Legato Capital Management LLC Raises Holdings in Reynolds Consumer Products Inc. $REYN

Legato Capital Management LLC increased its stake in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) by 64.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 108,268 shares of the company’s stock after purchasing an additional 42,521 shares during the quarter. Legato Capital Management LLC’s holdings in Reynolds Consumer Products were worth $2,482,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Baird Financial Group Inc. boosted its stake in shares of Reynolds Consumer Products by 1.6% during the second quarter. Baird Financial Group Inc. now owns 32,882 shares of the company’s stock valued at $704,000 after purchasing an additional 516 shares during the period. Larson Financial Group LLC grew its holdings 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 purchasing an additional 522 shares during the last quarter. Hunter Perkins Capital Management LLC increased its stake in shares of Reynolds Consumer Products by 1.2% in the fourth quarter. Hunter Perkins Capital Management LLC now owns 52,155 shares of the company’s stock worth $1,195,000 after buying an additional 605 shares during the period. GAMMA Investing LLC raised its holdings in Reynolds Consumer Products by 42.5% during the 4th quarter. GAMMA Investing LLC now owns 2,329 shares of the company’s stock valued at $53,000 after buying an additional 695 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC boosted its position in Reynolds Consumer Products by 5.6% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 13,131 shares of the company’s stock valued at $297,000 after buying an additional 696 shares during the period. Institutional investors own 26.81% of the company’s stock.

Reynolds Consumer Products Trading Up 0.8%

NASDAQ:REYN opened at $21.79 on Friday. Reynolds Consumer Products Inc. has a 52 week low of $20.44 and a 52 week high of $26.25. The company’s 50 day moving average price is $21.37 and its 200-day moving average price is $22.95. 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 stock has a market cap of $4.59 billion, a price-to-earnings ratio of 13.88 and a beta of 0.57.

Reynolds Consumer Products (NASDAQ:REYN) last issued its earnings results on Wednesday, May 6th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $877.00 million for 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 firm’s quarterly 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. On average, equities research analysts forecast that Reynolds Consumer Products Inc. will post 1.59 earnings per share for the current fiscal year.

Reynolds Consumer Products Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Friday, May 15th. Reynolds Consumer Products’s dividend payout ratio (DPR) is presently 58.60%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on REYN. UBS Group cut their price target on shares of Reynolds Consumer Products from $26.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, April 7th. Barclays dropped their target price on shares of Reynolds Consumer Products from $25.00 to $24.00 and set an “equal weight” rating for the company in a report on Tuesday, April 14th. JPMorgan Chase & Co. cut their target price on Reynolds Consumer Products from $26.00 to $23.00 and set a “neutral” rating on the stock in a research note on Friday, April 17th. Royal Bank Of Canada set a $24.00 price target on Reynolds Consumer Products and gave the company a “sector perform” rating in a report on Thursday, April 9th. Finally, Zacks Research upgraded Reynolds Consumer Products from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Seven research analysts have rated the stock with a Hold rating, According to MarketBeat, Reynolds Consumer Products presently has a consensus rating of “Hold” and a consensus target price of $23.60.

Insider Activity

In other news, Director Rolf Stangl purchased 4,705 shares of the business’s stock in a transaction on Wednesday, March 18th. The stock was acquired at an average cost of $21.06 per share, for a total transaction of $99,087.30. Following the purchase, the director directly owned 39,537 shares in the company, valued at $832,649.22. This trade represents a 13.51% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.37% of the stock is currently owned by corporate insiders.

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.