Berry GlobalBERY
BERY
About: Berry global Group Inc is a supplier of plastic packaging products mainly sold to consumer-oriented end markets. The four business segments are Consumer Packaging International, Consumer Packaging North America, Flexibles, and Health, Hygiene & Specialties. The company 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: 42,000
0
Funds holding %
of 6,814 funds
0
Analysts bullish %
of 6 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
135% more call options, than puts
Call options by funds: $18.7M | Put options by funds: $7.95M
14% more first-time investments, than exits
New positions opened: 56 | Existing positions closed: 49
14% more capital invested
Capital invested by funds: $6.76B [Q2] → $7.67B (+$913M) [Q3]
8% more funds holding in top 10
Funds holding in top 10: 12 [Q2] → 13 (+1) [Q3]
1% more funds holding
Funds holding: 390 [Q2] → 394 (+4) [Q3]
1.82% less ownership
Funds ownership: 100.48% [Q2] → 98.66% (-1.82%) [Q3]
14% less repeat investments, than reductions
Existing positions increased: 131 | Existing positions reduced: 153
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$72
10%
upside
Avg. target
$74
14%
upside
High target
$76
16%
upside
6 analyst ratings
1 positive
17%
5 neutral
83%
0 negative
0%
UBS Joshua Spector 42% 1-year accuracy 14 / 33 met price target | 10%upside $72 | Neutral Maintained | 10 Jan 2025 |
Truist Securities Michael Roxland 42% 1-year accuracy 19 / 45 met price target | 13%upside $74 | Hold Maintained | 6 Jan 2025 |
Barclays Michael Leithead 32% 1-year accuracy 6 / 19 met price target | 15%upside $75 | Equal-Weight Maintained | 27 Nov 2024 |
Citigroup Anthony Pettinari 39% 1-year accuracy 23 / 59 met price target | 16%upside $76 | Neutral Reinstated | 25 Nov 2024 |
JP Morgan Jeffrey Zekauskas 33% 1-year accuracy 14 / 43 met price target | 16%upside $76 | Overweight Reinstated | 25 Nov 2024 |
Financial journalist opinion
Based on 3 articles about BERY published over the past 30 days
Neutral
GlobeNewsWire
3 days ago
North American Geosynthetics Markets 2024-2030 with Solmax, AGRU, Texel Technical Materials, Hanes Geo Components, SKAPS, Tensar, Berry Global, Tenax, HUESKER Synthetic, American Excelsior Leading
Dublin, Jan. 09, 2025 (GLOBE NEWSWIRE) -- The "North American Geosynthetics Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2024-2030" report has been added to ResearchAndMarkets.com's offering. The North American geosynthetics market size was US$ 1.49 billion Square Meters in 2023 and is likely to grow at a decent CAGR of 2.4% (by area) in the long run to reach 1.75 billion Square Meters by 2030 Roads and other trafficked areas and asphalt reinforcement is expected to remain dominant, whereas solid waste disposal will be the fastest-growing application in the market during the forecast period The North American geosynthetics market is segmented into roads and other trafficked areas, asphalt reinforcement, railways, tunnels & underground structures, earthworks, foundation, and retaining walls, solid waste disposal, drainage systems, erosion control works, reservoirs & dams, canals, liquid waste containment, and others. Due to huge investments in road infrastructure projects, roads and other trafficked areas and asphalt reinforcement is expected to remain dominant, whereas solid waste disposal will grow at the fastest rate in the market during the forecast period. The United States boasts the largest road network in the world, spanning an impressive 6,803,479 kilometers, necessitating regular maintenance and upgrades. The scale of the country's road infrastructure demands a comprehensive and ongoing approach to ensure the safety and efficiency of the transportation system. The rapid expansion in the application of geosynthetics for solid waste disposal is primarily attributable to the stringent environmental standards that are in place in high-income countries, such as the United States and Canada. The increasing demand for geosynthetics in these countries is a result of the need to comply with the regulatory requirements that mandate the use of advanced technologies to manage waste disposal. By Function Type
Positive
Seeking Alpha
1 week ago
Up To 11% Yields With Big Buybacks
I love stocks that pay big dividends and buy back a lot of stock. I share three dividend stocks that meet these criteria. I detail why they are compelling buys right now.
