Berry GlobalBERY
BERY
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, Flexibles, and Health, Hygiene & 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: 42,000
0
Funds holding %
of 6,809 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 capital invested
Capital invested by funds: $6.73B [Q2] → $7.64B (+$911M) [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]
8% more first-time investments, than exits
New positions opened: 56 | Existing positions closed: 52
1.79% less ownership
Funds ownership: 100.08% [Q2] → 98.29% (-1.79%) [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
12%
upside
Avg. target
$75
16%
upside
High target
$76
18%
upside
6 analyst ratings
1 positive
17%
5 neutral
83%
0 negative
0%
Barclays Michael Leithead 37% 1-year accuracy 7 / 19 met price target | 17%upside $75 | Equal-Weight Maintained | 27 Nov 2024 |
Citigroup Anthony Pettinari 58% 1-year accuracy 29 / 50 met price target | 18%upside $76 | Neutral Reinstated | 25 Nov 2024 |
JP Morgan Jeffrey Zekauskas 37% 1-year accuracy 16 / 43 met price target | 18%upside $76 | Overweight Reinstated | 25 Nov 2024 |
UBS Joshua Spector 39% 1-year accuracy 15 / 38 met price target | 17%upside $75 | Neutral Downgraded | 22 Nov 2024 |
RBC Capital Arun Viswanathan 29% 1-year accuracy 20 / 70 met price target | 14%upside $73 | Sector Perform Maintained | 21 Nov 2024 |
Financial journalist opinion
Based on 6 articles about BERY published over the past 30 days
Negative
Zacks Investment Research
1 week 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 week 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
3 weeks 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
3 weeks 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
3 weeks 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
4 weeks 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.
Positive
Zacks Investment Research
1 month ago
Berry Global's Q4 Earnings Top Estimates, Sales Increase Y/Y
BERY's fourth-quarter fiscal 2025 net sales increase 3% year over year driven by higher selling prices.
Positive
Zacks Investment Research
1 month ago
Amcor to Accelerate Growth With Berry Global Merger Agreement
AMCR expects a $650-million benefit from synergies by the end of the third year of closing of its merger agreement with Berry Global.
Neutral
Business Wire
1 month ago
Shareholder Alert: Ademi LLP Investigates Whether Berry Global Group, Inc. Is Obtaining a Fair Price for its Public Shareholders
MILWAUKEE--(BUSINESS WIRE)--Ademi LLP is investigating Berry (NYSE: BERY) for possible breaches of fiduciary duty and other violations of law in its transaction with Amcor. Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ademilaw.com or toll-free: 866-264-3995. There is no cost or obligation to you. In the transaction, the stockholders of Berry will receive only 7.25 Amcor shares for each Berry share held, placing a value on Berry's co.
Charts implemented using Lightweight Charts™