Freestone Grove Partners LP Purchases Shares of 36,226 Reynolds Consumer Products Inc. $REYN

Freestone Grove Partners LP purchased a new stake in Reynolds Consumer Products Inc. (NASDAQ:REYN) during the second quarter, HoldingsChannel.com reports. The fund purchased 36,226 shares of the company’s stock, valued at approximately $973,000.

A number of other institutional investors and hedge funds have also modified their holdings of REYN. Larson Financial Group LLC lifted its stake in shares of Reynolds Consumer Products by 70.4% in the fourth quarter. Larson Financial Group LLC now owns 1,264 shares of the company’s stock worth $29,000 after buying an additional 522 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Reynolds Consumer Products in the 2nd quarter valued at $31,000. Farther Finance Advisors LLC raised its holdings in Reynolds Consumer Products by 127.7% in the 4th quarter. Farther Finance Advisors LLC now owns 1,391 shares of the company’s stock worth $32,000 after acquiring an additional 780 shares during the period. Global Retirement Partners LLC bought a new position in Reynolds Consumer Products in the 2nd quarter worth $34,000. Finally, SJS Investment Consulting Inc. lifted its position in Reynolds Consumer Products by 4,657.9% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,808 shares of the company’s stock worth $38,000 after acquiring an additional 1,770 shares during the last quarter. 26.81% of the stock is currently owned by institutional investors and hedge funds.

Reynolds Consumer Products Price Performance

NASDAQ:REYN opened at $24.05 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.80 and a quick ratio of 0.71. Reynolds Consumer Products Inc. has a one year low of $20.44 and a one year high of $27.32. The company has a fifty day moving average price of $25.88 and a 200 day moving average price of $23.48. The stock has a market cap of $5.07 billion, a P/E ratio of 14.66 and a beta of 0.55.

Reynolds Consumer Products (NASDAQ:REYN) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.02. Reynolds Consumer Products had a net margin of 9.11% and a return on equity of 16.03%. The company had revenue of $944.00 million for the quarter, compared to analyst estimates of $935.46 million. During the same period last year, the business posted $0.39 EPS. The business’s quarterly revenue was up .6% on a year-over-year basis. Reynolds Consumer Products has set its Q3 2026 guidance at 0.370-0.390 EPS and its FY 2026 guidance at 1.570-1.630 EPS. Analysts anticipate that Reynolds Consumer Products Inc. will post 1.59 earnings per share for the current year.

Reynolds Consumer Products Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $0.92 dividend on an annualized basis and a yield of 3.8%. Reynolds Consumer Products’s dividend payout ratio (DPR) is 56.10%.

Analyst Ratings Changes

REYN has been the subject of a number of recent analyst reports. Weiss Ratings upgraded shares of Reynolds Consumer Products from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 29th. Canaccord Genuity Group lifted their price objective on Reynolds Consumer Products from $24.00 to $25.00 and gave the stock a “hold” rating in a research note on Thursday, July 30th. JPMorgan Chase & Co. boosted their price objective on Reynolds Consumer Products from $23.00 to $27.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Piper Sandler upgraded Reynolds Consumer Products to an “overweight” rating in a research note on Thursday, July 30th. Finally, UBS Group raised their target price on Reynolds Consumer Products from $23.00 to $27.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. One equities research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, Reynolds Consumer Products currently has a consensus rating of “Hold” and an average price target of $25.60.

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.