Positive
Seeking Alpha
2 weeks ago
Berry Global: Middle Innings Of A Turnaround (Rating Upgrade)
Berry Global Group (BERY) is in the middle of a turnaround, with significant actions unlocking shareholder value. The HHNF spinoff helped BERY de-leverage debt, align with its long-term strategy, and rewarded shareholders with a 8% special dividend. The merger with Amcor values BERY at $73.59 per share, presenting a 5% discount opportunity, with potential upside if AMCR's stock increases.
Negative
Zacks Investment Research
1 month ago
New Strong Sell Stocks for December 13th
AGL, BKGFY and BERY have been added to the Zacks Rank #5 (Strong Sell) List on December 13, 2024.
Neutral
Business Wire
1 month ago
Ancora Releases Amcor plc Investment Thesis Presented at the Annual Bloomberg Activism Forum
CLEVELAND--(BUSINESS WIRE)--Ancora Holdings Group LLC (collectively with its affiliates, “Ancora”) today released its positive investment thesis on Amcor plc (NYSE: AMCR; ASX: AMC) (“Amcor”) that was presented at the Bloomberg Activism Forum by James Chadwick, President of Ancora Alternatives LLC. This follows Amcor's recently announced merger with Berry Global Group, Inc. (NYSE: BERY) (“Berry”), which the companies expect to close in the middle of next year.1 The presentation can be accessed h.
Negative
Zacks Investment Research
1 month ago
Interpreting Berry Global (BERY) International Revenue Trends
Review Berry Global's (BERY) international revenue performance and how it affects the predictions of financial analysts on Wall Street and the future prospects for the stock.
Neutral
Zacks Investment Research
1 month ago
Berry Global to Sell Specialty Tapes Business to Nautic for $540M
BERY inks a deal to sell its Tapes business for $540 million to focus on core businesses while supporting capital allocation priorities.
Neutral
Business Wire
1 month ago
Berry Global Announces Agreement to Sell Specialty Tapes Business to Nautic Partners
EVANSVILLE, Ind.--(BUSINESS WIRE)--Berry Global Group, Inc., (“Berry”) (NYSE:BERY) announced today it has entered into a definitive agreement to sell its Specialty Tapes business (“Tapes”) to the private equity firm Nautic Partners, LLC (“Nautic”) for a headline purchase price of approximately $540 million, which is subject to a number of closing adjustments. The Tapes business is a franchise highly valued by its industrial customers. As a result, this separation is aligned with Berry's broader.
Neutral
Business Wire
1 month ago
BERRY GLOBAL INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Berry Global Group, Inc. - BERY
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Berry Global Group, Inc. (NYSE: BERY) to Amcor plc (NYSE: AMCR). Upon closing of the proposed transaction, Berry shareholders will own approximately 63% of the combined company. KSF is seeking to determine whether the transaction and the process that led to it are adequate, or whether the transaction is fair t.
Neutral
Seeking Alpha
1 month ago
Berry Global Group, Inc. (BERY) Q4 2024 Earnings Call Transcript
Berry Global Group, Inc. (NYSE:BERY ) Q4 2024 Earnings Conference Call November 19, 2024 8:00 AM ET Company Participants Tracey Whitehead - Head of IR, Amcor plc Peter Konieczny - CEO, Amcor plc Michael Casamento - EVP of Finance and CFO, Amcor plc Kevin Kwilinski - CEO Mark Miles - CFO Conference Call Participants Ghansham Panjabi - Robert W. Baird George Staphos - BofA Securities Daniel Kang - CLSA Limited Joshua Spector - UBS Investment Bank Michael Roxland - Truist Securities, Inc. Arun Viswanathan - RBC Capital Markets Anthony Pettinari - Citigroup Inc. Andrew Scott - Morgan Stanley Philip Ng - Jefferies Keith Chau - MST Financial Services Operator Thank you for standing by.
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