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

Reynolds Consumer Products Inc. (NASDAQ:REYN)’s share price hit a new 52-week high on Thursday . The company traded as high as $26.38 and last traded at $26.2320, with a volume of 255241 shares traded. The stock had previously closed at $25.73.

Analysts Set New Price Targets

A number of research firms recently weighed in on REYN. Zacks Research raised Reynolds Consumer Products from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. UBS Group dropped their price objective on Reynolds Consumer Products from $26.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, April 7th. Weiss Ratings downgraded Reynolds Consumer Products from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, June 12th. Royal Bank Of Canada set a $24.00 target price on Reynolds Consumer Products and gave the company a “sector perform” rating in a research report on Thursday, April 9th. Finally, Barclays dropped their price target on shares of Reynolds Consumer Products from $25.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 14th. Seven investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Reynolds Consumer Products currently has an average rating of “Hold” and a consensus price target of $23.60.

Reynolds Consumer Products Stock Up 1.2%

The business has a fifty day simple moving average of $22.10 and a 200 day simple moving average of $22.68. The firm has a market cap of $5.49 billion, a price-to-earnings ratio of 16.58 and a beta of 0.58. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.79 and a quick ratio of 0.76.

Reynolds Consumer Products (NASDAQ:REYN) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.28 earnings per share (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 for the quarter, compared to analyst estimates of $822.42 million. During the same period in the previous year, the company posted $0.23 earnings per share. The business’s 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, equities analysts forecast that Reynolds Consumer Products Inc. will post 1.59 EPS for the current fiscal year.

Reynolds Consumer Products Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend 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%.

Hedge Funds Weigh In On Reynolds Consumer Products

Several hedge funds and other institutional investors have recently modified their holdings of REYN. Glenmede Trust Co. NA grew its stake in Reynolds Consumer Products by 11.7% during the 1st quarter. Glenmede Trust Co. NA now owns 10,500 shares of the company’s stock valued at $222,000 after acquiring an additional 1,097 shares in the last quarter. Bank of America Corp DE lifted its stake in Reynolds Consumer Products by 38.9% in the 1st quarter. Bank of America Corp DE now owns 662,465 shares of the company’s stock worth $14,031,000 after purchasing an additional 185,665 shares in the last quarter. Edgestream Partners L.P. acquired a new position in shares of Reynolds Consumer Products during the 1st quarter worth approximately $1,463,000. Altshuler Shaham Ltd grew its position in shares of Reynolds Consumer Products by 545.8% in the first quarter. Altshuler Shaham Ltd now owns 5,935 shares of the company’s stock valued at $126,000 after purchasing an additional 5,016 shares in the last quarter. Finally, Amundi acquired a new stake in shares of Reynolds Consumer Products in the first quarter valued at approximately $2,194,000. 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.