Berry Global
BERY

$65.05

2.41%

Market Cap: 7.44B

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

Materials Plastics Products

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 7 analysts

0

News positive %

of 6 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

72% more call options, than puts

Call options by funds: $19.3M | Put options by funds: $11.2M

1.51% more ownership

Funds ownership: 95.69% [Q4 2023] → 97.21% (+1.51%) [Q1 2024]

0% more funds holding in top 10

Funds holding in top 10: 12 [Q4 2023] → 12 (+0) [Q1 2024]

7% less repeat investments, than reductions

Existing positions increased: 147 | Existing positions reduced: 158

5% less funds holding

Funds holding: 423 [Q4 2023] → 401 (-22) [Q1 2024]

9% less capital invested

Capital invested by funds: $7.45B [Q4 2023] → $6.81B (-$635M) [Q1 2024]

31% less first-time investments, than exits

New positions opened: 50 | Existing positions closed: 72

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Research analyst outlook

7 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$62

5%

downside

Avg. target

$69

6%

upside

High target

$81

25%

upside

7 analyst ratings

2 positive

29%

5 neutral

71%

0 negative

0%

UBS Joshua Spector	18%upside $77	Buy Maintained	17 Jul 2024
B of A Securities George Staphos	25%upside $81	Buy Maintained	10 May 2024
Baird Ghansham Panjabi	0%downside $65	Neutral Downgraded	16 Apr 2024
Truist Securities Michael Roxland	5%upside $68	Hold Downgraded	27 Mar 2024
RBC Capital Arun Viswanathan	5%downside $62	Sector Perform Downgraded	15 Mar 2024

See Analyst Rankings

Financial journalist opinion

Based on 6 articles about BERY published over the past 30 days

Zacks Investment Research

Berry Global (BERY) Reports Next Week: Wall Street Expects Earnings Growth

Berry Global (BERY) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Berry Global (BERY) Reports Next Week: Wall Street Expects Earnings Growth

Berry and Glatfelter Announce New Brand Name and Identity in Connection with Proposed Merger of Berry's Health, Hygiene and Specialties Global Nonwovens and Films Business and Glatfelter

EVANSVILLE, Ind.--(BUSINESS WIRE)--Berry Global Group, Inc. (NYSE: BERY) and Glatfelter Corporation (NYSE: GLT) announced that the proposed merger of Berry's Health, Hygiene and Specialties Global Nonwovens and Films (“HHNF”) business with Glatfelter progressed further today with the creation of the Magnera brand (pronounced ‘Mag-nair-uh'), a global leader in the specialty materials industry. The launch of this new identity marks the next chapter in the transaction journey, emphasizing a commit.

Berry Helps Wells Create Widely Recyclable Blue Bunny Twist Pints

EVANSVILLE, Ind.--(BUSINESS WIRE)--Global packaging leader, Berry Global Group, Inc. (NYSE: BERY), worked with U.S.-based ice cream manufacturer, Wells Enterprises, Inc., to expand its Twist Cones frozen treat line into single-serve, freezer-grade Twist pints for Blue Bunny. The new pints, which offer a new twist on soft serve, are currently available at retailers across the U.S., including Walmart, Kroger, Food Lion, Albertson's, Safeway, and Publix. Made with widely recyclable polypropylene (.

Berry Helps Wells Create Widely Recyclable Blue Bunny Twist Pints

Berry Global Group, Inc. to Release Third Fiscal Quarter 2024 Results on August 2, 2024

EVANSVILLE, Ind.--(BUSINESS WIRE)--Berry Global Group, Inc. (NYSE: BERY), announced today that it will release its third fiscal quarter 2024 results on Friday, August 2, 2024, before trading begins on the New York Stock Exchange. At 10 a.m. Eastern Time on that day, Berry will hold its quarterly conference call on the Company's results and performance. This call will be webcast live at the Company's website at https://ir.berryglobal.com/financials. A new, simplified event registration and acces.

Berry Global Group, Inc. to Release Third Fiscal Quarter 2024 Results on August 2, 2024

Zacks Investment Research

Here's Why You Should Hold on to Berry Global (BERY) Stock

Berry Global (BERY) gains from investments in the latest equipment technologies and a balanced capital allocation strategy. However, weakness in the Consumer Packaging unit remains a concern.

Here's Why You Should Hold on to Berry Global (BERY) Stock

Zacks Investment Research

Berry Global (BERY), La Rosee Unite on Deodorant Refill Solution

Berry Global (BERY) partners with La Rosee to develop a sustainable refillable deodorant stick named Exclusive Refill.

Berry Global (BERY), La Rosee Unite on Deodorant Refill Solution

Zacks Investment Research

Berry Global (BERY) Gets Regulatory Clearance for HHNF Spin-Off

Berry Global (BERY) achieves an additional regulatory milestone regarding the spin-off of its Health, Hygiene and Specialties segment.

Berry Global (BERY) Gets Regulatory Clearance for HHNF Spin-Off

Berry and Glatfelter Announce Additional Regulatory Milestone in Proposed Transaction for Spin-Off and Merger of Berry's Health, Hygiene and Specialties Global Nonwovens and Films Business with Glatfelter

EVANSVILLE, Ind.--(BUSINESS WIRE)--Berry Global Group, Inc. (NYSE: BERY) and Glatfelter Corporation (NYSE: GLT) announced today the achievement of an additional regulatory milestone in the proposed transaction involving the combination of a majority of Berry's Health, Hygiene and Specialties segment to include its Global Nonwovens and Films business (“HHNF”) with Glatfelter. In addition to the previously announced expiration of the required waiting period under the Hart-Scott-Rodino (HSR) Antit.

Berry and Glatfelter Announce Additional Regulatory Milestone in Proposed Transaction for Spin-Off and Merger of Berry's Health, Hygiene and Specialties Global Nonwovens and Films Business with Glatfelter

Zacks Investment Research

Berry Global (BERY) Exhibits Strong Prospects Despite Headwinds

Berry Global (BERY) is set to benefit from investments in the latest equipment technologies and cost-reduction actions. However, weakness in Consumer Packaging remains a concern.

Berry Global (BERY) Exhibits Strong Prospects Despite Headwinds

Berry Global Announces Consideration for Tender Offer for Certain Outstanding 4.875% First Priority Senior Secured Notes Due 2026

EVANSVILLE, Ind.--(BUSINESS WIRE)--Berry Global Group, Inc. (NYSE: BERY) (“Berry”), a leading supplier of packaging solutions for consumer goods and industrial products, announced today the consideration payable as set forth in the table below in respect of the previously announced tender offer (the “Tender Offer”) by Berry Global, Inc., its wholly owned subsidiary (the “Company”) to purchase for cash its outstanding 4.875% First Priority Senior Secured Notes due 2026 (the “Notes”). The conside.

Berry Global Announces Consideration for Tender Offer for Certain Outstanding 4.875% First Priority Senior Secured Notes Due 2026

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