 million. During the same quarter last year, the company posted $0.23 earnings per share. The company’s revenue for the quarter 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. As a group, research analysts anticipate that Reynolds Consumer Products Inc. will post 1.59 EPS for the current year.

Reynolds Consumer Products Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be issued a dividend of $0.23 per share. The ex-dividend date is Monday, August 17th. This represents a $0.92 dividend on an annualized basis and a yield of 3.6%. Reynolds Consumer Products’s dividend payout ratio (DPR) is presently 58.60%.

Analyst Upgrades and Downgrades

REYN has been the topic of several recent research reports. UBS Group lifted their price target on Reynolds Consumer Products from $23.00 to $27.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Weiss Ratings raised Reynolds Consumer Products from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 29th. Royal Bank Of Canada set a $24.00 price objective on Reynolds Consumer Products and gave the stock a “sector perform” rating in a report on Thursday, April 9th. Zacks Research raised Reynolds Consumer Products from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Finally, JPMorgan Chase & Co. boosted their target price on Reynolds Consumer Products from $23.00 to $27.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Seven equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $25.40.

Reynolds Consumer Products Profile

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.