Short Interest in Reynolds Consumer Products Inc. (NASDAQ:REYN) Declines By 22.6%

Reynolds Consumer Products Inc. (NASDAQ:REYN) was the recipient of a significant drop in short interest in February. As of February 27th, there was short interest totaling 5,587,005 shares, a drop of 22.6% from the February 12th total of 7,216,570 shares. Approximately 2.7% of the shares of the stock are short sold. Based on an average daily volume of 856,663 shares, the short-interest ratio is presently 6.5 days. Based on an average daily volume of 856,663 shares, the short-interest ratio is presently 6.5 days. Approximately 2.7% of the shares of the stock are short sold.

Reynolds Consumer Products Stock Up 0.0%

REYN traded up $0.01 on Friday, hitting $21.47. The company had a trading volume of 859,034 shares, compared to its average volume of 885,546. Reynolds Consumer Products has a 12-month low of $20.91 and a 12-month high of $26.25. The stock has a market capitalization of $4.52 billion, a price-to-earnings ratio of 14.91 and a beta of 0.57. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.92 and a current ratio of 1.93. The stock has a fifty day moving average price of $23.43 and a 200-day moving average price of $23.71.

Reynolds Consumer Products (NASDAQ:REYN) last posted its quarterly earnings data on Wednesday, February 4th. The company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). Reynolds Consumer Products had a return on equity of 15.86% and a net margin of 8.09%.The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the business earned $0.58 EPS. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. Reynolds Consumer Products has set its FY 2026 guidance at 1.570-1.630 EPS and its Q1 2026 guidance at 0.230-0.250 EPS. Analysts predict that Reynolds Consumer Products will post 1.66 EPS for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.3%. Reynolds Consumer Products’s payout ratio is 63.89%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. UBS Group boosted their target price on Reynolds Consumer Products from $25.00 to $26.00 and gave the company a “neutral” rating in a research report on Thursday, February 5th. Canaccord Genuity Group cut their price objective on shares of Reynolds Consumer Products from $27.00 to $24.00 and set a “hold” rating on the stock in a research report on Monday, January 26th. Royal Bank Of Canada reduced their target price on shares of Reynolds Consumer Products from $28.00 to $25.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 5th. Weiss Ratings restated a “hold (c)” rating on shares of Reynolds Consumer Products in a report on Wednesday, January 28th. Finally, Zacks Research downgraded shares of Reynolds Consumer Products from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 11th. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $25.43.

Hedge Funds Weigh In On Reynolds Consumer Products

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada boosted its holdings in Reynolds Consumer Products by 1.9% in the first quarter. Royal Bank of Canada now owns 94,024 shares of the company’s stock valued at $2,244,000 after purchasing an additional 1,720 shares during the last quarter. Millennium Management LLC raised its stake in shares of Reynolds Consumer Products by 11.3% during the 1st quarter. Millennium Management LLC now owns 592,459 shares of the company’s stock valued at $14,136,000 after buying an additional 60,198 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Reynolds Consumer Products by 60.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 222,853 shares of the company’s stock valued at $5,317,000 after buying an additional 83,633 shares during the period. Jane Street Group LLC lifted its holdings in shares of Reynolds Consumer Products by 488.4% in the 1st quarter. Jane Street Group LLC now owns 125,724 shares of the company’s stock valued at $3,000,000 after buying an additional 104,357 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Reynolds Consumer Products by 0.5% in the second quarter. Geode Capital Management LLC now owns 1,092,884 shares of the company’s stock worth $23,413,000 after buying an additional 5,554 shares during the last quarter. Institutional investors and hedge funds own 26.81% of the company’s stock.

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.