Berry GlobalBERY
Market Cap: $7.74B
About: Berry global Group Inc is a leading global supplier of plastic packaging products mainly sold to consumer-oriented end markets. The four business segments are consumer packaging international, consumer packaging North America, engineered materials, and health, hygiene, and specialties. The company primarily uses plastic resin as its raw material, purchased from a variety of suppliers. The majority of revenue comes from consumer packaging international due to the acquisition of RPC, which expanded the geographical areas in which the company operates. The consumer packaging segment consists of closures and dispensing systems, pharmaceutical devices and packaging, bottles and canisters, polythene films, recycling, containers, and technical components.
Employees: 44,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
184% more call options, than puts
Call options by funds: $28.7M | Put options by funds: $10.1M
1.58% more ownership
Funds ownership: 97.91% [Q1] → 99.49% (+1.58%) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 12 [Q1] → 12 (+0) [Q2]
2% less capital invested
Capital invested by funds: $6.86B [Q1] → $6.69B (-$168M) [Q2]
5% less funds holding
Funds holding: 407 [Q1] → 388 (-19) [Q2]
28% less repeat investments, than reductions
Existing positions increased: 121 | Existing positions reduced: 168
29% less first-time investments, than exits
New positions opened: 47 | Existing positions closed: 66
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Morgan Stanley Stefan Diaz 0 / 0 met price target | 12%upside $76 | Equal-Weight Initiated | 4 Sept 2024 |
UBS Joshua Spector 53% 1-year accuracy 20 / 38 met price target | 14%upside $77 | Buy Maintained | 17 Jul 2024 |