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Berry Global
BERY

$60.63
0.85%
 

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

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 9 analysts
0
News positive %
of 4 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

Research analyst outlook

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

Low target
$62
2%
upside
Avg. target
$72
19%
upside
High target
$89
47%
upside

9 analyst ratings

positive
33%
neutral
67%
negative
0%
B of A Securities
George Staphos
34%upside
$81
Buy
Maintained
10 May 2024
Baird
Ghansham Panjabi
7%upside
$65
Neutral
Downgraded
16 Apr 2024
Truist Securities
Michael Roxland
12%upside
$68
Hold
Downgraded
27 Mar 2024
RBC Capital
Arun Viswanathan
2%upside
$62
Sector Perform
Downgraded
15 Mar 2024
Barclays
Michael Leithead
6%upside
$64
Equal-Weight
Maintained
12 Feb 2024

Financial journalist opinion

Based on 4 articles about BERY published over the past 30 days